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Transactions Per Second (TPS)

Transactions Per Second (TPS) is a metric used to measure the number of transactions that a blockchain network can process each second. It is an important indicator of the scalability and efficiency of a blockchain. Higher TPS means the network can handle more transactions, making it more suitable for widespread adoption and use in scenarios that require high transaction volumes, such as payment systems or decentralized applications. Blockchains like Bitcoin and Ethereum traditionally have lower TPS compared to newer or more centralized networks, leading to ongoing efforts and developments in scaling solutions.