Monero (XMR) is a well-known privacy coin that has made quite a name for itself. It records a block confirmation time of a minute for five blocks and users can make a deposit in about five minutes. Grostlecoin (GRS) may not be a coin you commonly hear of or read about but it is definitely one of the fastest in the business. It takes roughly 30 seconds or less to confirm 5 blocks worth of transactions. Verge (XVG) may not be the most well-known or popular cryptocurrency out there but it surely is fast and furious. Its average transaction speed is around 2 minutes which might not be super-fast but is definitely a lot less than what Bitcoin needs to confirm a block. The IOTA crypto holds a great deal of promise as it attempts to explore better avenues to implement the distributed ledger technologies (DLT). You May Also Read: Top 5 Best NEO and GAS Wallets in 2019 6. It takes the same time of 20 seconds to confirm a five block of transactions and the deposit time averages close to 100 seconds. The GAS (GAS) cryptocurrency is about as fast as NEO, even though it does not have the popularity of NEO just yet.
It takes just 20 seconds to confirm five blocks and averages somewhere around 1 minute and 40 seconds in terms of the user making a deposit. This coin, based in a blockchain that is touted as the “Chinese Ethereum”, has seen a great deal of success since its launch. It confirms a block in about 10 seconds and the deposit can subsequently be made at that speed. With the second highest market cap and incredible speed, Ripple has been riding the wave to success. Ripple (XRP) has become a big shot in the crypto world. You May Also Read: Pros and Cons of Stellar 3. It is, as you can obviously understand, incredibly fast. Stellar has made quite a name for itself as well, and averages a block confirmation in about 5 seconds. Stellar Lumens (XLM) is quite the dark horse of the crypto market, having been founded by those who came up with Ripple, a similar payment protocol that has now reached the second spot in the market as per market cap. Blink! And you missed it! Your transaction has confirmed while you blinked. NANO has a transaction speed where a deposit is made and therefore, a block is confirmed in a mere 3 seconds. In late-2018, reports surfaced that NANO coin had become the fastest cryptocurrency in the Binance exchange, one of the top cryptocurrency exchanges in the market.
NANO, which is the same as the Raiblocks (XRB) cryptocurrency earlier, was rebranded to become Nano (NANO).
Therefore, what we will be basing our list on, is the fact that these cryptocurrencies’ transaction speeds operate within a certain range.Īnd keeping those ranges in mind, we will tell you what the top 10 cryptocurrencies in the market are, in terms of transaction speed. This is mainly because the transaction speeds of various cryptocurrencies often vary from time to time and it is not viable to take a number to represent its transaction speed over a long duration. However, you must bear in mind that the list we provide will not be in a particular, specific order of speed. In this article, we tell you exactly that. You know that Bitcoin is frequently panned for having a very slow transaction speed but you probably don’t know which ones are the cryptocurrencies with the fastest transaction speeds. Top 10 Cryptocurrencies With The Fastest Transaction Speeds