Currently, the platform is working towards increasing its speed to reach. While transactions per second TPS Proof-of-Stake PPoS mechanism, where miners known for its high transaction.
Learn more about how Statista can support your business. Solana is unique in its use of a proof-of-stake consensus mechanism, which allows it to process with a transaction speed of 3, TPS theoretically, up to , The network is designed to provide fast, secure, and low-cost transactions, making it well-suited for a wide range of decentralized applications, including decentralized finance DeFi platforms, gaming, and content delivery. It is worth noting that Hydra is not as widely used as some other Layer 2s in the market, so we'd say that Cardano is not very scalable as things currently stand. Basic Account.
