3 ms·
The point is that the trustlesness is not needed for the applications mentioned in the original report. Also they probably don't want Proof of Work for its was
by zby 10y ago
The point is that the trustlesness is not needed for the applications mentioned in the original report.
Also they probably don't want Proof of Work for its wastefulness.
- wpietri 10y agoOr, I'm sure, its relative slowness. LMAX can do millions of transactions per second. [1] Bitcoin is doing, what, 3 TPS? And I don't mean 3 million, just 3. (I get that from ~1600 transactions per block [2] and 1 block per 10 minutes.) Back when I was doing trading systems, my traders would have murdered me if my response time graph looks like the Bitcoin one does. [3] [1] http://martinfowler.com/articles/lmax.html http://martinfowler.com/articles/lmax.html [2] https://blockchain.info/charts/n-transactions-per-block https://blockchain.info/charts/n-transactions-per-block [3] https://blockchain.info/charts/avg-confirmation-time?timespan=all https://blockchain.info/charts/avg-confirmation-time?timespa...