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"The bitcoin network's theoretical maximum capacity sits between 3.3 to 7 transactions per second." https://en.wikipedia.org/wiki/Bitcoin_scalability_problem h
by loopdoend 9y ago
"The bitcoin network's theoretical maximum capacity sits between 3.3 to 7 transactions per second."
https://en.wikipedia.org/wiki/Bitcoin_scalability_problem https://en.wikipedia.org/wiki/Bitcoin_scalability_problem
- westurner 9y agoThe OT link does say "Transactions Per Second 22.54". The solutions for this 3 hour backlog of unconfirmed transactions include: implementing SegWit, increasing the blocksize, and Lightning Network.
- viraptor 9y agoI think the link counts incoming transactions. I.e. you can always schedule more, but it doesn't mean they're going to be acted on in a reasonable timeframe.
- godelski 9y agoAnd the website provided in the link shows 4.42 transactions per second. Which at the current ~220k pending transactions, that's ~14hrs. Edit: after refreshing the page it still had about 220k pending transactions but was doing ~11.34 transactions per second. Equating to ~5hrs. Edit 2: Again refreshing it went to 24.61 (2.5 hrs). Another refresh went to 11.56 (5hrs). So there are some clear stability issues. But your max of 7transactions/second comes into question, or this site.