What Value does the ThunderCore Scalable Blockchain Have? — Market Mad House

ThunderCore is asking what value could a scalable blockchain have? Scalable means that you can expand a blockchain fast.

Ideally, a scalable blockchain will handle hundreds or thousands of transactions per second (TPS). Unfortunately, today’s blockchains are not scalable because of all the encryption and security measures they have.

Most analysts, for instance, estimate Ethereum can handle 15 transactions per second, Coindesk notes. However, Visa processes around 1,700 TPS, Hackernoon’s Kenny Li estimates.

Can ThunderCore Solve the Blockchain Scalability problem?

Under these circumstances, the world’s largest payment processor Visa (NYSE: V) can handle 150 million transactions a day.

However, an Ethereum based gaming platform like Abyss (ABYSS) could crash if it tries to accept over 15 payments. Thus, Abyss could not accept enough payments to make money from its’ games with current blockchain technology.

This is the great blockchain scalability problem that you may have heard of. ThunderCore is one of several platforms trying to solve the problem by building a scalable blockchain.