Is there a proper announcement to be made on Bitcointalk.org? Since a few features have been changed (100 TPS, 3 sec blocks, no bond market) it makes sense to do a new thread with instruction to to obtain these new tokens (buying, migrating).
For the BTS2 network we will revert to only fetching 1 transaction at a time which will limit throughput of the network to under 100 TPS. This will only be a limit in the P2P code which can be upgraded at any time without requiring a hard fork.
If the network is generating anywhere near 100 TPS per second then the network will be earning more than $1M per day in fees and our market cap would be closer to Bitcoins market cap
So we are now capped to 100TPS until the P2P code is rewritten, right? @bytemaster
Think this is important to communicate clearly, as there is a lot of misleading information out there saying 100.000 TPS.
And I guess it is not in our best interest to advertise false numbers.
There never was the claim that BitShares can handle 100k .. the claim was that the technology is capable of doing so in certain environments ..
Removing the 100tps limitation is done quickly ... if required .. but we are far away from those transaction loads .. so we have plenty of time left to improve the network code
Sure 100.000 TPS will be possible with new code, but this is the case for every crypto...
No .. it is not ..
In Bitcoin, every transaction goes to an address which is the hash of a
public key .. this fact caps the scalability because in order to run the
"protocol" (moving funds from A to B) .. the process needs to deal with
addresses (hashes)
In BitShares, ECC verification can be done in PARALLEL and the
"protocol" is applied in a single-threaded process (to keep consistency
etc..) .. this process does NOT need to deal with hashes but only
account ids.
And this leads to scalability way beyond what is possible in ANY other
crypto currency ..