What is Transactions Per Second (TPS)?

Transactions per second (TPS) refers to the number of data transactions that a computer network can exact within a second. The TPS measurement used for sending data on a blockchain network is often an indicator of the protocol's overall network speed and scalability, and measures how quickly a specific platform can send data like cryptocurrency transactions and the execution of smart contract functions. Highly scalable networks with high transaction speeds are a requirement for the widespread adoption of blockchain technology.