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HTTP 402's and cryptocurrencies (fractional payments for access)? https://news.ycombinator.com/item?id=7857236 https://news.ycombinator.com/item?id=7857236 I
by dpflan 10y ago
HTTP 402's and cryptocurrencies (fractional payments for access)?
https://news.ycombinator.com/item?id=7857236 https://news.ycombinator.com/item?id=7857236
I remember talking to a friend who was trying out 21co's "bitcoin" computer and that 402+cryptocurrency payment seemed like something to evolve from that project. It seems to have changed focus a bit since that discussion.
https://21.co/ https://21.co/
- pjc50 10y agoIsn't there a global limit of 3 bitcoin transactions per second and a cost of about $10 in electricity too? 21.co was an obvious scam with near zero sales.
- Rmilb 10y ago7 trans actions per seconds. But there are several changes in the pipline to fix this. One solution is having "off-chain" transactions not on the main blockchain, this would allow us to not record every coffee purchase made in bitcoin to be stored on the main chain. Look up Lightning Network if you are interested in how this is being done. Your main point is correct that Bitcoin can only handle 7 tps while Visa can handle 20,000 tps.