Subject.
I guess it would be similar to BTC, around 5tx/s.
The only difference between BTC and PPC transactions is the added 4 bytes time field: https://wiki.peercointalk.org/index.php?title=Transactions
As far as I know, block max size is identical to Bitcoin.
We are still down near 1KB blocks. Ppc has a minimum fee, so we are unlikely to have the problems btc is having.
If we max the block size and put out something like 10 tx/s, literally all ppc will be eaten by fees in approx 7 years. This is not a flaw, it is a feature.
[quote=“Nagalim, post:3, topic:3535”]We are still down near 1KB blocks. Ppc has a minimum fee, so we are unlikely to have the problems btc is having.
If we max the block size and put out something like 10 tx/s, literally all ppc will be eaten by fees in approx 7 years. This is not a flaw, it is a feature.[/quote]
I never did the math. Very interesting! It certainly ties into the discussion we’re having over here https://www.peercointalk.org/index.php?topic=4142.msg39564#msg39564 about the “backbone argument”.
[quote=“pillow, post:4, topic:3535”][quote=“Nagalim, post:3, topic:3535”]We are still down near 1KB blocks. Ppc has a minimum fee, so we are unlikely to have the problems btc is having.
If we max the block size and put out something like 10 tx/s, literally all ppc will be eaten by fees in approx 7 years. This is not a flaw, it is a feature.[/quote]
I never did the math. Very interesting! It certainly ties into the discussion we’re having over here https://www.peercointalk.org/index.php?topic=4142.msg39564#msg39564 about the “backbone argument”.[/quote]
[tt]365 * 24 * 60 * 60 * 10 * 0.01 = 3,153,600 PPC[/tt]
More than 3 millions PPC would be burnt each year at such a tx rate, amazing!
are those fees “burnt” or become part of the block reward for the minting stake
Peercoin fees are burnt.