Stop Using "Transactions Per Second:" Bitcoin’s More Than ...

Hedera Hashgraph

Hedera Hashgraph is a decentralized public network where developers can build secure, fair applications with near real-time consensus.
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DigiByte: More Secure, Faster & Forward Thinking

DigiByte is more than a faster digital currency. It is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.
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Vcash

Vcash
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Vitalik Buterin Says Ethereum Must Reach 100000 Transactions Per Second, Bitcoin May Remain Solely a Store of Value - The Daily Hodl

Vitalik Buterin Says Ethereum Must Reach 100000 Transactions Per Second, Bitcoin May Remain Solely a Store of Value - The Daily Hodl submitted by ulros to fbitcoin [link] [comments]

Stop Using “Transactions Per Second:” Bitcoin’s More Than That

Stop Using “Transactions Per Second:” Bitcoin’s More Than That submitted by MundoMoedas to Cryptochillout [link] [comments]

Overcoming The 7 Transactions Per Second Bitcoin Limit

Overcoming The 7 Transactions Per Second Bitcoin Limit submitted by bit_square to Bitcoin [link] [comments]

09-27 20:07 - 'Dash solves some of the problems Bitcoin's currently facing like fungibility and scalability. The Dash network can compete with VISA when it comes to the number of transactions per second. Bitcoin has a big transaction bottl...' by /u/JuicyGrabs removed from /r/Bitcoin within 73-78min

'''
Dash solves some of the problems Bitcoin's currently facing like fungibility and scalability. The Dash network can compete with VISA when it comes to the number of transactions per second. Bitcoin has a big transaction bottleneck curently Fungibiity is another important aspect. You want all coins to be worth the same. Currently some Bitcoins are worth more than others depending on their past transaction history and this is not sustainable.
'''
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Author: JuicyGrabs
submitted by removalbot to removalbot [link] [comments]

Visa 2,000 and Mastercard 1,000 transactions per second Bitcoin less than 7

The bitcoin transaction rate would have to increase 200 times to get the the Mastercard rate, but that would require 200 megabytes per block not just 20 as in the upcoming fork. Evidently all these technical problems are solvable read here:
https://en.bitcoin.it/wiki/Scalability
What about the USD? How many transactions per second happen there? Couldn't find that data but it must be many many multiples of the Mastercard rate. So to get to reserve currency we have a long way to go. On the optimistic side this is all room for improvement.
I suggest we try to get the bitcoin developers to expand the network at the rate of 10x per year for a few years, just in case we need it. But another suggestion: How about cutting out those messages used to store virus definitions? Any of the developers available for an interview?
submitted by rberrtus to rBitcoin [link] [comments]

Why does bitcoin allow only 4 transactions per second?

submitted by Careless_Conflict to Bitcoin [link] [comments]

08-02 13:25 - 'Introducing BitcoinRedis' (self.Bitcoin) by /u/BitcoinRedis removed from /r/Bitcoin within 9-19min

'''
BitcoinRedis is LOGLESS FEELESS bitcoin transfer system BitcoinRedis can procces from 1,000 to 10,000 transactions per second BitcoinRedis mision to accelate bitcoin adoption and usage [**[link]2
'''
Introducing BitcoinRedis
Go1dfish undelete link
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Author: BitcoinRedis
1: www*b*tco*nr**is.com/ 2: *ww.b*tcoinredi*.*om***]^^*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

“The ridiculous notion of 'must have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralization — Oh, but we can only do 4 transactions per second' and yes, I’m talking about Bitcoin.”

“The ridiculous notion of 'must have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralization — Oh, but we can only do 4 transactions per second' and yes, I’m talking about Bitcoin.” submitted by ColinTalksCrypto to btc [link] [comments]

Source for the Bitcoin Lightning Network transactions per second?

Are there any website sources that cover the transaction count per node/per channel (or for the entire network) for a giving period of time on the Bitcoin Lightning Network (ie...transactions per second)? I’ve found a lot of websites with a lot of statistics, but nothing covering that. Thanks y'all.
submitted by _fijimermaid to Bitcoin [link] [comments]

“The ridiculous notion of 'must have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralization — Oh, but we can only do 4 transactions per second' and yes, I’m talking about Bitcoin.”

“The ridiculous notion of 'must have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralization — Oh, but we can only do 4 transactions per second' and yes, I’m talking about Bitcoin.” submitted by ColinTalksCrypto to Bitcoincash [link] [comments]

$bitsjayjay on Twitter: "MainNet #BSV Test via @MetaStreme Block: 640751 Total Transactions: 761,513 Transactions Per Second: 601.28 Blocksize: ~163MB Total Fees (BSV): 0.81805694 Total Fees (USD): $145.82 Miner: @svpoolmining #Bitcoin means #Business Explorer: https://t.co/7Xxv6eNHA0…

$bitsjayjay on Twitter: submitted by thacypha to bitcoinsv [link] [comments]

Enfin des infos sur la monnaie (Ca)Libra de facebook. Vos avis/analyses ?

monnaie Libra
Facebook announces Libra cryptocurrency: All you need to know | TechCrunch https://techcrunch.com/2019/06/18/facebook-libra/
Facebook confirms it will launch a cryptocurrency called Libra in 2020 - The Verge https://www.theverge.com/2019/6/18/18682290/facebook-libra-cryptocurrency-visa-mastercard-digital-currency-calibra-wallet-announce
Facebook Cryptocurrency: Calibra’s Privacy Implications | Fortune http://fortune.com/2019/06/18/facebook-cryptocurrency-libra-privacy/
Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy https://thenextweb.com/hardfork/2019/06/18/facebooks-libra-cryptocurrency-monetary-policy-calibra-blockchain/
Facebook's New Coin: 5 Things to Know About Project Libra | Fortune http://fortune.com/2019/06/18/facebook-project-libra-crypto-coin-cryptocurrency-how-it-works/
Libra White Paper | Blockchain, Association, Reserve https://libra.org/en-US/white-pape Factbox: Facebook's new cryptocurrency Libra and digital wallet Calibra - Reuters https://www.reuters.com/article/us-facebook-crypto-facts/factbox-facebooks-new-cryptocurrency-libra-and-digital-wallet-calibra-idUSKCN1TJ0U3?feedType=RSS&feedName=technologyNews
Calibra | Digital Wallet for Libra Cryptocurrency https://calibra.com/#newsletter
Cryptomonnaie Libra : Bruno le Maire a des questions, voici des réponses https://www.numerama.com/politique/527114-cryptomonnaie-libra-bruno-le-maire-a-des-questions-voici-des-reponses.html
Chair of the House Financial Services Committee says Facebook should halt development of Libra until Congress investigates, calls on Facebook execs to testify (Makena Kelly/The Verge) https://www.theverge.com/2019/6/18/18684268/facebook-libra-cryptocurrency-stop-congress-house-democrat-maxine-waters-regulation
While Facebook's Libra plays at decentralization, it is still entrenched in Facebook, and using it means trusting Facebook, which is a hard sell in 2019 (Russell Brandom/The Verge) https://www.theverge.com/2019/6/18/18683867/facebook-cryptocurrency-libra-calibra-trust-banking
The Facebook-backed Libra Association contains no major banks in its initially announced group of partners (Mike Dudas/The Block) https://www.theblockcrypto.com/2019/06/18/where_are_the_banks/
Details and explanations from Daily Tech News Show 3555 """WHAT IS IT Facebook announced that it will launch its Libra cryptocurrency in first half of 2020.
Facebook is running it and building it through end of the year. Plans to hand it over to the nonprofit Libra Association."""
"""WHO'S RUNNING IT Libra Association - 28 partners Headquarters in Geneva, Sitzerland Includes Facebook's Calibra, Coinbase, Mastercard, Visa, eBay, PayPal, Stripe, Spotify, Uber, Lyft, Vodafone, Womens World Banking, and Kiva.
"""WHAT DOES FACEBOOK GET OUT OF IT? Facebook's Part - Calibra
AND?
Facebook’s VP of blockchain, David Marcus “If more commerce happens, then more small businesses will sell more on and off platform, and they’ll want to buy more ads on the platform so it will be good for our ads business.”
"""How PRIVATE IS IT? PRIVACY
-- anyone who signs up must share a government ID and other personal information.
CHALLENGES
"Avis de Patrick Beja: Ce n'est pas un produit Facebook. Totalement Open Source, FB n'a pas plus de contrôle sur le projet que les dizaines d'autres membres. Une monnaie virtuelle est une composante nécessaire de la prochaine évolution de Facebook déjà détaillée par Zuck : les ""super apps""."
Quels sont vos avis & analyses ?
Merci,
submitted by GrenobleLyon to vosfinances [link] [comments]

All About BitShares [BTS]

All About BitShares [BTS]
source: https://medium.com/@AtomarsExchange/all-about-bitshares-bts-4ba242ec018b

What is Bitshares?

Bitshares is a decentralized cryptocurrency exchange that forms part of the Microsoft Azure blockchain. It was created in 2014 as a brainchild of CTO Dan Larimer, who is also the co-founder of Steem and EOS, along with Charles Hoskinson, co-founder of Ethereum and Cardano. Just like Steem, Bitshares uses a Graphene layer and is part of the most active blockchains on the market.

https://preview.redd.it/24w3wvs7cnx31.png?width=1538&format=png&auto=webp&s=bebcd1ac216a4309b658d99b33a019fb4b81b1af

Introduction to Bitshares (BTS)

Bitshares has gone ahead to the forefront of the battle to regulate cryptocurrencies. The Securities and Exchange Commission has been reviewing Ethereum and Bitcoin to determine what differentiates a crypto token acting as a security. Many crypto exchanges are in a mad rush to submit the proper forms to get SEC approval and some are pulling out of the U.S market completely.
The subject of cryptocurrencies as a security, commodity or currency is being debated for many of the top 100 cryptos. In the U.S., regulators like SEC and DOJ are being careful to research and classify cryptos, blockchains, ICOs and exchanges on an individual basis.
Enter Dan Larimer, with a clear vision of building towards a massive section of the decentralized exchange market. Legal issues would prove to be nothing if the cryptocurrency exchange is competitive. Bitshares is based on a delegated Proof-of-Stake verification system and the blockchain technology of the network is revolutionary.

Benefits of Bitshares

Transaction speed: Bitshares’ blockchain offers transaction speeds of less than 5 seconds to conclude.
Decentralization: The Bitshares exchange is fully decentralized which ensures users are protected. Hacking is impossible and the cryptocurrency is seen as highly reliable.
Minimum commission: Bitshares offers special solutions that make transactions in the system very fast and cheap. One of the main goals in the development of the BTS cryptocurrency was to reduce transaction fees.
Real value: Bitshares is not like other cryptocurrencies that are not backed by anything. Bitshares comes with the benefits of the trading platform as well as its services. Thus, predicting the value of assets is much easier than for example, Bitcoin.
Increased throughput of the system: The trading platform’s technical capabilities allow for more than 10,500 transactions per second. Bitcoin, on the other hand, can conduct no more than 7 financial transactions per second.


https://preview.redd.it/ad4s8l7bcnx31.png?width=1080&format=png&auto=webp&s=1c77f313c78114aca4fd0a6f5cbb36a0fa88b00e

Breakdown of BTS

The total supply of Bitshares is 3,600,570,502 BTS with the price peaking on January 2, 2018, at $0.907259. BTS cannot be mined. It is regarded as a legacy coin because it existed long before most exchanges and is responsible for the concept of crypto trading pair. Bitshares is the first delegated Proof of Stake blockchain and is governed by community-elected delegates.
Bitshares runs a referral rewards program to drive mass adoption. At the moment, opening a Bitshares account is free, but a lifetime members account costs $100 and comes with 80% fee discounts. Also, lifetime members earn $80 for referring another Lifetime member.
BTS coins cannot be mined. Tokens can be created on the Bitshares network and can be converted to BTS, then converted to BitAssets, which are tied to real-world markets.
bitUSD, bitEUR, and bitCNY are based on real-world fiat currencies, U.S. Dollar, Euro, and Yuan, respectively. Meanwhile, bitGOLD and bitSILVER are based on gold and silver prices.
People in volatile markets such as South America where hyperinflation is rife will enjoy the stability this crypto option provides at a time local fiat currency is struggling.

What is BitAsset?

Online exchanges are centralized and databases are stored on servers only the exchange can control. To use their services, you must first create verified accounts which often involves scanning an ID. Bitcoin and altcoins are still relatively new and this is why they suffer wild swings from time to time. This essentially necessitates converting crypto coins into a stable asset, usually USD. This need is served by exchanges as they allow users to buy and sell crypto coins by converting to and from fiat currencies like USD, EUR, YUAN, and so on.
Bishares’ answer to this is BitAsset. A BitAsset is a coin pegged to a real-world asset. Its value is a mirror of the value of the real-world’s asset. For instance, the BitAsset BitUSD mirrors the value of USD. This means BTS can be converted into BitUSD, and BitUSD to BTS without exiting the blockchain.

How to Buy and Store BitShares (BTS)

BTS can be bought and sold on several crypto exchanges which include Binance, HitBTC, Huobi, OpenLedger, CoinEgg, and Poloniex. However, the coin is not offered by many. Most of the active work is done on lesser-known sites. One in particular is zb.com, which executes transactions in the BTS/ZB pair reaching over $600,000 in total. Still, on the same platform, the BTS/USDT pair is traded for only $300,000 in total. More than $5 million BTS is traded every day in trading pairs with BTC, ETH, and USDT. Bitshares can be stored through the official Bitshares wallet.

Difference Between BitShares and Other Cryptocurrencies

The key difference Bitshares has with other cryptocurrencies is that it is based on Delegated Proof of Stake. Other systems utilize confirmation of financial transactions involving miners. However, rather than pay millions to people for this, the BTS team thought differently. Special delegates are called on to confirm financial transactions. These delegates are selected by the holders of the coin. In theory, anyone with a Bitshares account can become a delegate. There are currently 101 delegates in total.
Each delegate can sign at most 1% of transactions. For Bitcoin, most financial transactions are confirmed by 4–5 major users. If you aren’t satisfied with your delegate, you can refuse his services and choose another delegate.

Conclusion

Crypto investment can be really profitable, but with profit comes danger. In financial services, transparency is the watch-word, and while the other cryptos aim to redefine banking, BTS is focused on Wall Street. It remains to be seen whether it is a kill shot or they will both learn to live together.
submitted by kryptosapien to BitShares [link] [comments]

BitcoinBlocks on Twitter: "Bitcoin is processing 2,166 transactions per second!! This is 10 times faster than Paypal. 🚨🚨🚨🚨🚨🚨🚨… "

BitcoinBlocks on Twitter: submitted by thacypha to bitcoinsv [link] [comments]

Ethereum & the Hodlors that love them

Because I know most people in here aren't seeing the big picture with Ethereum on a protocol level let's go over a few (very) important things coming in the near future.
Metropolis (Ethereum 3.0) - This upgrade is slated for Aug/Sept and will be the first upgrade since Homestead (Ethereum 2.0) from early last year and for reference Frontier (Ethereum 1.0). Metropolis will bring with it some huge upgrades.
Raiden - Currently Ethereum can process a max of 15 transactions per second, Bitcoin can do about 7. This is nowhere near what Visa does at 40k/tx per second. You've heard of Bitcoins lightening network which will enable Bitcoin to do infinite tx/sec? Well Raiden enables the exact same thing on Ethereum by creating what are called "Payment Channels". Not gonna go into too much detail but it's like Bob and Carol agree to put a $100 deposit into an account and write notes saying one or the other owes $x amount, then on a predetermined day one of you squares up the account by making one large transaction on the Ethereum blockchain.
ZN-Snarks - You know how your friends tell you Ethereum isn't anonymous like Monero or ZCash? Well ZK-Snarks will enable you to selectively make transactions public or private. It's the same standard used for ZCash but implemented on the protocol level on top of Ethereum. This is a big part of Enterprise Ethereum Alliances road map which is why JP Morgan is working with ZCash to implement it into Quorum (JP Morgan private Ethereum Chain) as well. Ethereum is basically taking all the best features from other coins and implementing them.
Ice Age - Currently, there are ~93 Million ETH circulating with 5 ETH created every 15 seconds (15% annual inflation) during the last upgrade (Frontier) there was an "Ice Age" coded into Ethereum which would slow down the creation of ETH on a curve that would eventually freeze up Ethereum. The reason for this was to force the developers to finish up Metropolis before the network froze up. One side effect of the ice age is that the creation of ETH slows down thus reducing the rate of inflation but also increasing the transaction time. We're beginning to see the first effects of it and by August it'll be 5 ETH created every ~30 seconds.
Casper - Shortly after Metropolis, Ethereum will release the actual figures for Casper as well as the first of 5 phases which will move Ethereum from PoW (Proof of Work) using mining rigs and computers to approve transactions to PoS (Proof of Stake). What happens with PoS is instead of miners running all the time, you will have people holding ETH "Stake" their ETH and basically lock their ETH up in a smart contract while running software on their internet connected computer. In return for locking their ETH up, they will earn interest on it at an undermined rate (figures Vitalik has floated around varies from 6-12% annually). Not everyone will be able to stake, Vitalik has stated that the inflation rate of ETH will drop from 15% currently down to 0-2%. With basic supply and demand math you should be able to figure out what that means for the price.
Casper is a major reason people are stocking up on ETH. Imagine if in 1 year you could lock up 1000 ETH and earn 120 ETH per year? If the price is $1000/ETH you're talking USD $120k annual without selling any of your original ETH.
Edit: some typos, was writing on the treadmill.
submitted by Hiphopsince1988 to ethtrader [link] [comments]

Bitcoin (BSV) on Twitter: "BSV holds the record for most transactions per second of any blockchain ever. Blanket statements like this are not going to make you famous, they just make you look dumb.… https://t.co/lHWizDizC7"

Bitcoin (BSV) on Twitter: submitted by thacypha to bitcoinsv [link] [comments]

OmiseGO Weekly Summary - Jan 20 - Jan 26, 2018

Hey Everyone! Another week has past and I thought to summarize everything from the week and what was most important. I have been fairly busy and have not been able to put together research that I wanted to have completed, but thought to start a Weekly Update for those that missed important events during the week.  
Topics:
Vitalik Departing K.Floersch to Work on Plasma Link
This is a great change of pace for Vitalik Buterin, since his leading role in developing Ethereum. Since the release he has been traveling the world providing advisory roles and being a figure head at conferences for the advancement of Blockchain Technologies. With Vitalik now focusing on developing Plasma can shorten the release time by having himself and other individuals primarily working on the technology. Not only does this support Ethereum, but OmiseGO as a byproduct.  
Jun TriStone Interview Link
If you have not gotten a chance to read the interview I suggest you do. This interview goes over the basics of what OmiseGO is and the vision of the leader for global adoption. Here are the 3 main takeaways that I found.
OmiseGO wants to ensure that regulations in all countries are met and the developers are keeping to certain guidelines. And to ensure all users are protection.
Establish easy access to cash-in/cash-out points. The need to have a seemless transition from fiat currency to the network is a main priority.
And keeping existing financial systems and aiding them in moving to a cashless society. By providing a simple solution for the transition lowers the barrier of entry while using the OmiseGO backend network.
"Interoperability with other blockchains here refers to the ability to trade any type of digital asset, including non-native tokens on the OmiseGO DEX. Other blockchains have different tokens and, most of the time, you cannot trade across these various blockchain tokens. So, interoperability from OMG means you will be able to trade BTC, ERC20, or LTC on the OmiseGO DEX."
"Adjustments and pivots are a norm in the industry. We do believe that our ultimate direction is clear to execute and fulfil. We may need to pivot and make adjustments as technology shifts and improves on a daily basis. One thing we are, again, very confident is that we got the best hands to make this happen, and at a breakneck speed." This enforces the idea of continual work that will be done years to come to ensure best of class network and support. Similar to Ethereum that there is still improvements required and the teams in charge of these technologies will provide improvements over time.  
Electrify Asia Support Link
Best word to describe OmiseGO is "Gobsmacked". With the close relation of Electrify Asia and OmiseGO is amazing at this point and to hear such great news. As individuals invested we have yet to see what the technology is capable of, but hearing the potential is from another company is perfect. The sheer amount of joy that it brought to their facial expressions is all the information that we require and what we all probably feel day to day. Can't wait to see a potential use case and live demo that showcases the actual technology and not to just imagine the process.  
OmiseGO Blog Update Link
I recommend you read the easy to read blog post. Here are the highlights:
Stripe News Link
The recent news that Stripe is ending Bitcoin support is great news for solutions that want to ensure low fees and to enable more transactions per second. Bitcoin support is going to be ended on April 23, 2018. The reference to OmiseGO is that it is an "ambitious and clever proposal" to enable Stripe to be more heavily used. It has even been mentioned in the past the Omise, OmiseGO's parent company, is very similar to that of Stripe. Therefore a future collaboration may occur based on similar interests and architecture.  
Robinhood Link
Even though they will not be supporting OmiseGO from the start there is a possibility to be adopted later on for purchasing. Regardless of the fact, having users from Robinhood begin investing into Cryptocurrencies will be a large burst of customers. Since they can easily purchase Bitcoin and Ethereum, which can be transferred to another exchange to purchase their cryptocurrency of choice. Regardless of how you look at this news, it benefits the adoption of Cryptocurrency faster with a simple to use application. There is currently just over 500k individuals that want access which is a lot of new customers.  
Conclusion
The news this week has been amazing and supportive of the OmiseGO project. If you are like myself, I am hungry for more information or even just a small video of how the network runs in a test environment. We should all be supporting this community of early adopters and helping those understand the project.
As always, if you have any questions or if I have misstated any information, please let me know.
submitted by Civilian- to omise_go [link] [comments]

04-02 16:34 - 'Bitcoin Core cannot be used as a currency because it's blocks are narrow. / Bitcoin Cash however is a digital currency. It's blocks are much wider and can accommodate many more transactions per second. / In the future...' by /u/TheBitcoinWhale removed from /r/Bitcoin within 122-132min

'''
Bitcoin Core cannot be used as a currency because it's blocks are narrow.
Bitcoin Cash however is a digital currency. It's blocks are much wider and can accommodate many more transactions per second.
In the future, Bitcoin Cash will grow their block size even further if needs arise.
Bitcoin Core is a useless Ponzi scheme now, a former shell of its great self, with transaction fees through the roof.
'''
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Author: TheBitcoinWhale
submitted by removalbot to removalbot [link] [comments]

The mempool hasn't gone below 10MB in over 2 days. We've officially reached the point of an ever-increasing transaction backlog.

I did some calculations of the number of transactions per second bitcoin can handle here, but long story short, the bitcoin network is only able to handle about 2.5 tx/s with the 1MB limit, and we're at that point now.
According to tradeblock.com, the miners haven't been able to clear out the mempool, and we've been sitting at 10MB, or 9x over capacity, for about a 2 days. Now we face an ever increasing transaction backlog, with erratic fee structures that our wallets won't be able to handle, and randomly dropped transactions.
You sent money today? Sorry, fuck you, bitcoin is over capacity, try again with a higher fee later.
The miners are entirely to blame for this situation for not running bip101, which would fix this problem very quickly. If they don't, bitcoin could very quickly become the MySpace of crypto currencies.
submitted by thouliha to btc [link] [comments]

Ethereum & the Hodlors who love them.

Because I know most people in here aren't seeing the big picture with Ethereum on a protocol level let's go over a few (very) important things coming in the near future.
Metropolis (Ethereum 3.0) - This upgrade is slated for Aug/Sept and will be the first upgrade since Homestead (Ethereum 2.0) from early last year and for reference Frontier (Ethereum 1.0). Metropolis will bring with it some huge upgrades.
Raiden - Currently Ethereum can process a max of 15 transactions per second, Bitcoin can do about 7. This is nowhere near what Visa does at 40k/tx per second. You've heard of Bitcoins lightening network which will enable Bitcoin to do infinite tx/sec? Well Raiden enables the exact same thing on Ethereum by creating what are called "Payment Channels". Not gonna go into too much detail but it's like Bob and Carol agree to put a $100 deposit into an account and write notes saying one or the other owes $x amount, then on a predetermined day one of you squares up the account by making one large transaction on the Ethereum blockchain.
ZN-Snarks - You know how your friends tell you Ethereum isn't anonymous like Monero or ZCash? Well ZK-Snarks will enable you to selectively make transactions public or private. It's the same standard used for ZCash but implemented on the protocol level on top of Ethereum. This is a big part of Enterprise Ethereum Alliances road map which is why JP Morgan is working with ZCash to implement it into Quorum (JP Morgan private Ethereum Chain) as well. Ethereum is basically taking all the best features from other coins and implementing them.
Ice Age - Currently, there are ~93 Million ETH circulating with 5 ETH created every 15 seconds (15% annual inflation) during the last upgrade (Frontier) there was an "Ice Age" coded into Ethereum which would slow down the creation of ETH on a curve that would eventually freeze up Ethereum. The reason for this was to force the developers to finish up Metropolis before the network froze up. One side effect of the ice age is that the creation of ETH slows down thus reducing the rate of inflation but also increasing the transaction time. We're beginning to see the first effects of it and by August it'll be 5 ETH created every ~30 seconds.
Casper - Shortly after Metropolis, Ethereum will release the actual figures for Casper as well as the first of 5 phases which will move Ethereum from PoW (Proof of Work) using mining rigs and computers to approve transactions to PoS (Proof of Stake). What happens with PoS is instead of miners running all the time, you will have people holding ETH "Stake" their ETH and basically lock their ETH up in a smart contract while running software on their internet connected computer. In return for locking their ETH up, they will earn interest on it at an undermined rate (figures Vitalik has floated around varies from 6-12% annually). Not everyone will be able to stake, Vitalik has stated that the inflation rate of ETH will drop from 15% currently down to 0-2%. With basic supply and demand math you should be able to figure out what that means for the price.
Casper is a major reason people are stocking up on ETH. Imagine if in 1 year you could lock up 1000 ETH and earn 120 ETH per year? If the price is $1000/ETH you're talking USD $120k annual without selling any of your original ETH.
submitted by Hiphopsince1988 to CryptoCurrency [link] [comments]

Bitcoin Transactions Hit 3.87 Txs Per Second - Approaching All-Time High

Bitcoin Transactions Hit 3.87 Txs Per Second - Approaching All-Time High submitted by Suberg to Bitcoin [link] [comments]

To put things in perspective: If the equator of the Earth is equal to 10,000,000 transactions per second, and we are assuming Bitcoin will achieve global adoption at 10,000,000 TPS, BTC has traveled about 52 feet and hasn't moved in 3 years. BCH is 40 feet behind and we still have 24,900 miles to go

submitted by guyfawkesfp to btc [link] [comments]

Difference between Bitcoin and Riple Hot! Get Free Bitcoins and Claim Daily! Horizen (ZEN) Airdrop WE NEED A HIGH TPS BLOCKCHAIN! Transactions per Second is ... Komodo Platform. 1 million transactions per second. Daniel Pigeon, interview. raiblocks transactions per second

Bitcoin processes 4.6 transactions per second. Visa does around 1,700 transactions per second on average (based on a calculation derived from the official claim of over 150 million transactions per day). The potential for adoption is there but is bottlenecked currently by scalability. A study published by Tata Communications in 2018 showed that 44% of organizations in its survey are adopting ... While bitcoin serves many functions, one its most substantial uses is as a payment system. Typically the metric that has been used to compare Bitcoin to companies like VISA, Paypal, or even newer blockchains that tout higher transaction capacity, is through how many transactions the system can handle, usually seen as transaction per second (tps). Bitcoin SV. Transactions per second. Dogecoin. Transactions per second. Dash. Transactions per second. Litecoin. Transactions per second. Ethereum. Transactions per second. Groestlcoin. Transactions per second. Zcash. Transactions per second. Sponsored · Turn off ads. Farm DeFi 🌾 Farm DeFi 🌾 Sponsored. Crypto.com DeFi Swap - Best place to Swap & Farm DeFi Tokens. Swap and farm top coins ... Transactions Per Second (TPS) is a commonly used term in cryptocurrency.It is defined as the number of transactions completed per second by an information system. It’s used to determine how fast a platform or network is in executing transactions. That’s around 4 bitcoin transactions per second. That’s a lot of transactions considering cryptocurrency is still not known to many as a digital currency. Blockchain.com website keeps a track of all the network activity which includes unique addresses used, confirmed transactions per day, transaction rate per second, Mempool transaction count, mempool size growth, output value per day ...

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Difference between Bitcoin and Riple

Every ten minutes our notary nodes save a "snap" of our blockchain into Bitcoin's ledger, this mirrors our data in Bitcoin's blockchain. This means that if someone would like to hack us, they ... 📍BIG NEWS FOR CARDANO HOLDERS! 1 MILLION Transaction Per Second! Bitcoin BTC Tether Connection + BAT Bitcoin BTC Tether Connection + BAT Digital Asset News Understanding F5 BIG-IP SSL Transactions per Second (TPS) - Duration: 9:19. F5 DevCentral Recommended for you. 9:19 . What is RaiBlocks and is it replacing Bitcoin? Programmer explains. - Duration ... Horizen (ZEN) Airdrop. Make money online and I will teach you how to earn free bitcoins. Fast and instant withdrawals. You can claim once a day and no need invite! Make money using your mobile ... Bitcoin handles only 3 to 6 transactions per second 8. Bitcoin transactions may take more than 15 minutes for confirmation 9. The symbol for Bitcoin is BTG Riple 1. Ripple connects banks, payment ...

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