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Bitcoin can handle just as many transactions per second as fiat currencies when used over the same centralized payment networks (e.g., credit cards, PayPal, ban
by olalonde 1y ago
Bitcoin can handle just as many transactions per second as fiat currencies when used over the same centralized payment networks (e.g., credit cards, PayPal, bank transfers). The key difference is that Bitcoin also provides a permissionless, decentralized settlement layer - something fiat currencies fundamentally lack. If you're comparing base layers directly, it's arguably 7 TPS (Bitcoin) vs. 0 TPS (fiat).