3 ms·

You offer suggestions on ways to handle such transaction volumes. Does that mean it is currently an unsolved problem? What volume can the current bitcoin bloc

• fweespeech 11y ago
  7 tps is the working theory. Whether its possible for an extended period of time is unknown. https://blockchain.info/charts/n-transactions https://blockchain.info/charts/n-transactions It hasn't hit that limit [as of yet] for a full 24 hour period so there is no way to know if that is true. But really, its only "unsolved" in the sense there hasn't been a need to solve it and so an arbitrary limiter [1 megabyte] has not been increased.
  • sharpneli 11y ago
    7tps only with transactions that have a single input and a single output. In practice transactions have multiple inputs and multiple outputs. Based on average size of recent transactions it comes out to ~2.3tps.
• wslh 11y ago
  The way to solve the blockchain limitations (confirmation speed, small amounts) is using micropayment channels. One of the implementations is https://github.com/bitpay/bitcore-channel https://github.com/bitpay/bitcore-channel another https://bitcoinj.github.io/working-with-micropayments https://bitcoinj.github.io/working-with-micropayments.