What decentralized cryptocurrency could actually be adopted by El Salvador, today, without being crushed under a tx/sec bottleneck if lots of citizens tried to use it? My meager knowledge says "maybe Solana?? or perhaps nothing irl" but I'd be interested in more technical takes.
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1) Solana could, as could a few others.
El Salvador has ~6m people. If the average person has ~10 payment transactions per day, that makes ~60m/day, which is about 600/sec. Solana is currently handling about 2,500 TPS (solanabeach.io) so it should be fine.
2) Extending this out -- what if the whole world wanted to use Solana?
Then we'd be talking about ~70b tx/day --> ~700k TPS.
Right now Solana could scale to ~50k TPS, so as it is today it couldn't handle the whole world.
But the roadmap has it getting there in a few years.
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Optimism. Arbitrum. Matic.
Any Ethereum L2.
Ethereum is still the way.
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Is there a version of wrapped bitcoin on Solana? I could imagine SOL being bitcoins L2
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yup! You can deposit/withdraw from FTX/FTX US/sollet/etc.
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Just checked and it is 3284 TPS now on #solanabeach. Thats amazing. Transactions in Raydium still super fast and smooth. This network deserves a much higher mcap and adoption. Only issue I am concerned about is level of decentralisation. Any view?
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