The preceding point about deal recognition is very important due to the fact that it is luring to compare the energy density of Bitcoin deals to something like Visa (V). Bitcoin can just manage 7 deals per 2nd compared to Visa’s 24,000+. But, keep in mind, Bitcoin doesn’t utilize energy to verify deals. The miners’ task is to protect the network, include brand-new blocks of information to the chain and win bitcoin in return. That’s what they invest energy on. They’re not mainly thinking about confirming deals. That agreement on the real state of the network is mainly the task of non-mining, Bitcoin complete nodes. Plus, Bitcoin deals are not the like Visa or other payment processors’ deals. Bitcoin deals provide (probabilistic) finality, Visa’s don’t. Visa’s success depends upon the success of different systems. Visa’s “token” is foreign to its network.
