If Bitcoin were used by everybody on the planet, the current max of 10 transactions/second means that each person could be part of a transaction once every 13 years (4 billion pairs of people / 10 Hz). Boosting the rate up to 100 transactions per second reduces that down to 15 months. Just think, receive you paycheck this week, and over a year later you can use it to buy groceries.
Bitcoin's throughout is absolutely pathetic, by several orders of magnitude. I think the only reason that aspect hasn't gotten more attention is because the energy efficiency is even worse.
Bitcoin's throughout is absolutely pathetic, by several orders of magnitude. I think the only reason that aspect hasn't gotten more attention is because the energy efficiency is even worse.