Hmmm, I read somewhere that with segwit we are at around 30 transactions/sec, because while it frees up more block size, it also takes less space. I could be wrong. I hope the Ligthening Network will be soon operational for everyone.
RE: How High Transaction Fees Killed Bitcoin
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How High Transaction Fees Killed Bitcoin
LN is not Bitcoin, is a third party patented technology!
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Yes, but when it will be used it will lessen the load on the BTC blockchain.
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LN is like a parasite to Bitcoin....Are you saying a group of people who knowingly kept trans fees artificially high to convince people LN is the solution are doing a right thing?
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Well, I agree that it was kept artificially high yes. But really, if BTC is expected to scale with all these extra transactions, sooner or later a solution should be found. And just upping the size of the bocks is only a temporary fix.
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That doesn't make sense....how is that Gavin Andresen & Satoshi himself consider block size increase as the solution?
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They (probably) didn't. That why I wrote that it's not a good solution. It's a stop gap at best.
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That's what he said in 2010 in bitcointalk:
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Interesting. Thanks.
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I did the math below & it shows it increase the throughput by 4 TPS.
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