Bitcoin and blockchain technology may give us some insight into the future of payment processing but it sure has a long way to go. VISA handles on average around 2,000 transactions per second (tps) and peaks around 4,000 tps during high shopping periods. This is just a fraction of their capacity, which is said to be around 56,000 transactions per second. Paypal, in contrast, handled around 10 millions transactions per …
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Bitcoin Core developer Eric Lombrozo recently announced that he is willing to support the execution of a 2MB block size hard fork if the Bitcoin Core development team’s Segregated WItness (Segwit) is activated first. Lombrozo stated: “I will happily support a block size increase HF as long as Segwit activation is not held hostage to it.” Over the past two weeks, Lombrozo has been collaborating with developers, experts and industry …
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