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Title: 7 transactions per second..... is not enough, will it be de end of btc? Post by: donbu7 on January 04, 2017, 06:00:34 PM Only 7 transactions per second can BTC process, in order for the survival of BTC needs to be increase by hundreds, and I think it can be increase so will that be the begining of the end of BTC?
Title: Re: 7 transactions per second..... is not enough, will it be de end of btc? Post by: Paashaas on January 04, 2017, 06:17:19 PM Bitcoin needs extra layers ontop of the current network like the Lightning Network, the tps will move up with hunderds of thousands and more.
Bigger blocks are good but not enough to make it useable for millions of people. 1 Gig blocks are needed but atm sitting at 1mb we will need LN. Title: Re: 7 transactions per second..... is not enough, will it be de end of btc? Post by: pitham1 on January 04, 2017, 11:36:00 PM Only 7 transactions per second can BTC process, in order for the survival of BTC needs to be increase by hundreds, and I think it can be increase so will that be the begining of the end of BTC? When Segwit does get implemented, this will improve. In the future, I am hopeful of consensus on increasing the block size as well. But I don't think that the block size dispute will be the end of BTC. The price doesn't seem to indicate so. :) |