Count me in.
I've been thinking about this whole 1000 TPS thing and have a basic question. If ANYBODY can be the node that generates a block, but a node with a low rate data link can't support 1000TPS, then are we saying that the NXT TPS chain is only as strong / fast as its weakest link?
I am guessing any node that can't keep up will automatically become blacklisted and they fall forever behind.
Such low bandwidth nodes will need to run slim clients. Not sure how they will be able to send NXT
James
So we start by telling people they can forge NXT based on their stake, then blacklist them forever if they can't meet a certain level of performance?
If this is true then we better stop telling people they can forge on their smartphones
now, rather than later. Some promotional material may need to be changed to reflect a realistic cost of forging on a high TPS network.
It is more a matter of bandwidth than processing, though at 1000TPS CPU power would probably be an issue. A smartphone with wifi that is fast enough might be able to keep up. Not sure though, at some point we probably need to get benchmarks on a variety of configurations.
As time goes on, everything gets faster and faster so maybe at first only high end smartphones can handle a sustained 1000TPS network, but later more and more can.
Unlike with BTC, as time goes on, more and more hardware can keep up