Post
Topic
Board Development & Technical Discussion
Re: TPS, Blockchain bloat and Confirmation speed - Are they a problem?
by
oakpacific
on 04/02/2014, 03:50:19 UTC
The problem is that it is not a problem yet.

While we all hope to see Bitcoin becomes a busy and bustling network like VISA or Paypal, the reality is that we are still quite some way from the current hardlimit 7 tps, the transaction rate now stands at about 1 tps https://blockchain.info/charts/n-transactions, nobody is feeling the urge to increase the blocksize so there is no way to field test it, not yet.

So does that mean that if you increase the blocksize you will get over 7 tps?

Principally yes but all transactions still get confirmed only when a new block is released, so I'm not sure if it's a good idea to use "tps" here.