5.1.3. Fastest Transaction Speeds in the Industry
One of the perquisites for staking is that the user needs to have a full node wallet such as the Future Gold wallet, which downloads the entire blockchain data, meaning the history of all transactions since the very beginning. The larger number of nodes allows for increased transaction speeds. A metric that can be used is the comparison of the market capitalization and the number of active nodes. Future Gold has a proportion of around 0.38, as compared to Ark with 0.53, ZCash with 0.55 and Ethereum with 4.18. This provides a metric of how decentralized the transactions are on the blockchain. Moreover, it indicates that Future Gold has the best incentive system leading to more active nodes per amount transacted on the blockchain. Future Gold aims to achieve even better results, by making staking more profitable and therefore more attractive to users.
Future Gold has one of the fastest transaction speeds in the cryptocurrency industry, blocks are created every 30 seconds. As a result, all transactions are confirmed in seconds, unlike Bitcoin, where it sometimes takes minutes or even hours. Future Gold can currently handle 1,120 transactions per second.
Last updated