Chains are good to stay fair

The book I read nowadays. I should focus on one book at a time. (It is how to accomplish things in life I came up with.) But before dive into this book which I started only today…. Take a look at this wonderful article about bitcoins.  Particularly interesting thoughts were the next:

Yet for all this profligacy bitcoin remains limited. Because Mr. Nakamoto decided to cap the size of a block at one megabyte, or about 1,400 transactions, it can handle only around seven transactions per second, compared to the 1,736 a second Visa handles in America.

Seven transactions per second… Hm… Only seven transactions per second. I believe it is limitations what makes things attractive.

 If blockchains have a fundamental paradox, it is this: by offering a way of setting the past and present in cryptographic stone, they could make the future a very different place.

So my advice to use the next: don’t be late comer, get interested to “blockchain” right now as you can expand the idea of it in your place.

Leave a Reply