One thing a lot of people do not like about bitcoin is how it takes an average of 10 minutes before a transaction receives a network confirmation. Various other cryptocurrencies, also known as altcoins, try to improve this block time by quite a margin. Some projects focusing on faster block times are more successful than others, though.
4. Litecoin - 2.5 minute blocks
Litecoin is often thought of as the silver to bitcoin’s gold. Even though not everyone may see it that way, Litecoin brings some very intriguing developments in the world of cryptocurrency, that much is certain.
3. Monero - 2 minute blocks
With an average block time of just two minutes, Monero has proven to be quite a “quick” altcoin when it comes to generating new blocks on the network.
2. Ethereum - 14 second blocks
Many people believe Ethereum is the world’s fastest cryptocurrency in terms of block generation time, but that is not the case It has to be said, Ethereum is somewhat in a league of its, with the average block time sitting at the 14 second mark
1. Ripple - 3.5 second blocks
When it comes to generating blocks quickly, there is no competition for Ripple right now. Although Ripple is targeting a very different crowd compared to bitcoin, Monero, or the other coins mentioned above, the technology powering this network has proven to be quite solid.
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