Birdwatch Note Rating
2024-05-18 20:15:53 UTC - HELPFUL
Rated by Participant: D378F3D1EFA11A49A5329E669CDE1CBB6D4B3DCD76AA56D0842056F7B5DC165D
Participant Details
Original Note:
TPS can be misleading, including failed transactions which inflate figures. Solana, for example has over 70% failed transactions, distorting its TPS. Blockchains bundle multiple outputs per transaction, lowering the TPS. Often used for marketing, TPS is technically inaccurate. https://www.fxstreet.com/amp/cryptocurrencies/news/solana-failed-transactions-exceed-70-as-meme-coin-frenzy-attracts-bots-202403210927
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