Blockchains like Solana brag about 'velocity' — however it's deceptive

The throughput of blockchains — specifically, their capacity to course of X variety of transactions per second (TPS) — is usually touted in such a method as to downplay different issues, resembling decentralization and safety. The blockchain trilemma, after all, acknowledges that succeeding in all three areas is difficult, although not not possible.

There isn’t a denying that throughput and scalability are vital, certainly important if blockchains are finally to develop into the rails on which the monetary system is run. Nevertheless, there’s a main false impression surrounding the metric used to evaluate the scalability of layer-1s and 2s.

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