4 ms·

Wait, is BTC really only doing 4 transactions a second? I knew it was bad, but I didn't realize this bad. Bitcoin is like a 1960s mainframe computer in an old

Wait, is BTC really only doing 4 transactions a second? I knew it was bad, but I didn't realize this bad. Bitcoin is like a 1960s mainframe computer in an old bank headquarters that runs everything but is an archaic relic.

UncleMeat 5y ago
Yes. There was a big argument several years back about increasing transaction counts and the "more transactions please" advocates lost. BTC, by design, targets roughly this number of transactions per second regardless of how much energy is spent to mine.
- seanw444 5y ago
  Isn't this the reason for the Lightning network layer?
  - UncleMeat 5y ago
    It is. There are some people who believe that lightning causes a "worst of both worlds" situation where you are reliant on intermediate processors for everything and the network still emits gobs of CO2.
    - qecez 5y ago
      This is wrong. Lightning Network transactions are 100% non-custodial.