Topic: What does bitcoin need to improve? - page 7. (Read 4146 times)

Bitcoin Cash has Zero-conf for instant transaction and very low fees.  If these are your concerns, you should check out the higher performance version of Bitcoin: Bitcoin Cash.  If you prefer very high fees and slow transactions, Bitcoin Core is for you.

Many altcoins now offer transactions with sufficient time, affordable fees and transaction security are also guaranteed, though bitcoin is currently the king of cryptocurrency but if it does not follow the growing trend it may be a bitcoin can be rivaled by altcoin
BTC

I think this is perfect, need to improve the speed of transaction and reduce the cost even more, BTC would be great do not forget to promote more if possible to compete with other coins.

BTC should increase the speed of transaction confirmation and will open the door to many economic sectors. And BTC has certain undeniable benefits as payment. If BTC is widespread enough, it could have great potential for the general economy. First, for foreign-traded companies - as universal traders in international trade, where it will reduce the cost of currency transfers as well as foreign payments altogether.

Bitcoin was the first digital currency launched here in our world that was 2008. Because of that bitcoin was known as the king of all currencies and the most popular. It will be hard for the other currencies to dethroned bitcoin as the best one because it is in demand right now. To keep the popularity of bitcoin they should improve some failures like the transaction fees are too high make it more convenient and the speed of transaction is too slow make it more high speed. And then improve their unstability market price and the security system.

I think the thing to think about is how to get the legality of each country, because even if any success without legality in each country can affect the user.

it is no problem, bitcoin is built to make the transaction solution fast and secure. if there is a coin that has more security and transaction speed than bitcoin, that's great. meaning technology is growing so fast. today many developers are racing to make future progress.

Bitcoin needs to accept most of the governmental regulations like the KYC and AML implementations in order to remove the FUD in the people and attract more investors. Also, Bitcoin needs to improve upon its transaction speed as many people get on the Block.

For me i think they need to improve their transactions. And they need to improve their price and regulations.  And they need to be more identify about the users here in bitcoin, so that the hackers would be harder to break in.

Bitcoin need to be more identify about the users and become harder for hackers to break in.
Hackers really are a big problem of Bitcoins , especially with blockchain.

Currently BTC has met the standard of trading, I think only improve on price and regulation of floor price and ceiling price. BTC prices can only fluctuate in that amount, so it will be stable and can bring them into real life.

Business sectors are slowly but surely getting themselves into cryptocurrency. I saw a small business here in my country and they are now accepting bitcoin, nem and other popular cryptocurrency and for me it is a good sign that soon enough, the bigger businesses will accept it also and use it as their preferred mode of payment.

The popularity will help to improve for more unexpected transactions with regards to the new digital currency . If bitcoin and altcoins is being accepted in the world,  this new technology will surely be develop and will be used in business sectors.

Also, bitcoin needs to improve its price stability, it gets lower easily this past few months, some of people are now doubting about its potential to get higher.

On my experience there is nothing amiss with bitcoin beside its high expenses, its unstable nature is most likely not leeway but rather for me it compliments bitcoins market and make it considerably more helpful for exchanging. I think its still too soon for altcoins to topple bitcoin and by one means or another bitcoin makes altcoins sparkle increasingly and they go as an inseparable unit in this issue.

Ofcourse bitcoin has to improve its transaction speed) Because it's veeery long!!

Bitcoin never need to improve. However, the regulations and policies regarding crypto has a huge impact on the mother of all cryptos bitcoin. It is us people who are making the price low.

The only thing the bitcoin to improve is bitcoin will be accepted by all establishment worldwide tgat are connected to internet ,like that of visa and mastercard, and then thats all , bitcoin have already establish in the world of cryptos and its price value are already in the number one spot of the market,

Batching Solutions, This is not a solution that is easy to implement on a large scale. This will require the creation of a series of different outputs without affecting the total weight of the transaction. This feature will help increase scaling in Bitcoin blockchain. The number of transactions will not increase but more output will be allowed per input. Batching combines multiple transactions and makes it one transaction by increasing the number of outputs per input.

Schnorr Signatures Solutions, this solution will increase the scalability for Bitcoin by combining some required signatures into a single signature that can be used to unlock transaction output. The script will have one signature representing the individual signature aggregate. This will reduce the size of in-chain transactions, increase the speed for validation, and, increase privacy.

Atom Swap Solution, This concept will allow automatic exchange of cryptocurrency based on SCRIPT language. This achieves this by opening one lock box and giving the other party the power to open the other. Each lock box requires a signature and a key to be opened so that both will be safe. If anything goes wrong, the lockbox will return both agents within 48 hours. This solution reduces privacy on the chain but can be effective for protocols outside the chain.

If these projects are completed and successfully implemented, then Bitcoin blockchain will be significantly increased.

It can not be denied if the competition in the world of crypto currency increasingly tight. Crypto currency that can not follow this competition will not get a place in the market and just become garbage without anyone looking to look. The existence of bitcoin is now threatened by the presence of other crypto currencies that bring more sophisticated technology. Although bitcoin still leads the crypto currency market and is still popular but it has become a red light for bitcoin. It is time for bitcoin to make changes by offering more innovative technology. I'm sure if bitcoin offers something new then public confidence in bitcoin will get better. There are some things that need to be improved from bitcoin, including transaction speed, stability in case of hard fork, bigger block size, and of course other technological innovations that can be a plus bitcoin value.