Does Bitcoin's high price make payments in stores less viable?
With bitcoins values getting so high (now is $2250/BTC) is it still viable to use bitcoins as a way of payment in stores? It's not that common now, but I thought that people would use it more with...
View ArticleWhy are there always some unconfirmed transactions?
As far as I know, a miner begins creating a new block as soon as it receives a valid block from another miner. It then begins to construct and hash the next block on top of the block it just received...
View ArticleHow many more transactions per second will be possible with SegWit?
On a percentage basis compared to the current theoretical limit how many more transactions per second will be possible after SegWit?Will the answer to number 1 scale linearly with block size increases...
View ArticleWhat is the maximum transaction throughput of the Bitcoin network?
I have seen different values mentioned but the 3.3--7 transactions/second appears to pop up a lot. In Section 2 of On Scaling Decentralized Blockchains (A Position Paper) it says the following:There...
View ArticleWhy would I trust a cryptocurrency that allow only 3 transactions/s?
I noticed that the recent blocks usually includes about 2k transactions with is almost the upper limit (max. 1 MB per block). From this I can see that bitcoin would never allow more than 2000 / 10 * 60...
View ArticleWhat modification of the proof of work algorithm will speed up confirmations...
From my observations of the BitCoin network, the increase in overall network hashrate does not seem to improve the network in any way other than to make an attack more difficult.I was wondering however...
View ArticleIs it possible that transactions throughput will grow to beyond what can be...
The number of users increases, and thus the number of transactions. Is it possible that in the future transactions arise faster than I can sync them?
View Article1 block only allow about 2000 transactions. Does it mean every 10 minutes,...
Hi I very new to bitcoin and don't understand this. Isn't this 2000 too small? I thought there would be more than 10,000 transactions going around every 10 minutes. Especially when there is an ICO...
View ArticleWhat's the difference between BTC and BCH transaction capacity?
If Bitcoin can process x transactions per second, how many transactions per second can Bitcoin Cash process?
View ArticleEstimating Lightning Network's theoretical transaction throughput
I've seen theoretical estimates of Lightning Network's potential transaction throughput range from 100k or more to millions of transactions per second. My question is, how do you come up with an...
View ArticleDifference between capacity and max_htlc in Lightning Network?
What is the difference between capacity and max_htlc in the routing of payments in the network?
View ArticleCapabilities of Bitcoins and their place in the future
I`ve recently read a presentation that mentioned a couple things about how big would be the potential bandwidth if Bitcoins would handle the transaction volume of...
View ArticleWhat's max possible tx/second right now?
What's max possible tx/second right now, if we use all the latest Bitcoin tech multi-sig, MAST + Taproot, without increasing block size? Let's say our goal is simple tx finality and 10b utxo.How do I...
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