Post
Topic
Board Altcoin Discussion
Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin?
by
AlexGR
on 15/05/2016, 11:49:53 UTC
Re: POLL - Which Crypto will be the first zero fee instant microtransaction coin with GUI that can scale to 100,000 Txns/sec and remain decentralized?

ftfy

Answer: none of the CC currently envisioned. Neither will Lightning Networks nor Dash Evolution meet those specifications.

"In 2015, The Nilson Report, a publication that tracks the credit card industry, found that Visa’s global network (known as VisaNet) processed 100 billion transactions with a total volume of US$6.8 trillion."

https://en.wikipedia.org/wiki/Visa_Inc.

100bn / 365 days / 1440min per day / 60secs = 3170 tps.

If the global Visanet does 3k tps, why would a crypto need a spec of 100k tps in the short or mid-term future? There isn't even a need to cover that many txs because those txs don't exist.

As for zero fee, well, zero-fee use = zero-fee abuse.