The speed, stability, and transaction fees of blockchain transfers are the core dimensions for measuring the practical value of public blockchains. These three factors balance each other and continue to be optimized with technological iterations, collectively defining the user's value transfer experience.
In terms of speed, the processing efficiency varies significantly among different blockchains. Bitcoin can only process about 7 transactions per second due to the limitations of the PoW consensus, and transfer confirmations often take tens of minutes; Ethereum’s mainnet generates blocks approximately every 12 seconds, but confirmation delays can reach several hours during congestion. The emerging Solana public chain, with its innovative architecture, requires only 400 milliseconds for block confirmations. Layer 2 solutions further optimize this, with Arbitrum and zkSync networks moving transactions off-chain, achieving TPS in the tens of thousands, and cross-border transfers can be completed in 3 seconds, which is a thousand times more efficient than traditional payment methods. Meanwhile, Plasma has undergone another technical upgrade, adopting @Plasma BFT (Based on leader-based BFT inspired by rapid HotStuff) achieves sub-second block finality, processing thousands of transactions per second, making on-chain transfers as fast as topping up a phone bill.
Stability is directly related to consensus mechanisms and network congestion. While PoW mechanisms are highly decentralized, they are susceptible to fluctuations in computing power; PoS and DPoS architectures improve efficiency but face risks of collusion among nodes. During network congestion, transactions may remain in a 'pending' state for a long time, or even fail due to insufficient Gas fees. Providing a neutral and high-throughput settlement layer for stablecoins, Plasma's design prioritizes reliability, low latency, and compatibility with existing Ethereum tools, ensuring an excellent consumer experience.
The core influencing factor for transaction fees is the supply and demand of block space. Bitcoin has a limited block capacity of 1MB, while Ethereum's complex contract interactions require more resources, causing Gas fees to soar to hundreds of dollars during congestion. In contrast, BSC transaction fees are only $0.01-$0.1, and Solana charges as little as a few cents. Layer 2 solutions reduce costs by over 90% compared to the Ethereum mainnet, with small payment transaction fees as low as $0.0001.$XPL Moreover, achieving 'zero Gas fees' is essential.
A Layer 1 blockchain tailored for stablecoin settlement.#Plasma Breaking the 'impossible triangle' dilemma, while ensuring decentralization, it promotes the collaborative optimization of transfer speed, stability, and transaction fees, achieving 'the best of both worlds' in efficiency and cost, making blockchain transfers truly as simple as topping up a phone bill.
