THE BIGGEST ISSUES IN CRYPTO SCALABILITY

[lauraaashley]

Because of the demand of transactions - Visa and MasterCard process around 7000 transactions every second and this has been the issue with crypto because there is limited space on the blockchain technology and people do not know when and where they r on the blockchain so there Is limited space. Because of this - there are Slow transactions and High fees - due to the demand to get into the network.

If we want crypts to be adopted as mainstream decentralized market then we need to have at least thousands / tens of thousands to compete with visa or MasterCard

TRANSACTIONS per SECOND -
BTC - 7
DASH - 10
LTC - 50
XRP - 1500
XRB - 7000

Comments

[coin.info]

Coins mentioned in post:

Coin		Price (USD)	📉 24h	📉 7d
BTC	Bitcoin	8761.890$	-13.76%	-22.37%
DASH	Dash	580.559$	-16.51%	-26.77%
LTC	Litecoin	134.969$	-17.37%	-24.45%
XRB	Nano	16.228$	-12.99%	16.32%
XRP	Ripple	0.862$	-24.58%	-32.57%

[steemitboard]

Congratulations @lauraaashley! You have received a personal award!

1 Year on Steemit
_{Click on the badge to view your Board of Honor.}

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - France vs Croatia

---

Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes

---

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!