If I understood well, NEM solves the problem of scalability with a dynamic block size, and each block is just the size of the transactions in it. Is that correct?
No, every crypto currency uses dynamic block sizes in the sense that the more transactions a block contains the bigger the block is. NEM is not special in that sense.
As far as I know, Bitcoin has a 1 MB block size.
That is the max block size, it can be smallet if the miner puts only few transactions into the block.
Thanks. Does NEM have a max block size?
NEM has a max of 120 txes per block which means that currently the network is (artificially) limited to 2 txes/s.
but of course this will be 4000 TX/ S in the near future with catapult.
In the mijin demonstration experiment, the performance of 4000 tx/sec is issued.
But that is not geographically dispersed, it is the value of using 32 GB RAM 8 core CPU etc.
In order to achieve this performance, it is also necessary to separate the current NIS server into a DB server and an API server and operate them.
The public chain NEM does not need the performance so far.
I guess three digits are the limit as a specification that can guarantee operation.
The public chain will never do 4k txes/s. And it is not needed too.
Why will never do 4k TX/S? Isn’t a feature of catapult mainnet upgrade? Saying that will never do 4k TX/S sounds really bad and negative.
First of all there is no need for 4k txes/s in the public network.
Also, to have 4k txes/s you need big servers, you cannot do it with a 2GB vps.
Those 4k txes/s are aimed at private blockchain use cases. So it is interesting for major companies only.
Is it possible to increase this limit or it is pretty much fixed?
Not really fixed but i think it might be smarter to explore the capabilities of catapult since ultimately it will replace NIS and will have a larger block size.
Yes, we’re all waiting for Catapult to go public!