Comment Re: Only? (Score 2) 166
Bitcoin currently has a theoretical limit of 8.67 million transactions/day.
Bitcoin has no theoretical limit of the number of daily transactions it can process. Currently, Bitcoin settles about 600,000 payments per day by recording them on the blockchain. On top of that, millions of transactions are processed every day over the lightning network, a second layer protocol suitable for smaller, near-instant low-cost transactions.
The lightning network protocol allows parties to open up a payment channel and start sending transactions to others also on the lightning network, almost as fast as network latency allows. There is no limit to the number of transactions per second that can be processed over the lightning network.
At any time, a lightning channel may be closed by recording the final balance on the blockchain, creating a single on-chain transaction that is effectively the aggregation of all transactions that took place on the lightning network.