Nxt holding tightly.

[ðºÞæ]

Nxt holding tightly

So is Justin

[EvilDave]

Awww, what a little cutie that Justin is. 

But...can he turn over 464 transactions in 4 minutes ?



Take a look at these 2 blocks from NXTs blockchain:
Blocks 417719 and 417720 both contain a payload of 232 transactions each.....which is 464 tx in 240 seconds, without a hiccup.

This is one of the reasons why NXT is holding so well compared to the rest of the alt-coin market:
NXT technology is solid, and is actually being used right now.

[inBitweTrust]

Awww, what a little cutie that Justin is. 

But...can he turn over 464 transactions in 4 minutes ?

Take a look at these 2 blocks from NXTs blockchain:
Blocks 417719 and 417720 both contain a payload of 232 transactions each.....which is 464 tx in 240 seconds, without a hiccup.

This is one of the reasons why NXT is holding so well compared to the rest of the alt-coin market:
NXT technology is solid, and is actually being used right now.

This is actually a quite pathetic tps which bitcoin exceeds many times(Poisson process). I get what you are alluding to however with the faster confirmation times. A 20MB BTC block limit will allow much higher tps averages of up to 8400 but the user might need to wait for the confirmation to come through (or not). The bottom line is that both bitcoin and NxT shouldn't be bragging about those numbers as they are both unacceptable and pathetic and thus we need creative solutions like https://bitcointalk.org/index.php?topic=970822.0  to get up to 40k and higher tps to be competitive.

[Saltzman Alaric]

Awww, what a little cutie that Justin is. 

But...can he turn over 464 transactions in 4 minutes ?

Take a look at these 2 blocks from NXTs blockchain:
Blocks 417719 and 417720 both contain a payload of 232 transactions each.....which is 464 tx in 240 seconds, without a hiccup.

This is one of the reasons why NXT is holding so well compared to the rest of the alt-coin market:
NXT technology is solid, and is actually being used right now.

This is actually a quite pathetic tps which bitcoin exceeds many times(Poisson process). I get what you are alluding to however with the faster confirmation times. A 20MB BTC block limit will allow much higher tps averages of up to 8400 but the user might need to wait for the confirmation to come through (or not). The bottom line is that both bitcoin and NxT shouldn't be bragging about those numbers as they are both unacceptable and pathetic and thus we need creative solutions like https://bitcointalk.org/index.php?topic=970822.0  to get up to 40k and higher tps to be competitive.

+1 there isn't a single platform anywhere out there anyway, not from King BTC down to the lowliest alt and all in between that is offering a good solution that would scale.   

[EvilDave]

Have a look at:
https://en.bitcoin.it/wiki/Scalability
for a lot of good info

The NXT 2 TPS example above may not be the most exciting, but it is a good baseline.
I've seen various sources that claim that BTC can only handle 7 TPS, for example:
https://bitcointalk.org/index.php?topic=1347.0
https://bitcointalk.org/index.php?topic=608561.0
(or 30-35 TPS)

I'm kind of curious to know how many TPS other blockchains are actually achieving, not just theoretical figures.

[inBitweTrust]

Have a look at:
https://en.bitcoin.it/wiki/Scalability
for a lot of good info

The 2 TPS example above may not be the most exciting, but it is a good baseline.
I've seen various sources that claim that BTC can only handle 7 TPS, for example:
https://bitcointalk.org/index.php?topic=1347.0
https://bitcointalk.org/index.php?topic=608561.0
(or 30-35 TPS)

I'm kind of curious to know how many TPS other blockchains are actually achieving, not just theoretical figures.

Bitcoin averages 2-3 tps on the chain (much higher offchain) but every now and than spikes with full blocks that are confirmed in short order(Poisson process needs to be considered as 10 min confirmations isn't reflecting reality accurately).The 7tps figure is a theoretical average peak sustained max, but in reality bitcoin currently can only sustain 4-7 tps averages when many complex variables are considered.
Here is a very recent example- (spike of 25tps)
https://btc.blockr.io/block/info/354642
https://btc.blockr.io/block/info/354642

1260 on the block confirmations within 49 seconds or over 25 tps.

This is nothing to brag about though and is pathetic.

[EvilDave]

Yup....everyone (BTC, NXT, whatever...) just can't hold a candle (by orders of magnitude) to Visa's 47,000 TPS:
http://www.visa.com/blogarchives/us/2013/10/10/stress-test-prepares-visanet-for-the-most-wonderful-time-of-the-year/index.html
Admittedly, they pulled that number in a stress test, but that was about 18 months ago, so their current peak capacity is probably higher.

[Sebastien256]

Awww, what a little cutie that Justin is. 

But...can he turn over 464 transactions in 4 minutes ?

Take a look at these 2 blocks from NXTs blockchain:
Blocks 417719 and 417720 both contain a payload of 232 transactions each.....which is 464 tx in 240 seconds, without a hiccup.

This is one of the reasons why NXT is holding so well compared to the rest of the alt-coin market:
NXT technology is solid, and is actually being used right now.

This is actually a quite pathetic tps which bitcoin exceeds many times(Poisson process). I get what you are alluding to however with the faster confirmation times. A 20MB BTC block limit will allow much higher tps averages of up to 8400 but the user might need to wait for the confirmation to come through (or not). The bottom line is that both bitcoin and NxT shouldn't be bragging about those numbers as they are both unacceptable and pathetic and thus we need creative solutions like https://bitcointalk.org/index.php?topic=970822.0  to get up to 40k and higher tps to be competitive.

+1 there isn't a single platform anywhere out there anyway, not from King BTC down to the lowliest alt and all in between that is offering a good solution that would scale.   

What tps can handle BTC and all alts coins combine? I don't think tps limitation of bitcoin or any others alts is a real issue for the adoption of cryptocurrency. There is more than one p2p network than can validate transaction. In the end, that is what count, imo. Thus, it might not be necessary to compare to visa tps. Services like shapeshift make tps not an issue anymore.