The Biggest Myth in #blockchain: Transactions Per Second
▻https://hackernoon.com/the-biggest-myth-in-blockchain-transactions-per-second-c300ca16d802?sour
And why you should ignore itTransactions per second. Network speed. Scaling. Whatever guise it comes in, the crypto community seems obsessed with transaction speed — especially when it comes to #ethereum.* So much so, that some people think scaling ‘problems’ are to blame for Ether’s recent bear market.“PayPal, the global monolith, makes millions of transactions every day — but runs at an average of 193 per second.”But is our obsession with transaction speed shortsighted? Of course, speedy stable transactions are essential for the future of all but the most specialist projects. Yet in the wider world of FinTech, there’s no such obsession. #paypal, the global monolith, makes millions of transactions every day — but runs at an average of 193 per second. This is a long way off blockchain’s ‘holy grail’ (...)