How do you calculate bitcoins transactions per second?
Asked 3 years ago
I'm wondering how many Bitcoin transactions I can get in 10 minutes?
Sheldon Owen
Wednesday, March 23, 2022
To calculate the Transactions per Second (TPS) of Bitcoin, you must know its block time, transaction size, and block size. Block time is simply the time taken to form a new block in a network. For example, the average block time for Bitcoin is 10 minutes. On the other hand, the block size is simply the size of a block in a blockchain. Bitcoin has a block size of 1 MB. If we have a block size of 1 MB, an average transaction size of 1 Kb and a block time of 30 seconds, we will get a TPS of 33 (1MB/1Kb)/30 seconds = 33.
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