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Author Topic: Ripple Ledger Can Sustain 1000 Transactions per Second  (Read 1627 times)
God27
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February 28, 2017, 08:16:52 PM
 #1

Ledger Can Sustain 1000 Transactions per Second

https://ripple.com/xrp-portal/xrp-resources/ripple-consensus-ledger-can-sustain-1000-transactions-per-second/

Before you reply, we all know your hatred of ripple and why you think it's just a waste of time and energy.

Cheers!

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February 28, 2017, 11:31:22 PM
 #2

Still centralized. Even if it has some successes, it won't translate into profit for investors. So only the ripple company and those who use their services wins, therefore i don't see an incentive to invest in it.
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March 01, 2017, 02:04:45 AM
 #3

But how does it attain consensus? No real decentralized platform can reach that at the present technology we have on blockchains and distributed ledgers. Mining1 is right it is centralized. It is not the same banana with many of the cryptocoins here.

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March 01, 2017, 08:34:06 AM
 #4

Ledger Can Sustain 1000 Transactions per Second

https://ripple.com/xrp-portal/xrp-resources/ripple-consensus-ledger-can-sustain-1000-transactions-per-second/

Before you reply, we all know your hatred of ripple and why you think it's just a waste of time and energy.

Cheers!
Crap as an investment, but may have other possible uses.

What do you think these uses might be?
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March 01, 2017, 09:04:03 AM
 #5

I have these theory, I think he opens this thread to attract more interest in the project and dump his token and exit his position. I don't understand why people do trade this coin because it is against what crypto stands for. I can see another dogecoin in making here.

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March 01, 2017, 09:54:09 AM
 #6

Dash is sorta like Ripple, in this respect, ig u look at the UNL for ripple and centralised servers of dash...i feel how to be a dash processor is much clearer and fair.

how to be a UNL?Huh?

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March 01, 2017, 03:11:25 PM
 #7

I have these theory, I think he opens this thread to attract more interest in the project and dump his token and exit his position. I don't understand why people do trade this coin because it is against what crypto stands for. I can see another dogecoin in making here.

Nah, but I understand your theory, that's pretty much this site's history.

Ripple still has 62 billion tokens to sell at their discretion. I do have XRP's but not selling them in the foreseeable future.

Dogecoin lol

God27
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March 01, 2017, 03:16:12 PM
 #8

Ledger Can Sustain 1000 Transactions per Second

https://ripple.com/xrp-portal/xrp-resources/ripple-consensus-ledger-can-sustain-1000-transactions-per-second/

Before you reply, we all know your hatred of ripple and why you think it's just a waste of time and energy.

Cheers!
Crap as an investment, but may have other possible uses.

What do you think these uses might be?

One use case could be the interoperable ledger between several bank's own centralized ledgers without a digital asset when sending each other value more efficiently while cutting cost at the same time.

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March 01, 2017, 03:31:07 PM
 #9

WBB can hit 10k per second lol what's your point?

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March 01, 2017, 06:19:06 PM
 #10

Your facts are correct OP but what is your point to spam message board?  THis fact is all over internet. 

I wouldn't call one post in the alt coin section spamming the message board. Ripple itself isn't even all over the internet so I doubt this update is.

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March 01, 2017, 06:20:22 PM
 #11

WBB can hit 10k per second lol what's your point?

Just a nice update. I didn't know about WBB, that's nice.

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March 01, 2017, 06:51:39 PM
 #12

I don't see a point here, 1000 transaction per second is not world record or anything. Bitcoin is much slower, true, but bitcoin has store value potential Ripple hasn't.

Centralized online money payment processors have much more capabilities than mere 1000 tx/s. VISA has a peak capacity of around 56,000 transactions per second, beat that first.
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March 01, 2017, 08:32:08 PM
 #13

But how does it attain consensus? No real decentralized platform can reach that at the present technology we have on blockchains and distributed ledgers. Mining1 is right it is centralized. It is not the same banana with many of the cryptocoins here.
Ripple's technology can. The test used geographically diverse validators. The validators could have been operated by any combination of organizations. A live, decentralized network would have reached almost exactly the same limits.

Unlike mining, the consensus process isn't significantly affected by the number of transactions per second. Validators propose groups of transactions by the hash of the tip of the Merkle tree that includes them and other validators do not have the perverse incentive of gaining a benefit by locking out other validators.

Quote from: maku
I don't see a point here, 1000 transaction per second is not world record or anything. Bitcoin is much slower, true, but bitcoin has store value potential Ripple hasn't.

Centralized online money payment processors have much more capabilities than mere 1000 tx/s. VISA has a peak capacity of around 56,000 transactions per second, beat that first.
That's not really an apples to apples comparison. Sure, if you don't want a decentralizable, public ledger system then you can build private, inherently centralized systems that are faster. I don't think we'll see, for example, high-frequency trading on a decentralized public ledger in the foreseeable future.

Also, if you're going to compare Ripple to systems like VISA, you should compare Ripple with the additional layers that scale it such as payment channels. And when you look at scaling, it's essentially a multiplication of the base ledger's capability -- and it matters what number you're multiplying.

But I also think there's another point that's important. Nobody needs 1,000 transactions on a public ledger today. When you have way more performance than you need, you can trade it for other things that you do need.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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March 01, 2017, 09:18:02 PM
 #14

whats the best site to sell bitcoin
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March 01, 2017, 11:19:31 PM
 #15

whats the best site to sell bitcoin
I'm not sure why you're asking on this thread. But you should specify how you want to sell (online? in person? for cash?) and where you are located. In the United States, to sell for cash wired into your bank account, coinbase is excellent. To sell for cash in person or for things like Amazon gift cards, look at localbitcoins.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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March 01, 2017, 11:41:59 PM
 #16

Ripple is very undervalued due to a vast majority of people not understanding how it will be implemented with banks.
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March 02, 2017, 01:22:23 AM
 #17

But how does it attain consensus? No real decentralized platform can reach that at the present technology we have on blockchains and distributed ledgers. Mining1 is right it is centralized. It is not the same banana with many of the cryptocoins here.
Ripple's technology can. The test used geographically diverse validators. The validators could have been operated by any combination of organizations. A live, decentralized network would have reached almost exactly the same limits.


I do not understand. You say that it can but all you mentioned is that it was only tested to do it. The test can be a controlled environment while using it for real might come up with difficulty and complications.

In the test how many validators did it have and what will be the incentive of the validators in a real production setting?

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March 02, 2017, 09:25:19 AM
 #18

You should read the link in the first post... Roll Eyes

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March 02, 2017, 11:35:13 AM
 #19

Ledger Can Sustain 1000 Transactions per Second




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March 02, 2017, 11:40:55 AM
 #20

Ledger Can Sustain 1000 Transactions per Second

Since it's centralized, that's not even a huge number.
There are plenty of altcoins that can sustain good numbers, you could have at least found one that's not centralized... Centralized coins are no better than VISA.


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