Clearly bitcoin needs to improve on these things:
1. Transaction speed
2. transaction cost
Topic: What does bitcoin need to improve? - page 43. (Read 4148 times)
First of all BTC should be taken as primary currency on every service providing websites, it could be replace Paypal or other currencies.Bitcoin is is strong based crypto currency.Further BTC should be provides more opportunities to earn with.We know it's a quite easy to use, and also strongest crypto currency.But just should be change these in basic and minor things and give facility to their users and their investors.
One more thing that bitcoin needs to improve is to spreading its operations. We all know that BTC now are limited its operation in any other parts of the world.
So I think by right advertisement thru social medias, national television (medias/press) we can encourage other people to engage their selves into Blockchain technology.
So I think by right advertisement thru social medias, national television (medias/press) we can encourage other people to engage their selves into Blockchain technology.
For me they need to improve the gas price of every transaction that we can made. As a small trader for me transaction fee will be the problem in every transaction i can made. My profit will getting more low.
security, trustworthiness and trade in prices that are more attractive, no matter how much crypto is emerging they will not easily gain the trust of investors no matter how prudent the process is and every process takes time, it is unlikely that they gain instant confidence even if they are packaged their products attractively, and btc has been through every process during this time, I think btc deserve to remain a king in the eyes of crypto money
Bitcoin needs to improve the time for completing the confirmation so the transaction doesn't need to wait for a long time. Bitcoin needs to reduce the transfer fee as transaction fee is quite expensive.
We need an advance algorithm to handle scaling. We dont need a blocksize increase just like what Roger is whinning about. If scaling has fixed. There will be no delay and there is no need for BTC accelerators.
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.
I think the main issue of bitcoin is the higher cost of transactions, as we know that the presence of bitcoin is the solution of the high cost of bank transactions, if the cost is the same as the banks then I prefer the bank because it is more secure and fully guaranteed.
Bitcoin needs the support of the investor community and the real user base. They always hold bitcoin value and experience with negative news. They will be the driving force for bitcoin and crypto to grow in value as well as practical meaning.
I think bitcoin developer need to improve the transfer speed of transaction because now bitcoin process its a slow now 3 to 4 hrs before we send and we receive bitcoin in our wallet and special the fee its to high I hope the dev work on it.
improved services in faster and cheaper transactions I think it is important to be improved by bitcoin. Since both of them are fast and low cost will greatly affect how many investors to invest bitcoin
rebranding and increased transaction speed, reduced transaction costs,
I think the most important of all is the recognition of the legality of the big country
and that would make Bitcoin more famous than even currency
I think the most important of all is the recognition of the legality of the big country
and that would make Bitcoin more famous than even currency
I do not think bitcoin will be dethroned. Why? If bitcoin goes down then most of the alt coins are going down either
Remember that you need bitcoin to buy alt coins
Okay so fiat first, then bitcoin and then exchange it to other alt coins
If ever bitcoin be dethroned then not today nor tomorrow but in years
If bitcoin is swayed then the price of alt coins are affected also
Remember that you need bitcoin to buy alt coins
Okay so fiat first, then bitcoin and then exchange it to other alt coins
If ever bitcoin be dethroned then not today nor tomorrow but in years
If bitcoin is swayed then the price of alt coins are affected also
We see that altcoin's presence makes bitcoin investors move to invest in altcoin, because bitcoin is now difficult to raise its value again. While altcoin still has a chance to double its value quickly. Bitcoin should be developed by making bitcoin acceptable in many countries as a payment system in addition to the country's currency.
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.
first, bitcoin as a currency accepted by the market becomes so little and limited. Why? Because most users tends to hold it and use it as an investment.
Next transaction fees are getting higher while taking much longer. I would rather go to remittance centers like western union rather than use bitcoin for remittance as fees are much cheaper and transactions are much faster.
Do I hate bitcoin? No. I just want bitcoin to reach it's full potential that is hindered by users.
I don't see how close any cryptocurrency is in dethroning bitcoin. So far, all you see is that the other cryptos go down when bitcoin goes down. How does any crypto dethrone bitcoin if it cannot make any independent rise? Bitcoin is just doing fine. When more people start accepting bitcoin for their products it will begin to soar even higher.
The only thing that I can see that Bitcoin needs to improve is its scalability. Because if Bitcoin wants to be the first digital currency, then it should accommodate or simply increase its block size per transaction. I don't have any questions about its security because I know blockchain is nearly impossible to get hacked.
I think Bitcoin is indeed the first virtual currency I know before any other altcoin. I think all altcoin depends on the sale price of Bitcoin.
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.
if bitcoin continues to grow its market that accept it as a payment, bitcoin will have a higher price. We all know that majority of bitcoin is used as an investment rather a currency. So some of the coin were held instead of rotating the market thus affects supply and demand of it.
The only thing that I can see that Bitcoin needs to improve is its scalability. Because if Bitcoin wants to be the first digital currency, then it should accommodate or simply increase its block size per transaction. I don't have any questions about its security because I know blockchain is nearly impossible to get hacked.
I totally agree with that opinion the scalability is one of the important things because day by day people start knowing bitcoin and we need a fast transaction and lower fee the good is bitcoin is decentralized that cannot control by any one i like blockchain technology.
Bitcoin needs to improve fast transaction and confirmation. Also need to put bitcoin machine in every place for other option of receiving and transferring bitcoin, if we have this kind of system we also easily pay our bills in different stores. Another opinion from me is to make an advertising for bitcoin so that many people become interested on it.
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