ETH 2.0 transactions per second

In the context of blockchains, transactions per second (TPS) refers to the number of transactions that a network is capable of processing each second. The approximate average TPS of the Bitcoin blockchain is about 5 – though this may vary at times. Ethereum, in contrast, can handle roughly double that amount.

In 2019, Bitcoin (259.2 million transactions) and Ethereum (242.8 million transactions) represented 44% of the total global blockchain transaction volume.

Right now, Ethereum can only handle around 30 transactions per second . Vitalik Buterin, one of the founders of Ethereum, has alleged that 2.0 may eventually scale to as many as 100,000 transactions per second using sharding and other tactics.27 Eki 2021

At the end of July 2021, the cryptocurrency Ethereum would be processed more than 1.1 million times per day . This was more than six times that of the more commonly known rival Bitcoin, which saw only 250,000 daily transactions that month.