3 ms·

Bitcoin processes, as a maximum dictated by technological choices, 2-3 transactions per second. Each transaction is around a few hundred bytes.

• tenuousemphasis 5y ago
  Luckily Bitcoin has second layer systems being built on top of it, which allow it to leverage that 2-3 on-chain transactions per second to process thousands of millions more transactions off chain either through decentralized systems like Lightning or centralized custodial wallets.
  • user-the-name 5y ago
    Second layer solutions that do not actually work and that rely on solving unsolved problems in computer science to actually get working at scale.
    • fastball 5y ago
      Lightning is being used right now. In what way does it not work?