3 ms·
7tps is achievable only when every transaction has a single input and a single output. Real transactions are not like that, not by far. People do not include e
by sharpneli 12y ago
7tps is achievable only when every transaction has a single input and a single output. Real transactions are not like that, not by far.
People do not include enough transaction fee. I just clicked open a block with most transactions on the recent list on blockchain frontpage https://blockchain.info/block/000000000000000017f4d893e29b1e5b0ba5d65d0416aed997afbf836c63f17c https://blockchain.info/block/000000000000000017f4d893e29b1e...
+.1715506 worth of transaction fees. That's by far not enough to support a decent mining rate. In order to support current mining rate a single block must have roughly 25BTC wort of transactions fees.