3 ms·
The amount of transactions performed by bitcoin is laughably low. It performs around 10 transactions per second. This is not even enough to handle the transacti
by mytherin 7y ago
The amount of transactions performed by bitcoin is laughably low. It performs around 10 transactions per second. This is not even enough to handle the transactions of a small city, yet it consumes as much electricity as an ENTIRE large city. If the banking industry was anywhere close to this inefficient it would be responsible for almost all CO2 emissions worldwide.
- knocte 7y agoLook into layer2 technologies (e.g. Lightning network), scalability is a solved problem.