3 ms·
Right. That’s what Satoshi wrote in their paper. But throughput and fees are related, of course. As I noted, low transaction throughput combined with high popu
by Robotbeat 5y ago
Right. That’s what Satoshi wrote in their paper.
But throughput and fees are related, of course. As I noted, low transaction throughput combined with high popularity means very high fees. Fees get bid up. So to maintain low fees while having high popularity, you need high transaction throughput.
- saalweachter 5y agoHmmm, working the other way, if your goal is to process 100k transactions / second, with each transaction being 1/100th of a cent and your transaction fees being 1/100th of that, your budget for operating your network would be, what, $3M / year?
- Robotbeat 5y agoTrue centi-cent microtransactions like that is going to need probably tens of millions (or even billions) of transactions per second.