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It's not possible to replace fiat currency with bitcoin because the transaction rate (# of tx/s) of the bitcoin ledger is far too slow (5tx/s). https://hacker
by frei 7y ago
It's not possible to replace fiat currency with bitcoin because the transaction rate (# of tx/s)
of the bitcoin ledger is far too slow (5tx/s).
https://hackernoon.com/the-blockchain-scalability-problem-the-race-for-visa-like-transaction-speed-5cce48f9d44 https://hackernoon.com/the-blockchain-scalability-problem-th...
- eloff 7y agoThere are solutions to that, I wouldn't go so far as to say it's not possible. But I don't advocate for it or think it's in any way going to happen either.