4 ms·

Bitcoin's 7tx/sec limit is too low for any mass adoption.

• bequanna 12y ago
  The '7t/sec' limit isn't that relevant at this point. Currently, average tx/second is closer to ~1. [1] Additionally, this limit isn't static. [2] It is pretty naive to think that the community isn't aware of this (non) issue. [3],[4] [1] https://blockchain.info/charts/n-transactions https://blockchain.info/charts/n-transactions [2] https://en.bitcoin.it/wiki/Scalability https://en.bitcoin.it/wiki/Scalability [3] https://bitcointalk.org/index.php?topic=608561.0 https://bitcointalk.org/index.php?topic=608561.0 [4] http://blog.bitcoinfoundation.org/a-scalability-roadmap/ http://blog.bitcoinfoundation.org/a-scalability-roadmap/
  • A_COMPUTER 12y ago
    I feel like most discussions of this ignore the downsides. You can increase the blocksize which will result in a higher theoretical transaction rate, but then you're burning more resources on orphan blocks , DDoS, etc. So while you can increase it, there are serious downsides to doing so past a certain point which still ends up being a lot lower than what's needed to have the acceptance level of Paypal.