Let's cut through the BS with hard facts: 🧵
Let's cut through the BS with hard facts: 🧵
ETH= 119 TPS with 50k+ nodes
SOL= 10k+ TPS with 1.4k nodes
ADA= 18 TPS with 2k nodes
SUI= 10k+ TPS with 100 nodes
NEAR= 100k+ TPS with 238 nodes
APT= 10k+ TPS with 151 nodes
ALGO= 10k+ TPS with 1.5k nodes
EGLD= 100k+ TPS with 3k nodes
(TPS = Capacity) (Nodes = Decentralization)
Capacity/Decentralization = Scalability!
This is all of course a gross oversimplification, as there are far more metrics to take into account & many more devils in the details. However, these are still incredibly important metrics on their own & should not be underestimated!
Methodology:
When it comes to the number of nodes I was specifically referring to native-delegated & solo validators (block producers). I did make an exception with Rocket Pool, EtherFi & others in ETH's case as these do achieve a form of trustless delegation equivalent to native delegation. I did however reduce these numbers significantly again to reflect the positive skew due to ETH having a maximum ETH limit per validator
When it comes to TPS; I was specifically referring to the Max Theoretical Transaction Per Second for basic 1 to 1 value transfers
I also rounded the TPS figures down to the extreme, SOL is really capable of 20k+ & EGLD of 200k+ for instance.
But for simplicity's sake, I put them into general categories. So chains utilizing parallelization are in the 10k+ TPS range & chains utilizing sharding are in the 100K+ TPS range (this is assuming more shards can be deployed to meet demand in the latter case)
For any chain that does not deploy advanced on-chain scaling techniques, I give an exact TPS figure, as there are hard limits that can be easily calculated like in ETH (gas limit) & ADA (block size limit) respectively
My Picks, Deal With It:
Instead of strictly following market capitalization as I usually do for such lists & following specific rules for inclusion. I just included whatever I wanted to...
Because I will be accused of being a paid shill no matter what I do at this point while also facing extreme toxicity for telling everyone about these basic truths
That is why I only included what I thought was interesting & whatever happened to fit within the X-character limit, as most people do not read the body of the text, only the start
However, I did exclude modular chains & non-smart contract-capable chains if that makes you feel better. It is also highly likely that some of you will still think it is a grand conspiracy against your obscure chain because the tech is just so good... The tribalism, cope & delusion have become so ridiculous for some
Honorable Mentions:
I usually exclude ALGO from such lists due to the issue with its centralized relay nodes, but considering they are very close to fixing that issue, I thought I could make an exception here... As I decided to be less "strict" when making such lists. If you all hate this new approach let me know!
Another important metric I excluded here was speed, as that is currently the big trade-off with the parallelized chains in the 10k+ range & the sharded chains in the 100k+ range (sharded chains are slower)
You might also notice there is very little correlation between the number of nodes & TPS. That is because many aspects of the blockchain trilemma have been effectively solved & the trade-offs in the design space are focusing more on other metrics now. The economic & consensus design ends up having a far greater impact on node counts for instance, at least compared to the total capacity of these chains
Conclusion:
Shoutout to ETH for having the most nodes & EGLD for having the highest capacity! 🏆
I can also give your chain a shout in the comments by quoting the TPS & validator figures as a reply, if they are something to be proud of, I will be happy to help promote it!
We should all strive to increase these figures & praise those who push the boundaries of innovation. The goal is to maximize freedom (decentralization) for as many people as possible (scalability)
As cryptocurrency is useless without capacity & pointless without decentralization! 🔥