Re:Bitcoin – Potential Network Disruption on July 31st
by zby on Thursday July 13, 2017 @11:35AM
(#14762158)
The numbers are about throughput. Bitcoin has 7 TPS throughput and VISA has 50K TPS (peak) throughput.
With regard to latency bitcoin is still worse in practical applications - because VISA confirms a transaction immediately even if as you write it settles after 15 days - while bitcoin more or less settles after and an hour - but the first confirmation you get only after about 10 minutes.
With regard to latency bitcoin is still worse in practical applications - because VISA confirms a transaction immediately even if as you write it settles after 15 days - while bitcoin more or less settles after and an hour - but the first confirmation you get only after about 10 minutes.