Post
Topic
Board Altcoin Discussion
Bitcoin (BTC) approaching $ 9000 - How is the Price Continued?
by
bojokusugih
on 21/04/2018, 20:41:20 UTC
Bitcoin (BTC) approaches $ 9000. In December, the value of Bitcoin (BTC) jumped to more than $ 19,000, causing a jump in volume as demand increased. But this also reveals one big problem that Bitcoin has, and that is a matter of scalability. Bitcoin can not handle volume increases, and transaction costs increase as speed slows. Now that prices are rising again, we tend to see recurring problems.

So what is the solution? The network of lightning has been censured as a solution for some time now, but is it really worth it? For the most part, it can solve the bitcoin (BTC) scalability problem, considering it takes the load off the main chain. Unfortunately, this creates another problem, and that's the problem of centralization.

In order for the network of lightning to work, it takes several large centralized entities known as the lightning hub to handle transactions outside the chain. This hub works in a way similar to a traditional deposit bank. It defeats the whole essence of bitcoin in the first place. After all, bitcoin was created to be a decentralized peer-to-peer currency that operates without centralized control.