Actually since our blocks transactions are not full , we are only using 0.4 kB per block not the full 1meg per block , growth rate is ~ 1gig per year so far.
read:
(assuming it handles the same amount of transaction bitcoin is handling) having the potential is useless as long as it is not used.
having the capacity is worth nothing when nobody is using that capacity. you may as well have 0.4 kb block sizes.
thanks for the link and it proves what i said above. faster blocks means more orphans.
according to the chart the average orphan blocks of your coin in 10 days is
160-220 blocks and some days it goes up to
953 orphan blocks now those numbers are max
4 orphan blocks worst case scenario for bitcoin and an average of
0.5-1 orphan per 7 days according to blockchain.info charts.
in other words as a conclusion, with bitcoin you need to wait for 3+ confirmation to be sure and with a coin like above you need to wait at least 1000+ confirmation.
1000+ confirmations , LOL
I am sorry that is just wrong.
ZEIT has 2880 blocks per day , at an average of 180 orphans per day, that is still only 1 orphan every 16 blocks.
BTC actually generates on average 1.3 Orphans per Day.
So they generate an orphan every 110.76 blocks.
And BTC is Sooo Slow.
We have been at 4 confirmations for almost 3 years , no problems.
FYI:
you said
having the capacity is worth nothing when nobody is using that capacity. you may as well have 0.4 kb block sizes.
When we need the additional transaction capacity , it will be there, unlike BTC who can't even agree to go to 2mb .
And in the mean time we have a smaller blockchain. Win/Win
FYI2:
You do realize that the Chinese Miners can overwrite the last 12 hours of BTC transactions whenever they please.