There are several blockchain technologies that offer users fast and secure transactions. Each one developed seeks to outdo the others. Most of these platforms can carry out transactions in seconds. This article will discuss several blockchain based platforms that offer users fast and instant transactions. Some of them include;
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Visa
This global payment platform happens to be the fastest payment platform in the world. This platform was created to ensure the fast payment of merchants by clients. Over 25 million merchants have accepted the use of this payment platform. In one second, this platform can process over 24,000 transactions.
Ripple
This blockchain based platform is a decentralized open source crypto platform that offers users the opportunity to carry out fast, secure and cheap transactions across borders. This platform happens to be one of the fastest cryptocurrency platforms in the world. This platform is based on the XRP token which is used to carry out transactions on the network.
This platform can process and confirm about 1,400 transactions per second. The developers of this platform are of the opinion that the platform can process about 50,000 transactions per second but this has not been tested.
NEO
NEO happens to be another cryptocurrency platform that offers fast and instant transactions as well. Like most cryptocurrencies, NEO is also a decentralized blockchain based platform that offers instant payments across borders. This platform can process and confirm over 1,000 transactions. The development team of this platform has said that this crypto platform can process about 10,000 transactions, but this statement has not been confirmed.
Bitcoin Cash
This platform happens to be a hard fork of the Bitcoin network and it was created out of the disagreement that existed between members of the Bitcoin community over the scalability issue that has plagued the network for some time. Like most cryptocurrencies, this platform seeks to offer users fast, secure and cheap transactions. This platform also happens to be an advanced version of the Bitcoin crypto. This platform can process over 60 transactions.
Litecoin
Developed in 2011, this decentralized platform happens to be similar to the Bitcoin network. This altcoin has been likened to the Bitcoin network severally, most people have even referred to it as Bitcoin's silver. This platform also happens to be faster and more secure than the Bitcoin network. It has a block time of 2.5 minutes and can process about 56 transactions per second.
Dash
This open-source decentralized platform is another fast platform. Like others mentioned above, this crypto platform offers users fast, secure and cheap transactions across borders. In one second, the Dash network can process about 48 transactions.
Ethereum
This popular platform is also one of the fastest blockchain based platforms. Ethereum is a decentralized platform that runs smart contracts and decentralized applications without interference from any third party. This cryptocurrency happens to have one of the most stable blockchains and unlike others, it was not launched on Bitcoin's protocol. It can process about 20 transactions in one second.