50,000 Tx per second @ zero transaction fees! Wow, compare that to Bitcoin or Visa.
- Bitcoin can only process 7 transactions per second at its current conditions.
- Visa is capable of handling more than 24,000 transactions per second according to visa.com, but not without transaction fees!
Bitcoin is going to be much more like gold than Visa. Bitshares, BitUSD, Steem Dollars, EOS etc. are going to be much better ways to carry out normal economic activity on a block chain.
That certainly seems to be what's happening. I'm anxious to see whether the proposed changes to Bitcoin, in the Bitcoin Scaling agreement actually make it better or worse.
@johnsmith, University of Sydney's new Blockchain could reach over 440,000 transactions per second > https://steemit.com/steemit/@blockrush/440-000-transactions-sec-blockchain-by-university-of-sydney-blockrush
going fast like this? ;} signed up to get stay informed in getting latest updates for that EOS Token sale
But I thought I saw 300,000 tx/s in the EOS presentation a month ago?
At this point, bitcoins transaction fees aren't much better than visa's (right this moment, mycelium suggests a $1.81 fee to send $10 worth of Bitcoin). And even when it's not congested, it's definitely a lot slower than visa. :-(
@dantheman thanks so much for sharing. You are a legend. I want to get in touch with you again with regards to a project
@penguinpablo, University of Sydney's Blockchain could reach over 440,000 transactions per second > https://steemit.com/steemit/@blockrush/440-000-transactions-sec-blockchain-by-university-of-sydney-blockrush