BTC Lightning vs Solana vs Ethereum vs XRP vs Bitcoin Cash - Transactions Per Second ⏱️💱🪙

1 year ago
130

Many Altcoins like to claim Bitcoin's Blockchain can't handle all the transactions needed to be a World Currency. That's true. It was never meant to do that though. BTC was designed to function as final settlement. Similar to what banks currently do at the end of each week. Additional layer solutions built atop the Bitcoin blockchain can easily function as everyday currency, without the need to modify and compromise the impenetrable and perfected Bitcoin Layer-1 network.

There was never any reason to change Bitcoin, and these 19,000 altcoins have no legitimate reason to exist. The speed they do boast is a gimmick, given that they have but a small fraction of the transactions they claim they can theoretically handle going on across their blockchain.

"The Layer-2 Bitcoin Lightning Network has a theoretical throughput of 40 million Transactions Per Second (TPS). That’s the equivalent of 14.4 TB size blocks every 10 min. Lightning enables Bitcoin to be a planetary scale decentralized medium of exchange. ⚡️🚀

This calculation is based on research on the upper limit of transactions per second a channel can support being 500 TPS." - Samson Mow

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