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Measurements thread!
In this thread I'm going to slowly buy a bunch of cryptocurrencies and measure.
The steps for each: a) buy on exchange, b) move to non-custodial wallet #1, c) measure time of transfer from wallet #1 to wallet #2, d) measure cost.
What should I test?
In this thread I'm going to slowly buy a bunch of cryptocurrencies and measure.
The steps for each: a) buy on exchange, b) move to non-custodial wallet #1, c) measure time of transfer from wallet #1 to wallet #2, d) measure cost.
What should I test?
1/ Let's start with Avalanche (AVAX), of course.
- Time of transfer = ~1 second
- Cost of transfer = 0.001 AVAX (~ $0.0035 USD)
- Time of transfer = ~1 second
- Cost of transfer = 0.001 AVAX (~ $0.0035 USD)
2/ Polkadot (DOT).
- Time of transfer = ~64 seconds
- Cost of transfer = 0.0154 DOT (~ $0.14 USD)
- Time of transfer = ~64 seconds
- Cost of transfer = 0.0154 DOT (~ $0.14 USD)
3/ Near (NEAR).
- Time of transfer = ~16 seconds
- Cost of transfer = 0.00004 NEAR (~ $0.000056 USD)
- Time of transfer = ~16 seconds
- Cost of transfer = 0.00004 NEAR (~ $0.000056 USD)
*Important note* on both DOT and NEAR is that these transfers are happening within the same shard, fairly certain. If more shards are used, the times go down significantly. And they will need more shards in order to actually scale to many nodes. So, both limited.
