this post was submitted on 03 Feb 2024
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[–] DdCno1@kbin.social 0 points 1 year ago (2 children)

This isn't propaganda and none of this has been debunked. Bitcoin can only handle a theoretical maximum of 7 transactions per second (in practice it's closer to between 3 and 5) and I'm not aware of any cryptocurrency that can handle more than 60 transactions per second. Regular financial transaction networks meanwhile handle thousands of transactions per second while consuming far less power (both in terms of electricity and computing power).

[–] Immersive_Matthew@sh.itjust.works 2 points 1 year ago (1 children)

So you have not heard of the lightening network?

In practice, How many transactions are done on the lightning network before returning to the main network?