Me also thinks scalability is not a deal but other major problems might be on the way so preparations needed.
Cheers,
SJD, CEO,
https://bitcoinmix.org/
Topic: Is scalability the biggest problem with Bitcoin,and how is it being dealt? (Read 182 times)
October 21, 2018, 12:43:13 PM
October 11, 2018, 08:29:34 AM
Ahh no, we're not even reaching Paypal-level transactions in the mean time, so scalability is not an issue and certainly not the biggest, if anything. With the move to SegWit, we are already experiencing fast transaction speeds, lower than before tx fees and overall improvement in the network. I'm more concerned on the state of bitcoin's economy rather than the actual protocol itself. Devs have done a great job in getting a solution for a rather nonexistent issue.
October 11, 2018, 08:10:46 AM
The scalability is currently not a problem anymore. Look yourself: do you have a problem currently to use Bitcoin? Nope, right? And between SegWit, Schnorr, we have still improvements that can be added/used
It's like the energy disaster regarding Bitcoin, it's subjective, and only people with their own interest see a problem
It's like the energy disaster regarding Bitcoin, it's subjective, and only people with their own interest see a problem
October 11, 2018, 05:25:35 AM
Scalability ia not the biggest problem. It's not even a problem yet.
Let's wait for it to become a problem, then core devs will find a solution for it.
For now, transactions are fast and cheap.
Scalability problem is just a propaganda made by bcash chills.
Let's wait for it to become a problem, then core devs will find a solution for it.
For now, transactions are fast and cheap.
Scalability problem is just a propaganda made by bcash chills.
October 11, 2018, 12:34:10 AM
As we all know ,that a block is added when a transaction takes place. The block size increases, understandably, as the history of the blocks increases. Though initially the bitcoin block were handcapped at 1Mb,but there could be many transactions that could be made on a coin,so it was far less.Bitcoin has increased its cap per-block,but this leads to another problem and that is with the increase of blocksize,the processing speed for any transaction will also increase.So whats the solution for all this?
Hardfork is done to make all the changes acceptable in any block chain ,making the previous invalid blocks valid.Most of the miners do it so that they could spin it into their own version of that blockchain and those versions are all mostly equipped with SegWit.What SegWit does is to increase the block size limit to 4Mb, resulting a single block to hold the records if more than 8k.But the problem presents itself again as the limit exceeds again.
What is your take on all of this?
Hardfork is done to make all the changes acceptable in any block chain ,making the previous invalid blocks valid.Most of the miners do it so that they could spin it into their own version of that blockchain and those versions are all mostly equipped with SegWit.What SegWit does is to increase the block size limit to 4Mb, resulting a single block to hold the records if more than 8k.But the problem presents itself again as the limit exceeds again.
What is your take on all of this?
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