I like the project and all but there is some information in the whitepaper that is pulled from some very old reports on the transaction speeds of VISA.
Whitepaper1 According to Professor Wei-Tek Tsai, test results operating on 4 nodes using
IBM 4 x86 processors produced verified transaction speeds of an average of 5,000 transactions
per second (TPS) which is equivalent to average Visa/Mastercard processing speeds.
2004 https://www.informationweek.com/visa-tests-transaction-processing-system/d/d-id/1026381During the annual weeklong stress test, conducted at an IBM facility outside Washington, D.C., Visa ran the system at a processing load of 6,200 transaction messages per second, a 20% increase over last year's peak on Dec. 24 of 5,200 transaction messages per second. Each card purchase requires about two transaction messages.
2013https://www.visa.com/blogarchives/us/2013/10/10/stress-test-prepares-visanet-for-the-most-wonderful-time-of-the-year/index.htmlAfter the test is concluded, the VisaNet team determines the best configuration to maintain our higher levels of security and reliability when millions of transactions from all over the world hit the network during the holiday shopping season. As a result, they also come back from Gaithersburg with a number that represents the maximum processing capacity VisaNet can handle, which later is stamped on coffee mugs and distributed to the team involved in the test. This year’s “mug number” – as we like to call it – is 47,000 transaction messages per second, which is a huge step forward from 2012’s peak capacity of 30,000 transaction messages per second!
I didn't have time to look up the current transactions per second capabilities of VISA so don't quote me on this but I vaguely remember hearing Vitalek say they were over 69,000 TPS. The 5,000 TPS capabilities are from 14 years old data. Please correct me if I'm wrong. I'm no expert in this field. I decided to do a quick search after thinking about Vitalek the Visitor's talk a few months back.
So my question to GATCOIN is, who looked up and verified your whitepaper's numbers?
My next question is.... Is your tech ready to handle the load of the holidays? With November and December comes a tripling of TPS at the minimum.
That is a small typo if anything and in my opinion does not reflect the capabilities of this project as a whole. Nor does it raise any red flags. After reading through the whitepaper again I actually saw the brilliance behind this idea and I am still a supporter. Just thought I'd point this out to see how the team reacts and also to have it brought light by a supporter rather than a trolly nay-sayer.
Interesting, so the peak txs/s for Visa back in 2013 was around 23,500 (because 47,000 tms , 1 tx = 2 transaction messages). Whitepaper says "average", now that you brought up this, I wanna know what's the peak for GAT blockchain
