Transactions Per Second (TPS)

Transactions Per Second (TPS) is a metric used to evaluate the speed and efficiency of a blockchain or payment system. It indicates how many transactions are processed in one second. High TPS is crucial for scalability, allowing more users to transact simultaneously without delays. In crypto exchanges, like ChicksX, TPS impacts user experience and system reliability. A higher TPS generally means faster transaction times and better handling of network congestion. This is particularly important for high-frequency trading and real-time global transactions.