I do not know that much about Crypto Currency. But as far as I understand:

  • Whenever a new block is mined a list of transactions is executed. This means transaction speed depends on the rate with which new blocks are mined. What is that rate for Monero?
  • Difficulty of the proof of work algorithm to mine new blocks is adjusted to keep the rate as constant as possible
  • 🎇sparkles✨@lemy.lolOP
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    6 days ago

    That is quite fast actually. I think fast enough for an online shop, and maybe for a coffee shop. But not for a high throughput Walmart like store.