Post by twetch#864

1AKHVi…MfPE Key · twetch

Everyone are representing transaction rate in "tx/sec".
My opinion is it should be represented in Hz. What do you think?

  1. Bitcoin transaction rate: 7.45 tx/sec
  2. Bitcoin transaction rate: 7.45 Hz
What the chain says
Block
592 875
Time
2019-07-26T13:44:42Z
Signer
1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#864

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE Verified

Replies (8)

1AKHVi…MfPE Key · twetch
Replying to@1AKHVi…MfPE

Mmmmh, valid reasoning but tx/sec depends on the size of single tx. There are different transaction rates if a single tx is 100k or 200k. Unless convert byte per second in HZ.

1AKHVi…MfPE Key · twetch
Replying to@1AKHVi…MfPE

Nah
The learning curve for BitCoin is steep enough.

People inherently understand txns/sec.

Conversion spoils the simplicity

1AKHVi…MfPE Key · twetch
Replying to@1AKHVi…MfPE

The BTC transaction speed definitely Hertz

1AKHVi…MfPE Key · twetch
Replying to@1AKHVi…MfPE

So...converting transactions to bytes...
BSV has the capacity of 2 GHz and BTC is max. 1 MHz?

1AKHVi…MfPE Key · twetch
Replying to@1AKHVi…MfPE

2,000,000,000 bytes/600 seconds = 3,33 MHz vs 1000000 bytes/ 600 second = 1.6 KHz. I'm not sure if it's correct (I assume the block is mined every 10 minutes ).

1AKHVi…MfPE Key · twetch
Replying to@1AKHVi…MfPE

The most important thing to understand is that BitCoin can handle over 13,333/sec NOW. Secondarily, txs per block which is about 8 million tx per 10 min. "It never really hits a scaling ceiling." Reducing tx speed to chip speed not really germane.