How many bitcoin transactions per second can the blockchain handle? I just read this morning that its about 6/sec but in reality even less. Is there anything that can be done to increase this?
Historically, a bitcoin block had a maximum size of 1 Mb, an average transaction has a size of 226 bytes...
So, historically, on average, the network could handle ~4,5 transactions per seconds...
Now, segwit has come into the picture...
https://medium.com/@jimmysong/understanding-segwit-block-size-fd901b87c9d4Basically, the witness data is not sent to legacy nodes, making the transactions smaller and allowing more transactions to fit into a single block.