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glossary

Definitions and terminology related to cryptoeconomics, blockchain and distributed ledger technology.
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Transacitons Per Second, TPS, tx/s

Transactions per second (abv. TPS or tx/s) is a measurement of processing capacity. The term is often referenced in discussions of enterprise use cases and comparisons of blockchain scalability. Traditional payment processors, such as Visa, are capable of processing 1700 tx/s, which serves as a common benchmark for payment processing applications of blockchain technology.