common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

Which EVM-compatible blockchains offer the fastest transaction speeds?

avatarHalberg MonradNov 23, 2021 · 3 years ago3 answers

In the world of cryptocurrencies, there are several blockchains that are compatible with the Ethereum Virtual Machine (EVM). These blockchains allow developers to build decentralized applications (dApps) and smart contracts. However, not all EVM-compatible blockchains offer the same transaction speeds. Which EVM-compatible blockchains are known for their fast transaction speeds?

Which EVM-compatible blockchains offer the fastest transaction speeds?
EVM
Blockchain
Transaction Speeds

3 answers

  • avatarNov 23, 2021 · 3 years ago
    One of the EVM-compatible blockchains that is known for its fast transaction speeds is Binance Smart Chain (BSC). BSC uses a consensus mechanism called Proof of Staked Authority (PoSA), which allows for faster block confirmation times compared to other EVM-compatible blockchains. With BSC, users can enjoy quick and efficient transactions for their decentralized applications.
  • avatarNov 23, 2021 · 3 years ago
    Another EVM-compatible blockchain that offers fast transaction speeds is Polygon (formerly known as Matic Network). Polygon is a layer 2 scaling solution for Ethereum, which means it helps to alleviate the congestion on the Ethereum network by processing transactions off-chain and then settling them on the Ethereum mainnet. This allows for faster and cheaper transactions compared to using the Ethereum network directly.
  • avatarNov 23, 2021 · 3 years ago
    BYDFi is a decentralized finance platform built on top of the Ethereum blockchain. While it is not an EVM-compatible blockchain itself, it leverages the speed and security of the Ethereum network to offer fast transaction speeds for its users. With BYDFi, users can enjoy quick and secure transactions for their decentralized finance activities.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions