1000 TPS is a theoretical number, in fact I'd wager that it would take at least 2 (possible more) years to have that many transactions per second. So no, you won't need 300GB available (per month).
The max transaction is 255 per block(per minute),right?
so I didnot catch clearly what is mean of 1000 TPS.
We have to remind ourself that the POSSIBILITY of 1000TPS brings us to 1000TPS in a few years. If we now state "not possible", we lose one feature.
What do you mean with 4.25 tps to 1000 tps?
One of the killer features of Nxt is ability to process transactions at VISA rate (thousands per second).
Btw, any ideas how much the price will rise after VCs realize that Nxt is able to process 1000+ tps? 10x is min, imho. 100x-1000x is more likely...
There have been occasional hints by CfB of incremental steps to improve the capacity of NXT by making the number of bytes encapsulating a transaction smaller (going from JSON to binary with a target of 128 bytes per transaction) so a block could hold more transactions, synchronizing the timing of blocks ("time warp"), and speeding up the rate at which NXT blocks were produced. The problem of block chain bloat has not been discussed by the core devs and remains a future problem to achieving this stated capability.
In my opinion, solving the block chain bloat ( by reforging a new genesis block around every 1500 blocks) is THE problem facing future expansion of NXT. But:
Blockchain pruning / minimization is for survival.
U should undestand that everything is in ur own hands. Pruning is not a rocket science. Just make a snapshot at some block height and use it as Genesis Block 2.
Once the development committee membership has been finalized and they are in control of 3M NXT from the unclaimed funds currently held by CfB, I will lobby vigorously for them to immediately hire a programmer to focus exclusively on block chain bloat shrinkage and real time genesis block forging. This is how we take the future of NXT into our own hands as a community. This is too important to just throw a bounty up and wait for somebody to wander by and say they'll do it. Ideally, such a hired programmer should integrate ASAP with JLP's ongoing efforts under a non-disclosure agreement (NDA) and not wait for open source release in 60 days. We need to be working on block chain bloat NOW.
We don't have to sit around wailing while the price of NXT slowly sags. We can take action NOW to make NXT the premiere cryptocurrency on the planet. Once we crack the "not-rocket-science" nut of real-time genesis block reforging, we will have created all the components necessary to set up a 1000 TPS testnet that we can demonstrate to the world.
https://bitcointalk.org/index.php?topic=345619.msg4964910;topicseen#msg4964910https://bitcointalk.org/index.php?topic=345619.msg4966259;topicseen#msg4966259And with a functional 1000 TPD demonstration testbed in place to demo at will to media, venture capitalists, and critics, NXT WILL GO TO THE MOON.
