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    Flow Speed

    Q4. One of Flow's main features is its speed compared to other blockchains. Blockchain performance can be measured as Transactions per minute. Measure the transactions per minute of Flow since May 9th and 'Successful transactions per minute' and create a chart showing how that metric has fluctuated during that time period. What types of events have raised or decreased the blockchain's performance over that time period? Are there bursts of transaction volume or interest on the chain? Compare Flow's speed to at least two other blockchains.

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    Methodology

    • Since May 9th, we've been tracking Flow's transactions per minute and successful transactions per minute.
    • The successful transactions per minute are then counted and plotted with the successful and failed transactions change on Flow.
    • Finally, we compare Flow, Ethereum, and Solana's successful transactions per minute.
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    As can be seen in the graph above, both TPS and STPS are very volatile over time, peaking on May 31 for TPS and June 3 for STPS.

    As seen in the preceding graph, we are attempting to determine what caused STPS's three significant declines. On the 11th and 19th of May, we discovered that there were few transactions, resulting in a significant drop in STPS. Specifically, we discovered that on May 29, TPS is relatively high, while STPS is at its lowest. Upon examining the number of transactions on this day, we noticed that the volume of failed transactions is significantly more than the volume of successful transactions, causing STPS to reach its lowest value.

    What Is Flow???

    Flow is a decentralized, developer-friendly blockchain that will serve as the foundation for a new generation of games, applications, and digital assets. It's built on a multi-role architecture that scales without sharding, allowing for enormous performance and throughput gains while maintaining an ACID-compliant, developer-friendly environment. Developers may use Flow to create flourishing crypto-enabled enterprises. Users may maintain ownership of their data with Flow applications, develop new types of digital assets that can be traded on open marketplaces from anywhere in the globe, and establish open economies that are controlled by the users who help make them valuable.

    In the previous bar graph, we compared Flow's STPS to those of two well-known networks. We determined that Flow's successful transactions per minute are still lower than those of Ethereum and Solana, indicating that Flow's speed must be increased in order for it to be the fastest blockchain network.

    Conclusion

    • We discovered that low transaction volume and a high number of unsuccessful transactions are the primary variables affecting the speed of Flow.

    • Flow's successful transactions per minute are still lower than those of two major networks: Ethereum and Solana.