Possible to create a 1-second block generation rate system ?

According to this document:
http://www.cs.huji.ac.il/~avivz/pubs/13/btc_scalability_full.pdf

It seems possible.

Now... the obvious advantage is that it will allow Ethereum to replace cash in physical places. (i.e. paying Ether in restaurants and brick-and-mortar physical shops).
Bitcoin's delay of 10 minutes is a stop-gap for this application.

-Technologov

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