Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
SatoNatomato
on 30/11/2017, 09:27:22 UTC
It's not rocket science to make confirmations faster with byteball. Transactions are confirmed when witness broadcasts a unit of transactions into the DAG database. To do so witness needs to pay fee for adding data. Witness earns fees from transactions included in the unit payed by users broadcasting transactions itself. When there's not many transactions it's expensive for witness to post new units every 1 or 2 seconds. When there's plenty of transactions witnesses can post units more frequently making confirmations faster.

Conclusion - transactions will be confirmed faster when there's more transactions and witnesses can earn users' fees to post units more frequently.
Yes, I totally agree with you, but which of 1328 coins from coinmarketcap.com can do >100 TPS at this moment except IOTA, Stellar and Ripple? For example, so that the cryptocurrency could compete with VISA and Mastercard.
Just because its on cmc doesnt mean its a cryptocurency, see BitConnect and IOTA.

Iota is at best a PostgreSQL instance, Coordinator, with useless glitter around to hide it.