How many transactions are perform per second with Bitcoin?

Deep BTC

member

Activity: 96

Merit: 10

Quote from: cr1776 on April 02, 2017, 05:04:21 PM

Quote from: Deep BTC on April 02, 2017, 04:22:51 PM

Quote from: amaclin on March 03, 2017, 06:30:23 PM

Quote from: Jannn on March 03, 2017, 06:16:23 PM

Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability

No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.

Can this value be increased when the bitcoin system is used more intensively in the future? Is such a change needed? If there is such a requirement, can the protocol be improved?

Yes, it can be increased. Larger blocks, SegWit, lightning are methods of doing so. There are lots of options.

Needed? That is a question you'd get many different answers to, depending on who you ask.

Transactions in the Bitcoin system are confirmed for a minimum of 10 minutes. So the transactions like visa does not have to be confirmed immediately.
Could such a change have not been made due to these features?

cr1776

legendary

Activity: 4214

Merit: 1313

Quote from: Deep BTC on April 02, 2017, 04:22:51 PM

Quote from: amaclin on March 03, 2017, 06:30:23 PM

Quote from: Jannn on March 03, 2017, 06:16:23 PM

Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability

No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.

Can this value be increased when the bitcoin system is used more intensively in the future? Is such a change needed? If there is such a requirement, can the protocol be improved?

Yes, it can be increased. Larger blocks, SegWit, lightning are methods of doing so. There are lots of options.

Needed? That is a question you'd get many different answers to, depending on who you ask.

Deep BTC

member

Activity: 96

Merit: 10

Quote from: amaclin on March 03, 2017, 06:30:23 PM

Quote from: Jannn on March 03, 2017, 06:16:23 PM

Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability

No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.

Can this value be increased when the bitcoin system is used more intensively in the future? Is such a change needed? If there is such a requirement, can the protocol be improved?

amaclin

legendary

Activity: 1260

Merit: 1019

Quote from: Jannn on March 03, 2017, 06:16:23 PM

Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability

No. Today bitcoin can not handle 7 tx per second (in average).
The information in wiki is outdated.

digaran

copper member

Activity: 1330

Merit: 899

🖤😏

Visa doesn't print money only processes the transactions but bitcoins are generated during the process, there is a huge difference.
I don't know why people compare these things.
If segwit activates more than 7 can be done.

Deep BTC

member

Activity: 96

Merit: 10

Quote from: amaclin on March 03, 2017, 06:07:28 PM

Quote from: Deep BTC on March 03, 2017, 06:04:40 PM

Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?

3-5 tx/sec in average

Quote from: Jannn on March 03, 2017, 06:16:23 PM

Quote from: Deep BTC on March 03, 2017, 06:04:40 PM

Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?

Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability

Can the improvements be made on the protocol when the bitcoin system is being used more intensively in the future?

Jannn

hero member

Activity: 1120

Merit: 502

Quote from: Deep BTC on March 03, 2017, 06:04:40 PM

Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?

Based on my research Bitcoin can process over 7 transactions per second.
You can check it here : https://en.bitcoin.it/wiki/Scalability

amaclin

legendary

Activity: 1260

Merit: 1019

Quote from: Deep BTC on March 03, 2017, 06:04:40 PM

Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?

3-5 tx/sec in average

Deep BTC

member

Activity: 96

Merit: 10

Visa can process 2000 transactions in seconds. How many transactions can be done with Bitcoin in seconds?

Topic: How many transactions are perform per second with Bitcoin? (Read 2425 times)