Nano is currently the fastest cryptocurrency on Binance, according to a crypto coin tracker that monitors the deposit speed of all coins on major exchanges.
The breakdown from Bitcoin Kit lists Nano on top, with a block time of three seconds and one confirmation required to approve the transaction.
Next up is Stellar Lumens, ICON, Skycoin, XRP and EOS. Here’s a look at the complete list.
Transaction speed is one of the most talked about features in the world of cryptocurrency.
The faster a distributed ledger can process a large number of transactions, the more likely it is to become a go-to platform. For example, a cryptocurrency with a fast transaction speed could challenge traditional payment companies like Visa.
It’s also a crucial metric for the execution of smart contracts and for traders looking to move coins from one exchange to another as efficiently as possible.
You can check out the complete crypto deposit speed comparison here.