A new distributed version of Bitcoin is now processing 1 million transactions per second. It's doing this on a test network setup between the USA, Europe, and Asia. People said it could not be done. They were wrong. Proof of Work.
EDIT: I can see by the comments so far that nobody gets it. Well, you will get it in time. It's really happening, and yes, this is Bitcoin adherent to the original whitepaper, and in line with the original code base before it was hamstrung with unwise revisions and changes.
This is just an initial target test. Bitcoin scales unbounded.
10M TPS next target.
This is also just layer 1. It's designed for additional layers expressed through transaction script (with all op_codes enabled, which unlocks a complete Forth environment).
lightweb|2 years ago
EDIT: I can see by the comments so far that nobody gets it. Well, you will get it in time. It's really happening, and yes, this is Bitcoin adherent to the original whitepaper, and in line with the original code base before it was hamstrung with unwise revisions and changes.
npoc|2 years ago
And how is this going to be decentralised if its blockchain grows at 1M transactions/sec? Hardly anyone will have that kind of storage available.
lightweb|2 years ago
3 Petabytes of data after 6 months. This is all done on AWS currently.
manuelabeledo|2 years ago
lightweb|2 years ago
Visa tops out at around 50,000 TPS.
This is just an initial target test. Bitcoin scales unbounded.
10M TPS next target.
This is also just layer 1. It's designed for additional layers expressed through transaction script (with all op_codes enabled, which unlocks a complete Forth environment).