A study by Taraxa, led by Co-Founder Steven Pu, reveals significant disparities between theoretical blockchain performance metrics and real-world outcomes.
The Problem: Lab Metrics vs. Real-World Performance
Blockchain projects often tout high transactions-per-second (TPS) figures based on private testnets and specific conditions, misleading users, developers, and investors.
Popularity Doesn’t Equal Prime Performance
The study found that the highest-performing chains in terms of cost-efficiency are not necessarily the most popular ones. Some major networks have poor cost-efficiency, raising concerns about their long-term viability.
A Shift Toward Meaningful Metrics
Taraxa calls for greater transparency in performance reporting, urging the evaluation of blockchains not just by transaction speed but also by cost-efficiency.
Taraxa's study advocates for a paradigm shift in evaluating blockchains, emphasizing real-world metrics and cost-efficiency for a more accurate and fair assessment of their performance.
