Quote from: savantsam on December 20, 2017, 07:07:03 PM

Quote from: OpenMoneyBTT on December 20, 2017, 03:08:05 PM

Recently, we have seen a single game, CryptoKitties, take up 15% of the network capacity for Ethereum. This is a perfect example of the primary issues that are faced when preparing the blockchain for the mass market. To fully realize its potential, the the platform needs to have faster transaction flow while maintaining its decentralized state.

Right now, the volume of transactions that can be processed on the blockchain at any given point of time is slow, whereas Visa can process around 50,000 transactions per second, Bitcoin can only take about 3 per second, and Ethereum can take about 15 per second.

When we consider that Visa accounts for 150 million transactions per day on its own, the need for change is clear. There is no clear winner for scalability on the blockchain, but from the scope of the applications the basic goal is to increase the volume of the throughput by sharding the chains and then connecting them with some larger chains.

OPEN is committed to providing software developers the tools they need to overcome scalability issues that may effect their applications. By leveraging the benefits of both on-chain and off-chain databases, we allow them to continue to utilize their traditional database technology while porting to the blockchain only the functionalities that make sense to do so.

For more information, check out our white paper.

Hmm interesting. I have never thought about the scalability issues involved with transactions. I look forward to watching OPEN grow and exceeding that 150 million transaction by Visa

Thanks for your support!