Ripple has been on a tear, first displacing Ethereum as the second-biggest crypto for a while and now bolstering the scalability of the network.
Ripple on its website boasts a throughput capacity of 50,000 transactions per second, which reflects a more scalable network than its peers. This transaction speed is significantly faster than that of the Bitcoin, TRON or Ethereum networks, reports suggest.
For instance, Bitcoin currently has the capacity for seven TPS while Ethereum’s network processes an average of 20 transactions per second. The TRON Foundation recently reported a throughput of 2,000 transactions per second under optimal conditions.
Meanwhile, Ethereum Co-Founder Vitalik Buterin has said that additional scaling solutions will help bolster transaction throughput to 1 million transactions per second and possibly even 100 million TPS, reports suggest. Scaling solutions such as Plasma and sharding are on the Ethereum roadmap for the coming months and into 2019. Most recently, Buterin pointed to another technology, ZK-SNARK, which is used by privacy coin Zcash, to bolster Ethereum’s scalability to around “50,000 tx/sec”, saying:
“We can actually scale asset transfer transactions on Ethereum by a huge amount, without using layer 2’s that introduce liveness assumptions (eg. channels, plasma), by using ZK-SNARKs to mass-validate transactions.”
Meanwhile, the XRP price has risen more than 47% over the last seven days to $0.52, largely due to Coinbase’s announcement about its listing process, which has led investors to speculate an XRP listing could be next. Nevertheless, there’s no evidence of this happening any time soon.