Fast transaction speed refers to the rapid processing and confirmation of digital asset transfers on a blockchain network. This characteristic is a measure of how quickly a transaction moves from initiation to finality, where it becomes irreversible and permanently recorded. It is determined by factors such as block time, network congestion, and the consensus mechanism employed by the blockchain. High transaction speed is essential for applications requiring real-time payments and scalable decentralized services.
Context
The pursuit of fast transaction speeds is a central competitive area among various blockchain protocols, with news often highlighting advancements in this domain. Solutions like layer-2 networks and sharding aim to address the scalability limitations of earlier blockchains. Understanding transaction speed provides context for the practical utility and adoption potential of different digital assets and their underlying technologies.
The $1 billion TVL milestone validates SUI's Move-based, high-throughput architecture, establishing a new, sticky liquidity base for its application layer.
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