Latest Comparison of 7 Top Public Blockchains

Public Blockchain
CMC Ranking
Program Language
Consensus Algorithm
Official Released TPS
Tested Avg. TPS
Tested Peak TPS

Why Dai Growing to Record High Indicates Positive Ethereum Growth
Saturday November 09, 2019

In a world plagued by banking bailouts, galloping debt and currency devaluations, a solution is needed. Enter decentralized finance, or DeFi, the future of banking where you are the bank. Ethereum is the platform...

The post Why Dai Growing to Record High Indicates Positive Ethereum Growth appeared first on 12bitplay - Bitcoin Play.

EOS
6
C++
DPoS
3000
2200
2400

XRP Plunges 6% Despite Network Being “Stronger Than Ever”
Friday November 08, 2019

After a brief attempt to climb above its strong resistance level at $0.30 earlier this week, XRP faced a strong and swift rejection and is now moving down towards its monthly lows that currently...

The post XRP Plunges 6% Despite Network Being “Stronger Than Ever” appeared first on 12bitplay - Bitcoin Play.

NEO
17
C#
dBFT
1000
62.3
73.6

Nearly Two Years Later, A Retail Crypto Fund Experiment Is Down 81%
Thursday November 07, 2019

Back at the tail end of the crypto hype bubble in 2017, it wasn’t uncommon to find posts throughout the cryptocurrency community that demonstrated what a small investment made in Bitcoin at the beginning...

The post Nearly Two Years Later, A Retail Crypto Fund Experiment Is Down 81% appeared first on 12bitplay - Bitcoin Play.

TRON
11
Java
DPoS
2000
441
694

Ontology
24
Go
VBFT
3000
2800
3679

WaykiChain
99
C++
DPoS
3000
3200
5500

VeChain
28
Go
PoA
10000
1000
1000

IOST
60
Go
PoB
8000
854
1714

Comparison Chart
TPS Background Introduction
Transaction Per Second (TPS) is the number of transactions executed per second. This means, for a duration of one second, we can test how executions can be performed in that time frame. However, due to the uniqueness of different consensus mechanisms, many public blockchains will have different TPS results. Are the TPS results made by public blockchains reliable or trustworthy? In order to discover the actual performance of well-known public chains, we invited senior software developers to write some test scripts.
TPS Test Method
In reference to the top blockchain test methods, the following is the method used for the first test:
1) Unified test environment, including hardware and operating system;
2) Considering the characteristics of the smart contract transactions, the type of transactions tested is just ordinary transfer transactions;
3) In order to avoid the influence of network factors, a single node (with multiple miners) will be used for this test.
EOS

Consensus Mechanisms
DPOS

BP#
21

Block Production Speed
0.5 BPS

TPS
2200

Test Environment
AWS Cloud server, model: c5d.xlarge , 4 cores 8G , 100G nvmeSSD, CentOS 7.4
OS: Ubuntu 18
Built with source code, checkout specifies the tag: 45bfc94

Since EOS generates 2 blocks per second, the TPS is around 2200.
NEO

Consensus Mechanisms
DBFT

BP#
4

Block Production Speed
15 BPS

TPS
62.3

Test Environment
AWS Cloud server, model: c5d.xlarge, 4 core 8G, 100G nvmeSSD, CentOS 7.4
CPU: Intel(R) Xeon(R) Platinum 8124M CPU @ 3.00GHz
Docker version 1.13.1, build 774336d/1.13.1
Docker-compose version 1.24.0, build 0aa59064
Node mirroring: docker.io/cityofzion/neo-privatenet (2019-01-20 12:01:18)
Built with CityOfZion/neo-scan-docker
Test script based on netcore2.1
Test Result
The three rounds of peaks through the browser:
The first round:

The second round:

The third round:

The highest peak: 1104 /block 73.6 TPS
Mean ≈62.3 TPS
TRON

Consensus Mechanisms
DPOS

BP#
27

Block Production Speed
1/3 BPS

TPS
441

 
Test Environment
The node program runs on the local MAC pro
CPU: 4 cores (2.7 GHz Intel Core i7)
Memory: 16 G
SSD: 512 G
Test based on the private test network.
Test Result

After peaking at 700 TPS, The average = 694 (peak)

Ontology (ONT)

Consensus Mechanism
VBFT

BP#
5

Block Production Speed
1/6 BPS

TPS
Stable TPS: 2800; Peak TPS: 3679

Test environment
i7-8700cpu, 32G RAM, 500G mechanical hard disk, Windows 10
Test-based on regtest network.
Test Result
CurrentBlockHeight = 13, solo actor receives block complete event. block height=14 txnum=15628 TPS=2604
CurrentBlockHeight = 55, solo actor receives block complete event. block height=56 txnum=13700 TPS=2283
CurrentBlockHeight = 70, solo actor receives block complete event. block height=71 txnum=17945 TPS=2990
CurrentBlockHeight = 74, solo actor receives block complete event. block height=75 txnum=20000 TPS=3333
CurrentBlockHeight = 97, solo actor receives block complete event. block height=98 txnum=18898 TPS=3150
CurrentBlockHeight = 120, solo actor receives block complete event. block height=122 txnum=22074 TPS=3679
CurrentBlockHeight = 179, solo actor receives block complete event. block height=180 txnum=13310 TPS=2218
CurrentBlockHeight = 180, solo actor receives block complete event. block height=181 txnum=16660 TPS=2777
CurrentBlockHeight = 601, solo actor receives block complete event. block height=602 txnum=19116 TPS=3186
CurrentBlockHeight = 621, solo actor receives block complete event. block height=622 txnum=12269 TPS=2048
CurrentBlockHeight = 635, solo actor receives block complete event. block height=636 txnum=16830 TPS=2805
CurrentBlockHeight = 656, solo actor receives block complete event. block height=657 txnum=17428 TPS=2905
CurrentBlockHeight = 1234, solo actor receives block complete event. block height=1235 txnum=13427 TPS=2238
CurrentBlockHeight = 1236, solo actor receives block complete event. block height=1236 txnum=15936 TPS=2656
CurrentBlockHeight = 1280, solo actor receives block complete event. block height=1281 txnum=20682 TPS=3447
CurrentBlockHeight = 1308, solo actor receives block complete event. block height=1309 txnum=17691 TPS=2949
CurrentBlockHeight = 1404, solo actor receives block complete event. block height=1405 txnum=13278 TPS=2213
The peak reaches 3679 TPS, the lowest is 2048 TPS, and the TPS is stable at around 2800.
WaykiChain (WICC)

Consensus Mechanism
DPOS

BP#
11

Block Production Speed
10 BPS

TPS
Stable TPS: 3.2k; Peak TPS: 5.5k

Test Environment
Node program version: https://github.com/WaykiChain/WaykiChain
Node program runs under Alibaba Cloud ECS Docker
CPU:8 cores(Intel(R) Xeon(R) Platinum 8163 CPU @ 2.50GHz)
Memory:32 G
SSD:40 G
Host machine OS: Ubuntu 14.04.5 LTS
Docker:version 18.06.1-ce
Docker OS:Ubuntu 14.04.3 LTS
Test based on regtest network.
Test Result

Start common TPS test parameter
estimated TPS
actual TPS

20 65
3250
3238 (stable)

20 100
5000
5589 (unstable, peak)

Use “./coind -datadir=. getblock <height> | grep txnumber” to query the number of transactions included in the specified block.
Using the starting block 10 and the terminating block 20 in TPS press measurement as shown below.

Calculated the mean of the transactions for each block of 10 consecutive blocks:

Because the interval of block production is 10 seconds, TPS = 29639.3/ 10 ≈ 2963

VeChain (VET)

Consensus Mechanism
POA

BP#

Block Production Speed
10 BPS

TPS
1000

Test Environment
Node program runs on Alibaba Cloud ECS Docker
CPU:8 cores(Intel(R) Xeon(R) Platinum 8163 CPU @ 2.50GHz)
Memory:32 G
SSD:40 G
Host machine OS:Ubuntu 14.04.5 LTS
Docker:version 18.06.1-ce
Docker OS:Ubuntu 14.04.6 LTS
Test Result
Stable TPS:1000; Peak TPS: 1000

Each block contains a maximum of 10,000 transactions. The time interval of each block is 10s, so the calculated TPS=1000.
IOST

Consensus Mechanism
POB

BP#
17

Block Production Speed
2 BPS

TPS
854

Test Environment
Docker version 18.06.1-ce, build e68fc7a
root@298e90390d9a:/# cat /proc/version
Linux version 4.4.0-93-generic (buildd@lcy01-28) (gcc version 4.8.4 (Ubuntu 4.8.4- 2ubuntu1~14.04.3) ) #116~14.04.1-Ubuntu SMP Mon Aug 14 16:07:05 UTC 2017
The test was based on private test networks.
Test Result
Conducted multiple sets of tests. After the test program runs for 5 mins, through the interface getBlockByNumber scanning, the number of transactions included in each test block is divided by the block production interval time to obtain TPS.
The partial log record selected in a stable test period of about 100s follows, the average TPS is 854.

Peak =1714.
Though these mainstream public blockchains have their own program language and consensus mechanism, by using different test methods, we can get the tested average TPS and peak TPS. Among these, Ontology and WaykiChain have the higher tested TPS than their officially released TPS.
The competition between public chains is the competition of stability, security, usability, and efficiency, so strengthening the technical security and stability of the entire public chain is vital. High-performance transaction processing capabilities and efficient consensus mechanisms are the essential parts of creating a stable and secure ecosystem environment for blockchain developers and users.
About the Author: Joanna Chow is a prolific writer in the blockchain industry
The post Latest Comparison of 7 Top Public Blockchains appeared first on NewsBTC.

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