Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Scalability
by
kryptqnick
on 19/12/2019, 15:20:39 UTC
- Hard Fork - change block size
- Lightning Network
- Sharding

Is there any other methods which might solve the bitcoin scalability problem ?

Are we talking theoretically, or in practice? Because I don't think sharding will ever be implemented in Bitcoin. It completely trades off redundancy -- the backbone of the P2P protocol -- for scale. Ethereum is being forced to consider it because of its unsustainable throughput demands, but the "decentralist" camp won't let it happen in Bitcoin.

Maybe we should start by identifying the exact issue. How do you define this "Bitcoin scalability problem?"

Thanks for your comment. I would describe Bitcoin scalability problem as (correct me if I am wrong) - inability to process a large number of transactions (like for example VISA). which result in impossibility to implemented Bitcoin as normal daily payment method for large amouth of people.
I think that the Bitcoin scalability topic has been well-covered already, but in case you want to broaden the horizon and learn as well as share some other info, please consider DAG technology which is used by some cryptocurrencies instead of a blockchain. DAG solves the scaling problem in a long-term perspective, but has another flaw that's been pushing it down for years: if Bitcoin is great at first and problematic as more people join, DAG has the opposite issue. But because DAG has transaction confirmation issues at the early stages, it did not get a chance to show what it's capable of if we get behind this stage. The most famous DAG crypto is IOTA, you can find out more info online if you're interested. Good luck!