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How are there enough transactions on Solana to get to 4500 per second? How is there possibly enough demand on a crypto network to be remotely in the same leagu
by fallingknife 4y ago
How are there enough transactions on Solana to get to 4500 per second? How is there possibly enough demand on a crypto network to be remotely in the same league as visa? I don't buy it.
- wmf 4y agoWash trading bots can create as much volume as you want.
- TimJRobinson 4y agoA lot of Solanas throughput is consensus messages between validators. But finance in general is many orders of magnitude more TPS than visa. Think about high frequency trading of derivatives of all sorts of things, and all the tiny arbitrages that can be done over all the exchanges when fees are cents. Those can easily multiply to thousands of TPS.
- nailer 4y agoThat’s literally what Sol was designed to do. Plus taking 20% of all NFT traffic in a year is a huge part of it. Even with consensus messages removed Sol still does more transactions than all the L2s combined.