Transactions Per Second

[treer123]

why do people say it 7 per second maximum, and yet blockchain.info say it is over 80 atm?

[ladadadiweliketoparty]

Probably because blockchain.info has all the unconfirmed transactions as well? I don't know why it would have such a discrepancy but this is my best guess.

[SummonKing2]

Not so fast the bitcoin transaction in cash there are also days when transactions are settled. And transaction per second is a computer software and hardware measurement that represents the number of transactions completed in one second by an information system

[treer123]

I appreciate the help MrKing, but I would have more chance of understanding your answer if you had written it in japanese.

[crypto_Butterfly]

I appreciate the help MrKing, but I would have more chance of understanding your answer if you had written it in japanese.

You can translate it in Japanese through google translate.

[EcoChavCrypto]

why do people say it 7 per second maximum, and yet blockchain.info say it is over 80 atm?

The whole blockchain is only able to process 16 transactions per second MAX without any issues (no delay, no long waitings, no huge fees)

But that is the reason of why we are having more than 80 at the moment, and they were 120 by yesterday's night.

It is insane, two weeks ago they were not even 20 per second.

I dont know, but the whole blockchain can not support more than 16 per second.

[gentlemand]

The whole blockchain is only able to process 16 transactions per second MAX without any issues (no delay, no long waitings, no huge fees)

But that is the reason of why we are having more than 80 at the moment, and they were 120 by yesterday's night.

It is insane, two weeks ago they were not even 20 per second.

I dont know, but the whole blockchain can not support more than 16 per second.

Hmm. I thought the 'real' TPS was 2.7 pre segwit and segwit is a 1.7x increase in block size. As segwit is only 10% adopted it can't be more than early 3s in terms of present TPS. I could be completely and utterly wrong.

[treer123]

so what you are saying MrEco is that the chain can only do 16 MAX a second

but last night it done 120 a second?

thanks, that clears everything up



btw, are you Japanese?

[odolvlobo]

On average, a block is added every 600 seconds. Each block can hold up to 1000000 bytes. That means that up to 1666.7 bytes can be added to the block chain each second, on average.

The typical transaction is 226 bytes, and 1666.7 bytes can hold 7.4 transactions. So, 7.4 transactions is the maximum number of typical transactions per second, on average.

The actual maximum is lower for reasons that I don't want to get into, and I'm ignoring segwit because it complicates things.

Keep in mind that this is the average. It can be higher and it can be lower. Actually, the number of transactions per block is now around 1800 transactions because of segwit.

Also, I believe you are looking at unconfirmed transactions per second, which are theoretically unlimited. 7.4 is the maximum per second that can be confirmed, on average.