Re:No Bitcoin-based protocol can handle more than 20M users ...
by cgb223 on Sunday October 08, 2017 @03:58PM
(#15429693)
How many transactions per second can Bitcoin cash clear with a block size of 8 mb then?
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Re:No Bitcoin-based protocol can handle more than 20M users ...
by FabHK on Sunday October 08, 2017 @05:00PM
(#15429973)
BTC can do about 7 (small) transactions per second (more with SegWit), and BCC then presumably around 50 per second.
(By comparison, Visa does close to 2000 transactions per second on average, and can handle 20000 peak.)
Re:No Bitcoin-based protocol can handle more than 20M users ...
by rothbardrand on Sunday October 08, 2017 @06:37PM
(#15430418)
That's impossible when bcash doesn't make blocks for 12 hours at a time.
Re:No Bitcoin-based protocol can handle more than 20M users ...
by FabHK on Sunday October 08, 2017 @07:07PM
(#15430543)
True, though difficulty will adjust in the long run.
Re:No Bitcoin-based protocol can handle more than 20M users ...
by cgb223 on Sunday October 08, 2017 @05:56PM
(#15430215)
How many users does Visa have compared to BTC and BCC?
Re:No Bitcoin-based protocol can handle more than 20M users ...
by curyous on Sunday October 08, 2017 @05:11PM
(#15430020)
Over time as tech gets better, Bitcoin can handle more than 20M users without layer 2 services.
Re:No Bitcoin-based protocol can handle more than 20M users ...
by cgb223 on Sunday October 08, 2017 @05:56PM
(#15430212)
Can you expand on this a bit?
What tech has to get better exactly?
Re:No Bitcoin-based protocol can handle more than 20M users ...
by rothbardrand on Sunday October 08, 2017 @06:38PM
(#15430424)
I would really suggest reading the release notes from the past two years of core development. Every release has included an optimization of one kind or another. They have been scaling all along, and Segwit is really a bundling of dozens, maybe hundreds of optimizations that needed a softfork, plus segwit itself.