2 ms·
> you get one transaction per five years Isn't it per 89 years? So basically every person gets one transaction in their lifetime. (If we are generous and allow
by FabHK 5y ago
> you get one transaction per five years
Isn't it per 89 years? So basically every person gets one transaction in their lifetime. (If we are generous and allow for 5 transactions per second, then everyone can make 2 transactions in their lifetime. Yay!) That is rather remarkable.
(1500 transactions/block * 6 block/h * 24 h/d * 365 d/y / 7e9 person = 1/89 transactions per person per year)
- UncleMeat 5y agoI grabbed some page that claimed 7 transactions per second and also did the math wrong. Not sure how that happened. This is the big reason why I don't buy the lightning network. It won't be possible for people to have a wallet that connects to some lightning hub, since opening and closing a connection requires an on-chain transaction. So it will be impossible for anybody other than the richest few to even possess a useful wallet. Everybody else will have bits in a database they don't control.