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The blockchain world continues to contract

The latest word on the bitcoin transaction rate limit is that it's now reached 6 transactions a second. Wow! That certainly helps define the snail like transaction systems it might be used for, though the jury is still out on even that.

A recent article, rather catchily titled "Bittercoin: true blockchain believers vs. the trough of disillusionment", says:

"even if everyone in the world wanted to use Bitcoin — a very big if, given the irrevocability of such transactions — they couldn’t, because the Bitcoin network can only handle six transactions per second. The ongoing civil war is about the best way to deal with this restriction."

The soap opera goes on.

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