The speed of a blockchain is measured by the following metrics:
🔹 Block time
🔹 Throughput
🔹 Latency
🔹 Finality
Currently, Tezos has a 2-block finality, ensuring that transactions become irreversible within 30 seconds on the Tezos network.
In contrast, similar transactions can take considerably longer on alternative blockchains, with Ethereum requiring up to 20 minutes and Bitcoin up to 1 hour.