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by CyberDildonics
3096 days ago
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First, the 24,000 /s is the maximum throughput. The real number from visa themselves is about 2,000. Second, the Bitcoin unlimited team has already tested and demonstrated gigabyte blocks. That would be about 1.6MB per second. This is already achievable with a $12 per month VPS, far less than a single btc transaction. |
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I am still working through it, but it seems that with (somewhat optimized) current software they hit 10 minute propagation time at 1GB blocksize, with about 500tx/s (t=4549).
EDIT: This experient is also still young. As of the November 2017 talk I linked, they were using 4-6 miner nodes, and a UTXO pool simmilar to the current network (to the point where the presented would not even give numbers for memory and disk IO because he viewed them as not relevent to what would really be seen).
I submitted the linked talk to HN. Comments at [1]
[0] https://www.youtube.com/watch?v=LDF8bOEqXt4&feature=youtu.be...
[1] https://news.ycombinator.com/item?id=16012746