There are 3 things that determine transaction speed: block size, block time and transaction size. Let's look at all 3 for Cardano.Block size. The maximum size of a block is 65536bytes.Here is the source: https://ift.tt/2Qw6jzJ you scroll down you see the variable "maxBlockBodySize 65536" and it is helpfully explained "Maximum size of a block body. Limits blockchain storage size, and communication costs."Block time. This is 20 seconds on average. Can't find a great source for this as the block time jumps around a lot on the explorers but Google give you loads of sources e.g. https://ift.tt/3euJqEG size. It varies but it is around 500 bytes often more. Go here https://ift.tt/3uAGpdr and look at the number of transaction in a block and its size, divide.So to calculate tps we do: 65536 / 20 / 500 = 6.55tps.The Cardano sub is aware of the issue see here: https://ift.tt/2QPmCHE where this issue was discussed quite technically.
Submitted April 24, 2021 at 07:55PM
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