Transaction per second (TPS)

• Striving for high TPS without sacrificing security and decentralization is a crucial balance for blockchain networks.

• The Post Quantum Network can reach a high TPS level with the help of the Proof-of-Stake (PoS) consensus algorithm, the Merkle Signature Scheme (XMSS), and the Quantum Random Number Generation algorithm while maintaining quantum-resistant security and decentralization.

• The PQCN MainNet showcases an initial TPS speed of 97,000 as a Public chain emphasizing its efficiency.

• The potential theoretical maximum TPS of 155,200 achieved through a hybrid blockchain approach highlights Post Quantum Network’s scalability and performance capabilities.

Definition of Transaction per Second (TPS)

A blockchain platform processes transactions per second (TPS) at a specific rate. It is a critical metric to assess the platform’s efficiency and scalability.

Challenges of High TPS vs. Decentralization

While achieving high TPS numbers is desirable for faster transaction processing, some blockchains compromise decentralization in pursuit of speed. Striking a balance between high TPS and decentralization is a key challenge blockchain platforms face.

The Post Quantum Network’s Approach to High TPS and Decentralization

The Post Quantum Network has taken a unique approach to address the speed and decentralization dilemma in blockchain technology. Post Quantum Network improves transaction throughput while using almost 90% less energy using the Proof-of-Stake (PoS) consensus with the Merkle Signature Scheme (XMSS) and the Quantum Random Number Generation mechanism. This innovation draws inspiration from Cardano and Algorand, incorporating enhanced scalability and authentic pseudorandomness.

The Post Quantum Network $PQCN integrates the Proof-of-Stake (PoS) consensus with the Merkle Signature Scheme (XMSS) and Quantum Random Number Generation (QRNG) mechanism, ensuring rapid transaction speeds on the Post Quantum blockchain platform. In testing, the Post Quantum MainNet demonstrates an initial speed of 97,000 TPS, showcasing the platform’s efficiency. Moreover, Post Quantum Network offers the flexibility for users to create Public or Private blockchains while utilizing Post Quantum Network as a hybrid blockchain solution. In a PQCN-enabled private blockchain environment with private nodes and servers, the TPS can scale significantly, reaching up to 155,200 TPS. This hybrid blockchain model presents a novel strategy for enhancing transaction speeds and scalability without compromising security.

Under ideal circumstances, we can achieve a theoretical maximum TPS of 155,200 by leveraging Post Quantum Network as a hybrid blockchain platform. While this scenario represents an extreme theoretical case involving multiple companies interacting on the public network, it exemplifies the platform’s immense potential to handle high transaction volumes efficiently.