4 ms·
> The aim, then, is to get to 100 new validators by 2020, and achieve something close to 1,000 transactions a second—roughly 200 times the sum Bitcoin can curre
by asaph 7y ago
> The aim, then, is to get to 100 new validators by 2020, and achieve something close to 1,000 transactions a second—roughly 200 times the sum Bitcoin can currently handle, and around half the capacity of Visa.
My reactions to the above:
1. 1000 transactions per second seems low. This doesn't feel very scalable to me.
2. Visa has capacity to handle only around 2000 transactions per second? I would have assumed it was higher. Matching or exceeding the capacity of Visa feels more within the reach of a startup than I thought.
- marviel 7y agoAfter some sleuthing, it appears the semi-theoretical TPS is closer to 24,000, though the average is around 2k. [1] https://usa.visa.com/run-your-business/small-business-tools/retail.html https://usa.visa.com/run-your-business/small-business-tools/...
- tryptophan 7y ago>1000 transactions per second seems low. This doesn't feel very scalable to me. Yeah, this seems like an issue to me too. It doesn't seem like they have gotten around the problem of "every node needs to verify every transaction". Than again it might not matter if every node is a beefy data center.
- mertd 7y agoUsually in these comparisons Visa/MC TPS figures are averages whereas crypto TPS are peak. Big difference.