OPTHERIUM - Transaction Speed, The Ecosystem Combined with Instant Currency Conversions and Confirmations
_Bitcoin currently has notable transaction costs after being hyped as near- free for the first few years of its existence.
In the last quarter of the year 2016, it can only process about seven transactions per second, and each of the transaction cost about $0.20 and can only store 80 bytes of data.
There are two general principle in analyzing transaction speeds for a given cryptocurrency: The time it takes to get from one wallet to the other — the confirmation time. And the other is the amount of transactions per second, which is a key figure in determining the scalability of a particular cryptocurrency.
The speed of transactions may vary due to network congestion and the cost provided when making the transaction. So it is not quite fixed in stone, and there is much conflicting information on actual transaction speeds. It is an area that is constantly evolving with new features and additional users on the network.
Optherium, An Ecosystem provides an array of private blockchain networks which allow instant on-chain and cross-chain transactions at more than 100,000 transactions per second, as well as peer-to-peer roles and permissions to protect sensitive information. Optherium achieves such high transaction rates by using blockchain channels in a unique way. Each blockchain channel consists of five nodes and can reach approximately 3,500 transactions per second. Optherium combines many of these channels to form a platform layer, and many layers to facilitate multi-decentralization and maximum security.
Optherium Labs creates a modular ecosystem around itself, the Multi-Decentralized Private Blockchains Network, which provides fast transaction and instant confirmation using MultiSecure transactions, dynamic user biometric verification that includes multiple currencies and various forms of digital assets. Optherium Ecosystem will act as an operating system for markets, data exchange networks, digital currencies and decentralized communities. Each of which is stored in a multi-centered personal block network in the Optherium Ecosystem.
FEATURES OF THE OPTHERIUM ECOSYSTEM:
_1. Revolutionary decentralized dynamic biometric security verification system. 2. _Unmatched Multicurrency capabilities and multisignature security for companies or individuals._ 3. _Lightning fast transactions with ‘instant’ confirmation at a rate of 100,000 transactions/sec with multiple channels._ 4. _Revolutionary Key Recovery Service._ 5. _Robust Know Your Customer Protocol._ 6. _Comprehensive Digital Rights Registry._ 7. _Powerful and comprehensive B2B and B2C platforms and capabilities._ 8. _Financial transactions with mutual transparency._ 9. _Share of the company’s commission structure based on ownership of the Optherium currency._ 10. Secure API with a nominal transaction fee structure._
FIND BELOW A VIDEO PRESENTATION ON THE OPTHERIUM LAB
1._The Optherium platform would ensure greater transparency and lesser complexities than any other existing platform_ 2. _The platform will reduce excess high cost incurred during trading_ 3. _Optherium platform will ensure efficient delivery of products as at when due._ 4. _Comprehensive Digital Rights Registry_ 5. _Robust Know Your Customer Protocol_ 6. _Powerful and comprehensive B2B and B2C platforms and capabilities_ 7. _Revolutionary decentralized dynamic biometric security verification system._
FIND BELOW A BREAKDOWN CHART OF EACH NETWORK’S TRANSACTION SPEED CAPABILITIES:
- _Visa: 24,000 transactions
- _Ripple: 1,500 transactions
- _PayPal: 193 transactions
- Bitcoin Cash: 60 transactions
- _Litecoin: 56 transactions
- Dash: 48 transactions
- Ethereum: 20 transactions
- Bitcoin: 7 transactions_
Optherium can have one set of peers that write transactions and a second set of peers that only verify transactions. In this scenario, transactions that occur between two users registered in the same region will occur on multiple ledgers in the same region. These transactions can be written by one set of users (peers), and confirmed by a second set of users (peers), thereby decreasing the time it takes to confirm the transaction. Optherium leverages multiple blockchain channels simultaneously to achieve a transaction throughput that is unheard of in today’s blockchain industry.
**NOTE: This article is just a guide to prospective clients, investors and every person scorching for a slice of this amazing project,
You can get more information about these project with huge potential by following the link below:
Telegram Chat — https://t.me/optherium_club
Telegram Channel — https://t.me/optherium_channel
Youtube — https://www.youtube.com/c/OptheriumLabs
Facebook Group — https://www.facebook.com/groups/optherium/
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2407711