You are viewing a single comment's thread from:
RE: BitShares Viewed as a Venture Capitalist's Dream
"It routinely exceeds VISA daily transaction rates." can you point me to some proof of this claim please
"It routinely exceeds VISA daily transaction rates." can you point me to some proof of this claim please
VISA rates are typically quoted at 2000 to 4000 transactions per second.
BitShares stress test put it into the high end of this range at 3300 transactions per second.
And that was a limit on how many transactions we could throw at it, not a limit on what it could handle. Never broke a sweat. Lab tests point to 180,000 transactions per second through the code's main choke point.
Stress Test Highlights
I should have said "easily" rather than "routinely" and the word "daily" is superfluous. - Fixed
I would love to see more of these statistics. Can you point us?
But those stress test statistics aren't made up. Here's a link to them again: https://steemit.com/bitshares/@ash/current-bitshares-testnet-stress-test-highlight-3300tx-14000ops
93.7% of all statistics are made up like this one.
Or, as Abraham Lincoln once said, "Don't believe everything you read on the internet."
From what I've got from google it looks like VISA does around 300 Million txs a day. BitShares did 1Million, which is great but the quoted statement I believe is inaccurate. Even if you're talking per second rates. 300M/day is around 3500 tx/s. BitShares can do that but it doesn't currently "routinely exceed" those rates.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://usa.visa.com/dam/VCOM/global/about-visa/documents/visa-facts-figures-jan-2017.pdf&ved=0ahUKEwju5LzjncbWAhXlslQKHUYgA1sQFgglMAA&usg=AFQjCNFtmQ4auBGMaBXpEoZfLGR6AW6QZQ
Visa lists their own capacity at 65,000 tx per second as of August 2016 in this PDF from their website.
Yes, we must be careful to compare apples to apples:
Theoretical Capacity: Visa 65,000, BitShares 180,000 TPS
Demonstrated in Daily Action: Visa 2000-4000, BitShares 3300 TPS
Indeed... one day steemit need to do a lot more..
Dear @xeldal, I wrote a post to reveal a spammer that has the reputation of 69, whose id is firepower. Now firepower is flagging me like mad and threatened me publicly. He also led s4s to flag me. I noticed that you delegated a large amount of SP to s4s. So I would like to know whether you support the spammer, firepower, and whether you can leash s4s not to bite me. Thanks
I would really like to see you put a converter on the wallet page so we could quantify our assetts. It takes me
me a while to figure where all of the bts came from. Was it Bts falling or some of the assets going up. Is there
compitition between open ledger and Bitshares. I am a lifetime member and hate the home page.