Steven Pu, co-founder of Blockchain Taraxa by Layer-1, published a report on February 24 that highlights a significant gap between the Blockchain and the Real performance.
Analyzing 22 networks using Chainspect data, the study found that theoretical transactions per second (TPS) are exaggerated by an average of 20 times compared to the results of the real world. According to the findings, this discrepancy comes from laboratory metrics that are not maintained in live mainets.
The report introduces a new metric: TPS per dollar spent in a validator node (TPS/$), with the aim of measuring profitability instead of only unprocessed speed. Throughout the 22 chains, theoretical TPS averaged 20 times higher than the performance of the main network observed, with only four networks achieving TPS/$ two -digit TPS/$ relationships.
PU argues that this shows that many block chains require expensive hardware for modest transaction rates, challenging claims of scalability and decentralization.
“We must all continue with transparent, verifiable and chain metrics,” according to the study.
Scalability Blockchain questioned
The PU findings suggest that the industry approach in tps high TPS stakeholders. Bitcoin (BTC) and Ethereum (ETH), for example, prioritize safety on speed, while the newest chains promote large numbers that rarely materialize. The TPS/$ Metric could change the way developers evaluate networks for practical use cases such as payments or monitoring of the supply chain. The report establishes that,
Max observed Mainnet TPS for networks included, in a 100 block window (Tx/s)
It is worth noting that Chainspect specifically excludes transactions that can unfair this maximum tps metric, such as voting transactions
Taraxa presses for transparency
Taraxa, a stagnation test layer, focused on the audit register, is framed by this as an attention call. PU, an entrepreneur educated in Stanford, urges the dependence on the verifiable data of Mainnet on the hype of white documents.
This comes when the cryptographic space with adoption obstacles. Inflated statistics could distort investment and development decisions, particularly in decentralized finances and cases of use chain that require reliable performance. PU suggests that profitability metrics such as TPS/$ could redefine how the sustainability of blockchain is evaluated, changing the approach to networks that offer a practical value instead of only high theoretical speeds.
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