You are viewing a single comment's thread from:RE: Bitcoinization, what is it and is it happening already?View the full contextView the direct parentjrcornel (84)in #bitcoin • 7 years ago Perhaps they need to be introduced to Steem... ;)
I don`t see STEEM as a currency to buy groceries, do you ? :)
Why not? It's fast, and it's free... at some point it could be.
Because the Steem blockchain can only handle 1000 transaction/second.
(source : https://steem.io/documentation/performance-and-scalability/)
If you compare this to Visa which can scale up to more then 50000 transaction/second.
(source: http://www.altcointoday.com/bitcoin-ethereum-vs-visa-paypal-transactions-per-second/)
Visa is here for quite a while. I'm sure in less than half that time Steem can do wonders.
Exactly :)