Post
Topic
Board Bitcoin Discussion
Re: 1mb per block and scalability
by
alyssa85
on 27/08/2017, 13:00:49 UTC
Hi,

currently there are on average 300 000 BTC transaction per day.

My question is : is it possible to keep 1 mb block (with technical solutions) while the transaction numbers per day increases to 1 million, 10 millions, 100 millions...?

thanks

If bitcoin was the only cryptocurrency in existence, then yes, the 1mg thing would be a massive problem.

But if you look at the cryptocurrency space as a whole, you can see that most transactions are done outside of bitcoin - Ethereum for example usually does at least 300,000 transactions a day, and then of course there is ethereum classic, litecoin, monero, dash, doge etc.

So money is moving, it just isn't moving through bitcoin.