[Q] How many transactions per sec can DeepOnion handle?
[Answer]: The transactions per second depends on the block size and block interval. The average transaction size is about 500 Bytes. The DeepOnion blocksize is 1.5MB, so each block can hold about 3000 transactions. Now the block interval: DeepOnion is a mixed PoW/PoS coin, PoW interval is 240 second on average, but PoS is a lot more frequent, target at 60 sec. This means our theoretical combined block time is 48 seconds (240 / 5).
To verify this, we checked last 24 hours blocks, this is what we get:
- block 223460 occurs at Nov 25, 2017 11:59:36AM
- block 225285 occurs at Nov 26, 2017 11:59:05AM
This means we have 1825 blocks in 24 hours, which means our average block time is 47 second, which perfectly matches our designed target block time.
Thus, we have one block 48 second, which can handle 3000 transactions, this mean DeepOnion can handle the maximum transaction rate: 3000/48 = 62.5 tx/second.
As a comparison: bitcoin has block interval 600 sec, and has a block size of 1MB, this translate to a maximum process rate of 3-4 tx/second.
Even with BitcoinCash which increases block size to 8MB, that can process only about 27 tx/second.
DeepOnion is much better that this!!!
For more question and answers join Live Q & A Session https://deeponion.org/community/threads/live-q-a-reboot-nov-30th-post-questions-here.9730/ (Live Q&a Reboot - Nov 30th - Post Questions Here)
[Answer]: The transactions per second depends on the block size and block interval. The average transaction size is about 500 Bytes. The DeepOnion blocksize is 1.5MB, so each block can hold about 3000 transactions. Now the block interval: DeepOnion is a mixed PoW/PoS coin, PoW interval is 240 second on average, but PoS is a lot more frequent, target at 60 sec. This means our theoretical combined block time is 48 seconds (240 / 5).
To verify this, we checked last 24 hours blocks, this is what we get:
- block 223460 occurs at Nov 25, 2017 11:59:36AM
- block 225285 occurs at Nov 26, 2017 11:59:05AM
This means we have 1825 blocks in 24 hours, which means our average block time is 47 second, which perfectly matches our designed target block time.
Thus, we have one block 48 second, which can handle 3000 transactions, this mean DeepOnion can handle the maximum transaction rate: 3000/48 = 62.5 tx/second.
As a comparison: bitcoin has block interval 600 sec, and has a block size of 1MB, this translate to a maximum process rate of 3-4 tx/second.
Even with BitcoinCash which increases block size to 8MB, that can process only about 27 tx/second.
DeepOnion is much better that this!!!
For more question and answers join Live Q & A Session https://deeponion.org/community/threads/live-q-a-reboot-nov-30th-post-questions-here.9730/ (Live Q&a Reboot - Nov 30th - Post Questions Here)
Very interesting overview, shows that DeepOnion is well-prepared for the huge increase of transaction volumes in the future. Such capacity will be very useful once the cryptomarket is dominated
Hope I will manage to participate in the upcoming Q&A, seems that there will be a lot of interesting topics to discuss.
