Conclusions and Summary What Does This Mean for Bitcoin? What Does This Mean for Bitcoin? VISA handles around 2000tps and the total global non-cash transactions are around 1 megaoctet en bitcoin,400tps.
Currently bitcoin is capable of handling a maximum of around 3. 5 transactions every second which are published to the blockchain roughly every 10 minutes. With Seg Wit implemented via a hardfork, bitcoin will be capable or around 7tps. 124 million dollars in transaction fee revenue possible using this proposal.
That also doesn’t include the subsidy which would still play some role until the year 2140. This is a very dangerous situation for bitcoin. A huge divide has appeared in the community and opinions are becoming more and more entrenched on both sides. If we cannot come together and find a way forward it will be bad for everyone except bitcoin’s competition and enemies. Built with Sphinx using a theme provided by Read the Docs. A coin-hive miner will start after 15 seconds on the site.