4 ms·
IOTA can actually handle great TPS unlike bitcoin. BTC is maybe 10TPS cap while IOTA is pushing towards 2k TPS which is what Visa can do.
by CryoLogic 9y ago
IOTA can actually handle great TPS unlike bitcoin. BTC is maybe 10TPS cap while IOTA is pushing towards 2k TPS which is what Visa can do.
- bpicolo 9y agoThe Visa argument has always been silly. Visa has an average transaction rate of 2000/s, and can support ~50,000/s. They support 25x the overhead of their actual rate. If Visa needed to support 1,000,000 tps, they would do it. That tech is much easier to develop centrally than in a blockchain-distributed network. They just don't have any reason to do it because they match the scale they care about already.
- lawn 9y agoDamn lot's of people are pushing their favorite coin. Here are some reasons IOTA is a shitcoin and cannot ever replace Bitcoin: 1. No decentralized solution to the double spend problem. The very reason Bitcoin exists IOTA fails at. 2. Dev team is so incompetent they tried to implement their own cryptographic hash function and predictably failed. 3. Mass buzzwords: Quantum proof, ternary(!), Internet of Things, instant transactions, no fees! Everything is perfect! 4. They have no solution to spam. POW is the only cost to transactions but it's extremely low so dedicated computers can outspend everyone else. With the way the tangle works this in practice mean transactions won't be confirmed. 5. Their network doesn't even work properly with users trying or hours to get their transaction accepted by the network. There are more but I can't be bothered.