According to the announcement on December 5, the native N1 blockchain “aims to support next-generation applications with 100,000 transactions per second and support for multiple languages.”
In this context, “TPS” refers to transactions per second. This is a measure of the performance of a blockchain.
For context, the Bitcoin blockchain mempool adds about four to eight transactions per second. On the other hand, Ethereum co-founder Vitalik Buterin claims that Ethereum’s L1 and L2 layers will eventually reach 100,000 transactions per second as part of a planned series of upgrades called “The Surge.”
It’s unclear at this point when the N1 network will be able to reach 100,000 TPS, as the phrase “aims to support” implies that it hasn’t reached that threshold yet. If so, N1 would be among the fastest blockchains by TPS.