Transaction speed is a really important issue in the crypto space. The faster a distributed ledger is able to process a number of transactions, the more likely is that it will become a popular one.
Cryptos with fast transaction speeds would even be able to challenge traditional payment firms such as the giant Visa.
More than that, Oracle Times notes that “This is also a highly significant feature for the execution of smart contracts and for traders who are looking to move their crypto from one exchange to another in the most efficient way.”
The latest analysis from Bitcoin Kit reveals the fastest cryptos on Binance
Bitcoin Kit reports that Nano is currently the fastest crypto that is listed on the crypto exchange platform.
The coin tracker that monitors the depositing speed of all the cryptos that are listed on the most important exchanges also notes that Nano’s block seems to be of three seconds while there’s one confirmation required in order to approve the transaction.
Next coins that follow are Stellar Lumens, ICON, Skycoin, XRP, and EOS.
Bitcoin Kit notes on their official website that “Most proof-of-work coins are automatically updated hourly. Other coins are added & updated manually; in these scenarios, the block time is based on a coin’s whitepaper and sites like CoinGecko.”
Binance is working to enhance user security
In order to make sure that the platform’s users will be safer, the exchange decided to conduct more in0depth reviews of the listed coins periodically and delist the ones that have a standard which drops below the level that they chose.
Binance took the decision to delist four cryptos: Triggers (TRIG), Bytecoin (BCN), Iconomi (ICN), and ChatCoin (CHAT).