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Just out of curiosity, where should you look? Is the transaction capacity problem inherent to Ethereum like it is for Bitcoin? I'm willing to overlook transacti
by saosebastiao 9y ago
Just out of curiosity, where should you look? Is the transaction capacity problem inherent to Ethereum like it is for Bitcoin? I'm willing to overlook transaction capacity for the short term (while the currency is still immature and large speculative transactions overwhelm spot capacity), but I firmly believe that the market will eventually settle on the solution with the lowest transaction costs and the fastest transaction resolution.
- xorcist 9y agoI know it's a non-answer, but it depends very much on what your use case is. Any global system where every node stores every transaction for all eternity will be limited in capacity. If that is a problem depends on what your use case is. Most cryptocurrencies work like that, especially since they were all more or less inspired by Bitcoin. The capacity to which Ethereum and Bitcoin can scale can differ by a constant factor at most. (Where the latter is likely at an advantage, due to smaller transaction sizes and simpler scripts.) Scaling Bitcoin to a global payment network for everyone's daily transactions is probably not realistic. But it could very well act as the clearing backend for such a system. (See, for example, Lightning Network.)