3 ms·
Given the capacity of the BTC blockchain, if everyone one earth finally adopted BTC (as some people dream about), everyone could get in about one transaction in
by FabHK 5y ago
Given the capacity of the BTC blockchain, if everyone one earth finally adopted BTC (as some people dream about), everyone could get in about one transaction in their lifetime.
(3 tx/sec = 3 tx/sec * 31m sec/a = 100m tx/a = 10bn tx/100a, so the network supports 10 bn transactions in about 100 years, and there are about 10bn people on earth, each living around 100 years.)
- arcticbull 5y agoThis is also one of the reasons Lightning is not a viable scaling solution. If you don't get your LN channel open soon, you'll be waiting until the year 2120. This will also of course consume 100% of the remaining block reward and almost a trillion dollars in electricity. That, and the quadratic routing complexity.