Post
Topic
Board Economics
Re: One of the biggest challenges that we will encounter in Bitcoin
by
Faeton
on 31/07/2018, 05:45:00 UTC
One of the biggest challenges that we will encounter in Bitcoin is the Scalability problem which means there is only limited amount of information that can be contained or its capacity. I'm sure that there will be more people who will going to join the campaign which will result to a possible delay during processing or trading. So how can we provide a solution on this or how to ensure that all the trading done were saved once delayed before bitcoin achieves mainstream adoption?
The small bandwidth of bitcoin in the number of transactions per second, called scalability, has always been one of the main problems of bitcoin. Of course, the current seven transactions per second for the current bitcoin is catastrophically small. In ethereum, for example, with its fifteen transactions per second, they plan to soon implement the Plasma project, which will give this coin the ability to carry out hundreds of thousands of transactions, and in the future millions of transactions per second. It really will be a good scalability and ethereum after that should well rise in price. And what will happen to bitcoin further?