Why Comparing Bitcoin with Centralized Systems Based on TPS is Wrong

Twitter Facebook LinkedIn On the Bitcoin network, whether it is a transaction worth $100 or $1 million, it costs the same miner’s fee to process the payment. On October 16, a $194 million payment was moved on the Bitcoin network with a mere $0.1 fee nearly instantaneously. Through legacy banking systems, weeks of paperwork, days of settlement system, and a significant load of compliance work is required to clear a payment of that size. The research of Nic Carter, a Partner at Castle Island Ventures and the co-founder of Coinmetrics.io,…