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Hedera doesn’t fudge its transaction numbers, but I understand the confusion

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by COINS NEWS 138 Views

I’ve seen some posts here lately suggesting Hedera inflates their tps figures in a similar way to Solana by including internal consensus transactions in their tps count. This is not correct.

I think the confusion stems from how Hedera names their transactions. Hedera has a service called the Hedera Consensus Service (HCS), this service allows network users to submit messages to the network and have them time stamped and fairly ordered. The biggest user of this service at the moment is a use case called atma.io (https://www.atma.io), it’s basically a supply chain tracking use case. atma.io has been averaging about 500 tps over the last few weeks, this is why Hedera tps has jumped so much recently.

All the transactions submitted to the HCS are legit, none of them are internal consensus transactions. In fact, on Hedera, nodes don’t send transactions to each other at all to reach consensus. Hedera uses something called virtual voting which doesn’t involve any votes (transactions) being sent between nodes to reach consensus.

If you’re interested you can read more about virtual voting on Hedera here: https://docs.hedera.com/hedera/core-concepts/hashgraph-consensus-algorithms/virtual-voting

I’ve bothered making this post because I think Hedera is a promising network which is worth learning about, inaccurate info like the posts I’ve seen recently might mean some people who would otherwise be interested might miss out on Hedera. I hope this post has been useful to some of you and hope it helps clarify what’s actually goin on over on Hedera ????

submitted by /u/crypto_zoologistler
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