awesome, had to change my avatar just for the ninjaness of NEM
100 tx/s = 8.64m tx/day.
Many bank settlement and clearance only needs 1 million or two a day. This is going to work!!
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The question is how ?!? 
(Sorry for the quality)
No tricks involved, this is still blockchain technology.
This is not an animation, this is live-stream of blockchain data.
There are only 5 accounts exchanging transactions, that’s to keep animation on the left simple and aesthetic.
btw, bit accidentally, you can see block changing around 4th sec
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OMG , you just knocked me off my feet!
It’s been a while that I was thinking about the possibilites regarding transactions , I spoke about it in on slack exactly one mont ago.
This is really revolutionary!
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wow, 30 second block times, 750 transactions per block, 25 transactions per second.
Is there any info available on how it works ?
I doubt it’s just the lower blocktimes 
My best guess is that it’s NEM on steroids
Mean servers running adapted NEM code, ( lower blocktimes and higher slots per block). Probably it’s a simplified version of what is actually going on but maybe NEM can be scaled to these proportions ???
What I would like to know however is how the private networks will deal with 5k transactions per second !??
How would this be integrated with the blockchain ? (transaction packages ???)
As far as I know the 2 transaction per second limit was always an artificial limit. (Not a dev so I don’t really know, but it sure handled 2 per second with no problems when we spammed).
I’m sure they have been working hard improving NIS. But I also bet out of the box, it could have handled more than 2 transactions per second.
How does this compare in the field of altcoins?
What are bitcoins/ETH and other’s limits on transaction speed?
https://bitcointalk.org/index.php?topic=1153740.0
Bitcoin says 7 per second but it is really good if it could get 5 in real life.
Ethereum will have a lot but not sure how many.
I checked. The information was a little old but the Ethereum testnet got 20-30 per second and they aim to someday have 100k
Really blockchains with low tx/s limits won’t scale. So we want it high.
Imho all tx/s information for most blockchain systems are bullshit and here’ why.
If you perform a a tx right now chances are it’s gonna take somewhere between 1 and 100 seconds to be confirmed (guesstimate).
If we assume a constant 60 sec blocktime then NEM, right now has 120 tx/min. Anything else is bs. You can’t just calculate it to seconds and say 2tx/sec because that’s not how it actually works. Odds are you won’t get 2 tx confirmed in 1 sec.
The per second value should be calculated by checking how many tx will be confirmed in a second if I initiate them right now. The answer to that is most likely 0 unless you are really lucky with the blocktime.
In all traditional blockchain schemes you can only give tx/blocktime values.
@patmast3r: how many tx/sec a blockchain can swallow without dying and how fast txes are confirmed are two different things.
True, but I think when people talk about tx/s they talk about cleared tx not just tx that are in the queue. Could be wrong of course.
When I talk about TPS, it’s the averaged number of transactions the network can handle. In other words the transactions that can be pushed though the system in a sustainable way without creating queues in the long term.
So : average(#transactions per block /block time)
I suppose pat means it’s not an absolute number unless you would have 1 second block times
Mijin was mentioned in this recent Fast Company article: