20,000 transactions a second is huge. I think bitcoin is 6, eth around 20, PayPal 100 so this is no easy feet if pulled off. Still a way to go to VISAs 100,000 transactions a second but hey, they have a 20 year head start. How do you anticipate competing with bitcoin in future if they sort out transaction fees and fungibility? This is my only worry for many micro transaction coins.
Thanks!
Even if Bitcoin manages to get a lot more transaction per sec, with lower fees (pretty hard in itself), we still think our major advantage is in the latency to almost certainly confirm a message in under 1 sec.
Low confirmation times matter a lot more for microtransactions than for large cash transfers.
Since any transaction is never just accepted or rejected, but rather just increases in certainty with more information, the way we use lockers we think should be able to give high confirmation certainty in just 2 hops over the internet, which is in the order of hundreds of milliseconds.