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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Fleta the new Big Thing? on: November 09, 2019, 09:49:48 PM
Your point of view is old-fashioned, as you focus only on bitcoin and it is not true that the search for higher TPS is archaic as practically all projects are behind its search.
For example in bitcoin you can see projects such as lightning network that seek to increase the speed of transactions.
Besides it is not reinventing the wheel, new projects bring new advantages and benefits e.g. ethereum brought intelligent contracts which allows you to do endless things. All the projects created in ethereum have in fact contributed to the increase of bitcoin value and as new projects arise bitcoin will benefit.

You have to accept that bitcoin has many problems like the following:

1. High centralization of the mining capacity to such an extent that it is impossible for a common person to do bitcoin mining.

2. High transaction costs what makes that when buying a hamburger the commission can be higher than the same price of the hamburger, which makes the bitcoin a currency not useful for daily life, remaining only in use for investment.

3. Long waiting times to confirm transactions that in peaks reach up to 3 days.

I could go on enumerating more disadvantages of bitcoin and why new projects are necessary to make cryptocoins for daily use.

To conclude the search for a higher TPS is current and necessary for the cryptos to evolve.



The battle and comparison for high TPS is becoming too archaic. Since Bitcoin emerged in 2009, nearly 50% of altcoins have claimed to be the fastest. They might be first during testing but they usually fall short of promises when they go live and get deployed. One other thing to consider is that Bitcoin is arguably not the fastest but it's still top. Gone are the days people are chasing high TPS. Instead focusing on solving a problem that already hasn't been solved (I'm a developer and if there's one thing we hate is reinventing the wheel). Also building a useful use case is the way to go.
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