I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.
The transaction should be develop and improve. Actually, the Ethereum is more faster and better when in terms of transaction. The people will feel more convenient to use bitcoin if the transaction will become more faster and better. 
Topic: What does bitcoin need to improve? - page 4. (Read 4146 times)
The only thing bitcoin needs to improve is transaction fee and the transactions time. It is excruciating that bitcoin has transaction fees more than altcoin and especially investors.
Well the only problem that I have faced using bitcoins was it's high transactions fees and slow confirmation but as segwit and soon coming lightning network bitcoins will have low fees and high transactions speed. Devs are already working on Lightning Network, but with Schnorr multisig is handled like a regular signature, which make transactions more secure.
There are so many factors impeding on bitcoin's general acceptability.. I think if these factors need to be improved on.
The factors are as follows:
The low speed of transaction confirmation and the high transaction cost.
That's right buddy, I will share the same thought with you buddy to what you have said factors for the Bitcoin to improve. The "low speed of transaction confirmation and the high transaction cos" is what most people are keep on complaining regarding Bitcoin, but still, Bitcoin is my best crypto currency. The factors are as follows:
The low speed of transaction confirmation and the high transaction cost.
With bitcoin, I feel a large amount of the crypto asset is found withing 20% of the total population that have it. Although bitcoin is good but the time taking to comfirm transactions needs to be faster. Unlike the 30 minute window time, also reducing the transaction fee.
Bitcoins need to work on their scalability capability and the high transaction fess. When these two issues are tackled then bitcoin is assured of its leading role in the cryptocurrency world.
There are so many factors impeding on bitcoin's general acceptability.. I think if these factors need to be improved on.
The factors are as follows:
The low speed of transaction confirmation and the high transaction cost.
The factors are as follows:
The low speed of transaction confirmation and the high transaction cost.
Bitcoin needs to increase the transfer speed.
Transfer speed on Bitcoin will make Bitcoin more attractive.
Currently, Bitcoin technology is actually good but the weakness lies in the transfer speed is still a bit slow.
Transfer speed on Bitcoin will make Bitcoin more attractive.
Currently, Bitcoin technology is actually good but the weakness lies in the transfer speed is still a bit slow.
I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.
Well, as you mentioned it, Bitcoin has to level up its quick and secured form of services. I have not heard of large time hacking incidents involving Bitcoin but as the hackers are always looking for ways to succeed, Bitcoin should be able to anticipate them and be one step ahead all of the time. As to its quickness, there are more than a handful of coins that can beat Bitcoin. This is something that Bitcoin should take seriously and urgently before it's too late.
if in my opinion that need to be increased bitcoin. how bitcoin can be available in every country. and be assured that investing in bitcoin is very useful and can change our future for the better .
I do not yet know exactly what is often a bit of a constraint in bitcoin. because I am a new user and still in learning. it seems a lot of obstacles to the delay in transacting. and that should be upgraded to be in the process fast, so it will make many users feel comfortable.
I think that after all bitcoin is still the best cryptocurrency out there because it's the safest. Of course there still is the speed problem, but probably it's gonna be solved soon.
I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.
By spreading positive news about bitcoin and how you benefit from the bitcoin, it will make your country think again whether using bitcoin is beneficial or not. Because of that we make someone's confidence grow back when the negative news spread makes people do not believe in bitcoin.
It has to improve the way transactions are being handled. Bitcoin is the pioneer crypto created that opens the door to cryptocurrency world that we are now embracing. The popularity of bitcoin should never be doubted. If it is to lower its fees and make transfer transaction than the newly created coins in the market, it will surely increase the people's interest and faith in bitcoin, and this will bring about vast development.
I begged that bitcoin should be enhanced by its stronger security. Bitcoin requires a system that can prevent people from day to day trading.
The first and foremost thing Bitcoin should improve is the transaction cost. Its higher rate should be reduced. And the second thing is the time consumption. It takes a whole lot of time to exchange. It should be minimized.
I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.
The first thing that I want Bitcoin to improve is the speed of the transaction. It is very slow, usually I have to wait 1-2 days to make his transaction. Then the transaction fee. It's tall and unfriendly to newbies and little money.
The most straightforward of things to enhance are exchange time and exchange cost. Bitcoin, best case scenario is usable for huge exchanges (still far from being obviously true) it is not the slightest bit reasonable for miniaturized scale exchanges at this moment. On the off chance that it can ever get affirmation times directly down and expenses to be pennies or less then the utilization cases will build ten times. Different regions bitcoin can enhance are the vitality necessities used to mine bitcoin, it will dependably be a staying point for some and a remark bitcoin over. In the event that a way can be found for mining to stay as is as far as benefit and capacity yet to extraordinarily diminish vitality utilization then that would be a major change.
BItcoin should have a recognized owner. The owner of the system should make a way to recognized the system by the government just like what happen to the casino and other gambling activities which is being recognized by the government. This is not an issue anymore since the government had already taking a step to regulate cryptocurrency so that it will not be abuse by anybody like those criminals, to finance a terrorist group and etc.
Bitcoin like any other crypto has to start getting some real time use and we need to see practical application. So far the actual uptake of any of the coins is for all practical purposes zero and people are losing interest. Lets face it there needs to be a mass adoption by some major platform like Facebook where Bitcoin can be traded peer to peer with others on Facebook including business and not always having to convert back to USD. For example what is the f*&îing point in these bullshit credit cards like wirex where you have to put your Bitcoin into a wallet and then buy USD with it so you can use it as a credit card - what is the point? I may as well just use my credit card. Please for the love of God can we see some actual take up of a crypto technology that is just not experimental and something that real people can see and understand. I mean they are advertising the power of blockchain in adverts during the world cup. NOBODY KNOWS what the f*&^% that means and neigther do the frigin marketers. I am telling people now that if any of the cryptos are actually going to survive they need to demonstrate actual usage now and not always just be some potential gimmick that may work in 5 years time!!
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