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re: Virgin Galactic to accept Bitcoincs
Posted on 11/22/13 at 10:13 am to Eric Nies Grind Time
Posted on 11/22/13 at 10:13 am to Eric Nies Grind Time
quote:
Can Bitcoin really only support 7 transactions per second right now?
Yes.
This is due to there being a hard upper limit on the block size. This limit is trivial to remove and will be removed in the near future, but it's there right now to prevent attacks on the network that attempt to make the blockchain bloated.
eta: read more here: https://en.bitcoin.it/wiki/Scalability
This post was edited on 11/22/13 at 10:15 am
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