4 ms·
>Reports of Wall Street adopting it for settlement purposes seem slightly optimistic Here is just one example: (and I'm aware of many more pilot programs) htt
by blockchin 11y ago
>Reports of Wall Street adopting it for settlement purposes seem slightly optimistic
Here is just one example: (and I'm aware of many more pilot programs)
http://www.nasdaq.com/press-release/nasdaq-launches-enterprisewide-blockchain-technology-initiative-20150511-00485 http://www.nasdaq.com/press-release/nasdaq-launches-enterpri...
the 1MB blocksize limits are rapidly being tested. However with some of the recent proposals, blocksize would double every 2 years, so something like this:
2016 8MB 0.1Mb/s 26Tx/s
2018 16MB 0.2Mb/s 53Tx/s
2020 32MB 0.4Mb/s 106Tx/s
2022 64MB 0.9Mb/s 213Tx/s
2024 128MB 1.7Mb/s 426Tx/s
Right now there is a theoretical ceiling of 604,800 bitcoin transactions that could be undertaken every day. By 2016 that could be 2.2 million, by 2018 4.57 million, 2020 9 million , and 2024, 36 million.
There's a lot of space to grow and a lot of time to pass in which numerous innovations could come to existance, sidechains, lightning networks are a few 'transaction offloading schemes we've seen recently.
In addition, the blockchain proper only needs to be used as a periodic settlement platform, where tx's are farmed together into blocks. and not as a trading engine. (non PoW-based permissioned ledgers are a better fit for that)