/biz/ - Business & Finance

>>29979334
>>29979334
This. Not only does visa have first-mover advantage the technology is better than any crypto currently on the market.

GARBAGE VAPORWARE
GARBAGE VAPORWARE
GARBAGE VAPORWARE
GARBAGE VAPORWARE
GARBAGE VAPORWARE

>>25252741
>.5 years off your wait time
You mean .5 years for your transaction to be verified?

>>19929821

The real increase in transactional time, would be looking up within the database with reads to properly correspond information, but with the proper database technology this still wouldn’t be something a user would feel. Considering all shards together and with relay node technology, this would smash even the Visa transaction cap of 1700 or even theoretical 24,000 per second… not per user, but as a global network. The average user may only need to send a few transactions per minute or in extreme cases even a few transactions every second. The only exception would be company payroll or government tax refunds, which would require separate user accounts tagged as such to allow for millions of transactions per minute, automatically approving most transactions and looking after the fact.


The average user would only feel a transactional capability of perhaps 30 transactions per minute but as a global network, this type of network would allow for, assuming tens of thousands of transactions per second if not even more, (far exceeding MasterCard, American Express, Visa and Discover, the four major credit card retailers). And all for less of a transactional fee than standard retailers by at least half the percentage and quicker than most money settlements, making it quicker to send money across the globe and far cheaper. This is the true power of blockchain and Bitcoin and nearly every other blockchain isn’t even beginning to scratch the surface of the possibility not of blockchains, but of distributed ledgers with a shared consensus. It’s true, it would require tens of if not hundreds of millions of users on a network but with rewards being divided up, it would mean that nodes aka miners are rewarded not by the price of the currency as Bitcoin is (leading to pumps and crashes), but by the number of transactions and the somewhat the volume and whether it’s worth it or not to run a miner by that number. This means, that…

What happened to the XRP memeing?