[znpy]

I honestly dislike how the author abuses terms like "lots" and "a handful".

For example: « That means you can use a single payment channel to make lots of payments to many different people—all while generating just a handful of transactions on the underlying blockchain.»

I am no bitcoin expert, but AFAIK the bitcoin network can currently process in the order of tens of transactions per second, and that is a low number compared to the 50-100k transactions per second that VISA et similia are currently capable of processing.

So, many are "lots"? How many are "a handful"?

[marcandre]

No, the processing capacity is about 7 transactions per second. See https://en.wikipedia.org/wiki/Bitcoin_scalability_problem