4 ms·
4 transactions per second is not very many. 8 gigawatts is a lot.
by asdionio 8y ago
4 transactions per second is not very many.
8 gigawatts is a lot.
- wmf 8y agoBut that's an artificial limit that has nothing to do with POW.
- asdionio 8y agoSo you move to Bitcoin Cash, which can do 60 transactions a second. Big deal. It's still orders of magnitude slower than it has to be to be useful. Blockchains don't scale. Period. If you know of a way to make them scale, publish it and you'll find instant fame and fortune. The power consumption will continue to increase, and that is purely the fault of POW.
- wmf 8y agoBlockchains don't scale. Period. If that's your position then changing the POW won't help. (I know no one cares, but there could be a pragmatic scaling path where you increase on-chain throughput while you do sharding/layer 2 research.)
- icelancer 8y ago>> Blockchains don't scale They don't need to scale linearly with off-chain transmissions acting as a secondary transmission network.
- constantlm 8y agoDoes segwit and (eventually) lightning not solve the TX shortcoming?