VeChain Processes Transactions 11 Times Faster Than Ethereum

VeChain processes transactions 11 times faster than Ethereum with a record of 165 processes transactions per second on the main net, according to the latest data that we have in our Vechain news today.

VeChain is a popular project on the crypto market which was been offering a working product since the beginning. Since then, VeChain made partnerships with a low of well-known companies in different areas such as the beverage, textile, automotive, food, and pharmaceutical industries. Especially in the area of counterfeiting, the Vechain Thor blockchain proves that it can help a lot of the companies that are constantly affected by counterfeit and lose billions of dollars.

The Twitter user Jake.com explained on his profile that according to the latest data of the Mainnet at block 5,274,015, about 165 transactions per second were conducted and 1,652 clauses could be processed. Vechain processes transactions with a new record time and surpassed other blockchains. With the 165 TPS, VeChain can now process 11 times more transactions each second than Ethereum does which is able to only achieve around 15 transactions per second.

Another special feature of the Vechain Thor Blockchain is the new clauses that are embedded into every transaction. These fields have the values ‘’to’, ‘’value’’ and ‘’ data’’ and can be used to conduct simple tasks such as processing payments or processing smart contracts. The platform further explained that the Vechain Thor blockchain has a lot more flexibility features and better performances than other blockchains because of the ‘’Clause System.’’ The feature prepares the VeChain Thor blockchain that the companies need:

‘’With the Clauses and the Transaction ID systems, the VeChainThor blockchain can accommodate businesses both when they require transaction dependency and when they desire independent transactions.’’

The performance increase is mainly caused because of the last protocol update after Vechain got hacked at the end of 2019. VeChain also aims to implement an improved Proof of Authority 2.
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0 which could make the revised consensus model much more secure, fast and less vulnerable to hard forks. To increase the transaction latency and security, the new update will add another committee allocation mechanism to the VeChain blockchain which will finalize the transaction confirmation similar to the bitcoin blockchain.