Re:Coinbase Commerce: merchants can accept multiple digital ...
by hobofan on Thursday February 15, 2018 @08:08AM
(#16383666)
> To clarify, yes, some mined blockchains feel faster now simply because they are less busy.
Yes, and for now it's not proven in practice that Nano will also stay responsive when it hits the same scale/busyness.
Re:Coinbase Commerce: merchants can accept multiple digital ...
by joeyrideout on Thursday February 15, 2018 @08:31AM
(#16383823)
Fair enough. In theory Nano's design can handle something like O(2^n) transactions per second where n is the number of nodes, while mined blockchains can handle O(n) transactions per second where n is roughly the block rate multiplied by block size. In practice who knows. The former has a fighting chance, at least.
Edit: To clarify, yes, some mined blockchains feel faster now simply because they are less busy. They are still doomed to Bitcoin's fate at scale unless distributed systems techniques like sharding (or Nano's block lattice) are used. I'm not saying that the less busy blockchains are any better.