Scaling The Block Chain Ethereum
As Ethereum continues to advance and evolve through its Byzantium upgrade there is still talks about what it will take to get Ethereum or even Bitcoin to become main stream to really be considered a decentralized currency. We all know that over this last year both Ethereum and Bitcoin where hit hard when scaling quickly changed which caused processing fees to sky rocket or take a long period of time.
To put this into comparison as to what needs to happen over the rest of this year and into 2018 is 100% scaling the network and finding new innovative ways to do so. For example bitcoin currently processes about 3 transactions per second and quickly maxes out at 4 per second. While Ethereum currently does about 5 per second but maxes when it hits 6. To put this into comparison Uber currently does about 12 transactions per second and Paypal hundreds. This clearly shows the massive gaps that Bitcoin, Ethereum and even other crypto currencies face in terms of scaling.
I would highly recommend watching this area of cryptocurrency as the up and down trends are greatly going to weigh in the next few years in terms of scaling. If a feature of the blockchain comes out as a success the doubled or triples the amount of transactions that can be handled we can expect the price to increase accordingly. If it finds a way to do 100x what it currently is we will see those massive gains we have all been looking for, main stream adoption and $50,000 per bitcoin and $7,000 per Ethereum will be possible at these scales.
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The larger question.. does @eosio change the game once it's out of beta?
I don`t think EOS will ever be in "beta". As soon as the blockchain will beginn to work, EOS will handle much more transactions then any other blockchain currently. (Even more then the steem blockchain)
Not sure what EOSIO does ?
check out eos.io for more informations.
Thought someone said it is a scam? Edit: Wrong ICO. I meant AIOS
Could you give some more informations about your claim ?
This post has received a 0.52 % upvote from @drotto thanks to: @banjo.
very good post!
Good day @bitcoinflood I appreciate all the info and hard work thank you :) Followed
Yes yes, scaling is ever so important. No scaling means no future for crypto!
EOS to the moon!
The transaction times are out of this world fast.
We still don`t know of the transactions are fast, because the blockchain is not running yet. We will see that probably in a year.
Raiden on Ethereum can do million of transactions per second! Also EOS can do hundreds of thousands per second!
I don`t think Raiden is already out on Ethereum. We will see how it will play out.