3 ms·
What block size for Ethereum's blockchain would be required to hit 56,000 tps? I'm really getting some deja vu in having to write this out for the millionth tim
by Anonobread 11y ago
What block size for Ethereum's blockchain would be required to hit 56,000 tps? I'm really getting some deja vu in having to write this out for the millionth time in a 18 month period.
None of your talking points magically address the extreme costs of prerequisite physical infrastructure needed to hit 56,000 tps.
Bottom line, it's impossible to match the throughput capacity of just a single credit card company on any blockchain, be it Bitcoin or Ethereum or BBQCoin, without incurring enormous costs in terms of CPU and bandwidth. This is to say nothing of doing decentralized exchanges, order matching, and option contracts - all of which Ethereum has been advertised as doing on a blockchain. For that you'd need hundreds of thousands of tps.
- brighton36 11y agoThank-you for writing this for the umpteenth time. I write these same points myself, constantly, as well. Most of the people in the ethereum project are delusional teenagers looking to get rich quick.
- nickpsecurity 11y agoWhat's your take on my claim? https://news.ycombinator.com/item?id=11184214 https://news.ycombinator.com/item?id=11184214 Note: Reply there if you do.
- darawk 11y agoMake block time 1s. Allow blocks to hold 1M transactions. Problem solved? Granted, this doesn't deliver the physical infrastructure to process that many transactions - but that will happen over time. Visa didn't process 56k tps on day one, either.