Transactions per second
Comment on Over 2 percent of the US’s electricity generation now goes to bitcoin
Mango@lemmy.world 9 months agotx/s?
WaterWaiver@aussie.zone 9 months ago
makeasnek@lemmy.ml 9 months ago
Expensive is relative. It’s expensive to send a $5 transaction and pay $1 in fees. However, you can move a million dollars in value and pay that same $1 in fees. That $1 in fees can also open a lightning channel which can contain essentially infinite transactions within it. For small transactions, Lightning transactions settle in under a second for fees measured in pennies.
Compared to a bank wire, western union, or other remittance services, $1 is an absolute steal.
Sanyanov@lemmy.world 9 months ago
Transactions per second