Yesterday I read about how Komodo had outperformed Visa's TX/s rate. You can find the article that I read
here. This really got me thinking about the real world adoption of cryptocurrency and what we would need to do in order for payments via crypto to become widespread.
The GIST of that article is that Komodo successfully tested
10,000 TX/s which is equal to around
100,000 payments/s. In comparison to Visa's reported 1600 TX/s, this is a massive amount. The article goes on to talk about how this was achieved and then it glances over
adoption. I'm making this post to expand on the thought of adoption.
What is in the way of cryptocurrencies and widespread adoption?
If the currencies are faster than some of the most used forms of payment today, the what is stopping them from being used? Is there anything that we could do (or start) to spark the interests of people around the world? Are there any other projects that have been this successful in TX/s?
I believe that if we work together as a community we can start to bring cryptocurrencies to the real world for payments on a large scale.