I do understand CPU throttling exists on non-dedicated CPU droplets, since each of those droplets share physical hardware with other droplets, and constant 100% CPU use would degrade the service quality for other users on the same node.

However, CPU-optimized droplets run on dedicated CPUs cores? So is CPU throttling still the case there?

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With CPU optimized cores each core is assigned to a droplet and is 100% allocated to that droplet so you can use 100% of the cores that are associated with it. There is no throttling.