Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Bitcoin currently handles 7 unconfirmed tx per second + confirmation/waiting time
DASH handles 10 confirmed tx per second and you can walk out the shop with the merchant safe and happy.
DASH handles 10 confirmed tx per second and you can walk out the shop with the merchant safe and happy.
Not quite right, the entire Bitcoin network handles a maximum of 7 txes per second. Each IX only requires a tiny subset of the 3000 MN total to work. You're looking at tx throughput two orders of magnitude+ better than BTC, each one in seconds, not minutes/hours.
So if the subset is 10 for example, at 3k M-Nodes the TPS would be 3,000 as well, I assume? That's 1k more than VISA handles atm.
This is a very interesting read on that matter: https://en.bitcoin.it/wiki/Scalability
Here's an interesting thought experiment...
The only real problem with that logic is we need to store the transactions in a block after they happen and blocks have an upper limit on size. 3000 tx per second that would mean we have 450000.0 transactions in a block. I'm getting about 107MB per block with some rough math. If the network requires about 4x the blocksize in bandwidth, we could possibly need about 100MB a minute.
To get 100MB a minute consistently we could have a 3rd tier that lives on a high performance network (maybe a specific zone of AWS for high performance computing). If you want to use our high performance network, you would switch through a 2-way peg to this second chain, which has pretty much infinite speed. We could actually have a bunch of these, all on separate networks throughout the world, so that if one is having problems, there's always redundancy.
Hmm...
The masternode network + quorums is quite powerful for solving these types of problems.