to add mathematical color to this chart:
~70 mm transactions per day / 24 hours / 6 blocks per hour => more than 400,000 transactions per block or > 800 transactions/second (assume Visa is 2-4k per second on average) and about $100 per block using 2/100ths of a penny per avg transaction.
Parity would be 6.25 BSV x $170 = ~ $1,000 per block in transaction processing fees.
Doing reverse math, using 2/100ths of a penny per avg transaction, that would be > 8,000 transactions per second, about Visa parity (by Q1 2021?).
OR, at 2/10ths of a penny per avg (400 MB) transaction, 800 transactions per second (which sounds a lot more reasonable).
Many moving parts here, it would be really cool to get more color on what TAAL's predictions/assumptions are for:
Average transaction size
Node fees per Byte
# of transactions
No matter how you slice it, these slides will get more inspection and attention in the coming weeks for sure!
to add mathematical color to this chart:
~70 mm transactions per day / 24 hours / 6 blocks per hour => more than 400,000 transactions per block or > 800 transactions/second (assume Visa is 2-4k per second on average) and about $100 per block using 2/100ths of a penny per avg transaction.
Parity would be 6.25 BSV x $170 = ~ $1,000 per block in transaction processing fees.
Doing reverse math, using 2/100ths of a penny per avg transaction, that would be > 8,000 transactions per second, about Visa parity (by Q1 2021?).
OR, at 2/10ths of a penny per avg (400 MB) transaction, 800 transactions per second (which sounds a lot more reasonable).
Many moving parts here, it would be really cool to get more color on what TAAL's predictions/assumptions are for:
Average transaction size
Node fees per Byte
# of transactions
No matter how you slice it, these slides will get more inspection and attention in the coming weeks for sure!