Post
Topic
Board Bitcoin Discussion
Re: Future of Blockchain?
by
bitart
on 21/09/2017, 20:32:35 UTC
Good day,

As per Vitalik Buterin said during TechCrunch Disrupt 2017: "The technology of block chain will be able to catch up and replace the Visa payment network soon".
I'm not sure how soon, but it looks rather realistic in close future. What do you think?

Let's see together, it should be pretty interesting. Smiley

kevin.
Will be able to catch up soon - might be right, but not in a few months time. Replace the Visa payment network soon - might not be right, because VISA processes way much more transactions per second that current blockchain systems together. Somewhere I saw something like we would need at least 8Mb size blocks to process that amount of VISA transactions, but there's the American Express payment network, that also counts. And for everything else, there's MasterCard Smiley