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Daily Discussion Megathread – November 6, 2018

Cryptocurrency news and discussions.
Daily Discussion Megathread – November 6, 2018

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submitted by /u/CryptoCurrencyMod
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My post with ~300 views, 90+% upvotes (15ish) got deleted after 2 hours over @ /r/NEO

I'll just repost here what I've posted there:

Title: Question about NEOs current TPS and the 100 000 TPS that we should get until 2020

Body:

I read a post about how some smart contract congested the network by distributing cgas.

That brings me to the question, how is this possible? This contract was "spamming" 100s of thousands of transactions, however shouldn't that be easypeasy for the network?

By 2020 we are promised 100k tps!

Browsing the neotracker, the biggest block I found contained ~170 transactions (please correct me if you find bigger ones!). Blocktimes are at 15 seconds (in best case), so that brings us 11tp/s.

What am I missing, am I calculating / observing wrong?

How are we supposed to jump from 11tp/s to 100 000 tp/s? (that is 0.011% of what is promised)

submitted by /u/S1r_Mar71n
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