LeoGlossary: Transactions Per Second (TPS)

On a network, it is the number of transactions done per second.

In cryptocurrency, people often discuss the transactions per second of a blockchain compared to other financial networks such as Visa.

Many Layer 2 solutions are built with the intention of scaling up a transactions that can be done using a certain coin or token.

Centralized networks will typically be able to process more than the decentralized counterparts.