4 ms·
It's way easier to have a centralized system than decentralized one. Bitcoin in it' current form can handle around 7 transactions per seconds, and scaling it up
by dpc_pw 11y ago
It's way easier to have a centralized system than decentralized one. Bitcoin in it' current form can handle around 7 transactions per seconds, and scaling it upwards is costly. 7 transcations per seconds is laughably small number. Your smartphone using LTE connection could serve 7 transcations per seconds as trusted centralized server.
- thescriptkiddie 11y agoI'm not sure where you're getting the 7 TPS number. Satoshidice alone is responsible for more than that. It's trivial for anyone to send hundreds of transactions per second if you're willing to pay the miner fees.
- dpc_pw 11y ago"Today the Bitcoin network is restricted to a sustained rate of 7 tps due to the bitcoin protocol restricting block sizes to 1MB. " https://en.bitcoin.it/wiki/Scalability https://en.bitcoin.it/wiki/Scalability