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Author Topic: How many transactions are perform per second with Bitcoin?  (Read 2407 times)
Deep BTC (OP)
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March 03, 2017, 11:04:40 PM
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Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?
amaclin
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March 03, 2017, 11:07:28 PM
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Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?
3-5 tx/sec in average
Jannn
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March 03, 2017, 11:16:23 PM
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Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?
Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability
Deep BTC (OP)
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March 03, 2017, 11:17:30 PM
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Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?
3-5 tx/sec in average

Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?
Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability


Can the improvements be made on the protocol when the bitcoin system is being used more intensively in the future?
digaran
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March 03, 2017, 11:19:34 PM
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Visa doesn't print money only processes the transactions but bitcoins are generated during the process, there is a huge difference.
I don't know why people compare these things.
If segwit activates more than 7 can be done.

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amaclin
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March 03, 2017, 11:30:23 PM
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Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability
No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.
Deep BTC (OP)
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April 02, 2017, 09:22:51 PM
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Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability
No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.

Can this value be increased when the bitcoin system is used more intensively in the future? Is such a change needed? If there is such a requirement, can the protocol be improved?
cr1776
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April 02, 2017, 10:04:21 PM
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Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability
No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.

Can this value be increased when the bitcoin system is used more intensively in the future? Is such a change needed? If there is such a requirement, can the protocol be improved?

Yes, it can be increased. Larger blocks, SegWit, lightning are methods of doing so.  There are lots of options.

Needed? That is a question you'd get many different answers to, depending on who you ask.
Deep BTC (OP)
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April 03, 2017, 05:27:04 PM
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Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability
No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.

Can this value be increased when the bitcoin system is used more intensively in the future? Is such a change needed? If there is such a requirement, can the protocol be improved?

Yes, it can be increased. Larger blocks, SegWit, lightning are methods of doing so.  There are lots of options.

Needed? That is a question you'd get many different answers to, depending on who you ask.

Transactions in the Bitcoin system are confirmed for a minimum of 10 minutes. So the transactions like visa does not have to be confirmed immediately.
Could such a change have not been made due to these features?
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