2 ms·
At the current 1MB block size, Bitcoin can only process seven transactions per second. If everyone were directly connected to the the BlockChain ledger, it cou
by jgalt212 11y ago
At the current 1MB block size, Bitcoin can only process seven transactions per second. If everyone were directly connected to the the BlockChain ledger, it could not become a global real-time payment processing system. However, if there were middlemen involved to take the transaction processing load off of the Blockchain...
As points of reference, Visa processes 2,000 transactions per second and PayPal does over 100. Those are averages, not max capacity numbers.
https://en.bitcoin.it/wiki/Scalability https://en.bitcoin.it/wiki/Scalability