DeepOnion Transactions - Better than Bitcoin and BitcoinCash!
Hi guys how are you? I have talked about DeepOnion some threads ago. This coin has a huge potential and we´ll see a lot of news the next year like DeepSend and smart contracts.
You can check all the information here:
This community is growing every day. The dev is working really hard to create new features and he is fulfilling all the things of the roadmap. It´s not easy to find a dedicated dev team.That´s why I´ve decided to join this project since the beginning some months ago and I recommend you to follow me and invest some time and money into DeepOnion, you´ll not regret it.
As I said in the title, if we talk about transactions per second, DeepOnion is better than Bitcoin and BitcoinCash. Let me explain that.
The transactions per second depends on the block size and block interval. The average transaction size is about 500 Bytes. The DeepOnion blocksize is 1.5MB, so each block can hold about 3000 transactions. Now the block interval: DeepOnion is a mixed PoW/PoS coin, PoW interval is 240 second on average, but PoS is a lot more frequent, target at 60 sec. This means the theoretical combined block time is 48 seconds (240 / 5).
To verify this, the dev team checked last 24 hours blocks, this is what their get:
- block 223460 occurs at Nov 25, 2017 11:59:36AM
- block 225285 occurs at Nov 26, 2017 11:59:05AM
This means DeepOnion blocks in 24 hours, which means the average block time is 47 second, which perfectly matches the designed target block time.
Thus, DeepOnion has one block 48 second, which can handle 3000 transactions, this mean DeepOnion can handle the maximum transaction rate: 3000/48 = 62.5 tx/second.
As a comparison: Bitcoin has block interval 600 sec, and has a block size of 1MB, this translate to a maximum process rate of 3-4 tx/second.
Even with BitcoinCash which increases block size to 8MB, that can process only about 27 tx/second. That´s just 43% of what DeepOnion can handle...
I´ve got this explanation from the dev team and I want to spread the word. It´s important that more people knows about the real value of DeepOnion.
Take a look into CoinMarketCap:
Just 1.55 USD each Onion and the Total Supply will be 25 millions in 10 years. Don´t lose your opportunity to buy this coin at cheapest prices, it will go to the moon soon!
Regards,
Nicolas.