Blockchain Speed

Definition ∞ Blockchain speed quantifies the rate at which a blockchain network processes and confirms transactions. This metric is commonly expressed in transactions per second or block finality time. Higher speeds generally indicate greater network capacity and improved user experience for digital asset transfers and smart contract execution. It is a critical performance indicator for any distributed ledger technology.
Context ∞ The discussion around blockchain speed consistently centers on achieving greater transaction throughput without compromising security or decentralization. Innovations like layer-2 solutions and sharding protocols are key areas of development aimed at enhancing this metric. News reports frequently compare different blockchain platforms based on their speed capabilities, influencing perceptions of their suitability for various applications.