What does Transaction mean for RChain?
The concept of a bitcoin transaction is pretty clear. It is a financial payment from one party to another. While there are some nuances when it comes to things like multi-signature wallets, or P2PK vs P2PKH, bitcoin transactions don't generally vary by orders of magnitude in complexity. That being the case, it is natural to discuss the performance of the bitcoin network in terms of how many transactions it can handle per second (TPS).