News for hackers. Stuff that matters.

A comment on Litecoin and Ethereum buys and sells are temporarily disabled. Parent comment

Re:Litecoin and Ethereum buys and sells are temporarily disa... by umanwizard on Wednesday December 13, 2017 @05:04PM (#15918099)
Bitcoin can never achieve mainstream adoption since the transaction throughput is capped at 3 per second.

Maybe other technologies will, but Bitcoin cannot.

[ Parent | on HN ]
Re:Litecoin and Ethereum buys and sells are temporarily disa... by aggieben on Thursday December 14, 2017 @06:59PM (#15928573)
This is incorrect. Firstly, it's 10 per second. Secondly, it shouldn't be all that hard to imagine "side chains" or even "local-party networks" being built to handle transactions and use the underlying blockchain as a settlement mechanism. This is, as I understand it, how the lightning network works/will work, and I see no reason to think it wouldn't improve Bitcoin's adoption, which is already orders of magnitude better than other cryptos.
[ Parent | on HN ]
Re:Litecoin and Ethereum buys and sells are temporarily disa... by melq on Thursday December 14, 2017 @08:35PM (#15929049)
>Croman, Kyle; Eyal, Ittay (2016). "On Scaling Decentralized Blockchains" (PDF). doi:10.1007/978-3-662-53357-4_8. Retrieved December 10, 2017. The maximum throughput is the maximum rate at which the blockchain can confirm transactions. Today, Bitcoin’s maximum throughput is 3.3–7 transactions/sec [1].

1. http://www.comp.nus.edu.sg/~prateeks/papers/Bitcoin-scaling....

[ Parent | on HN ]