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Topic: Could the scalability of the Bitcoin Blockchain be enhanced without sacrificing - page 2. (Read 244 times)

newbie
Activity: 8
Merit: 20
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transferring bitcoin on-chain has proven to be a very costly, inefficient, and lengthy operation.

This is just not true.
Until las week I was transferring satoshis here and there for as low fees as 3 sats per byte, 5 sats per byte.

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I firmly believe that developments that make the network more useful and efficient are necessary if Bitcoin is to stay competitive and ahead of other blockchains.

Bitcoin is better than any other shitcoin if you run the first version of it. "More useful" blockchain is just a way to pervert the purpose that this thing was created in the first place.

A bunch of people were worried about how to transact with each other without having a State bureaucrat  on your neck seeing everything and able to censor if they don't agree with what you use your money for.

If you want other utilities, go somewhere else. Leave the thing that is working fine alone and create your own thing.

1. Transfer money freely between free individuals
2. Make impossible to States and Governments and any institution to prevent you from having what is yours or using your money as you wish.
3. Useful commands to make business transactions, complex transactions between business and individuals to be more efficient and secure

Now we have:
3. Use it like a cloud storage to save stupid low resolution images
4. Use it like a notebook to save useless jsons for useless imaginary tokens

See how the thing is degrading slowly?

Just stop messing with what is working peacefully.

I would not be surprised if the incredible Ordinals idea had come from a Government agency seeking to destroy the real purpose of Bitcoin.
member
Activity: 168
Merit: 77
They claim that because the Bitcoin blockchain can only handle a specific amount of transactions and data within a predetermined amount of time, transferring bitcoin on-chain has proven to be a very costly, inefficient, and lengthy operation. I firmly believe that developments that make the network more useful and efficient are necessary if Bitcoin is to stay competitive and ahead of other blockchains.

I've come to understand that the Bitcoin Blockchain's scalability issues are the reason for this. There are now limits on how many transactions the Blockchain can process in a second. Furthermore, there are also continuing discussions about how to increase the blockchain's scalability without compromising its decentralization and security. which brings me to my query. Is it possible to enhance the Blockchain such that it can handle an infinite number of transactions every second without jeopardizing its decentralization and security?
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