Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Scalability
by
squatter
on 19/12/2019, 21:03:49 UTC
The only ways to increase ONCHAIN Scaling for a single blockchain.
1.  Increase BlockSize
2.  Faster BlockSpeed
3.  Compressing More Transactions into a given blocksize

The first two options only increase throughput. They don't address the system's ability to handle that throughput.

Quote
Scalability is the property of a system to handle a growing amount of work by adding resources to the system
https://en.wikipedia.org/wiki/Scalability

Optimizing transaction size actually improves scalability. The next such major upgrade will probably be the addition of Schnorr signatures, which will drastically lower multi-signature transaction size.

Improving validation and initial sync speed or reducing bandwidth, latency and storage usage also improves scalability because they reduce the costs of increased throughput. Enough improvement in these areas can justify additional block size increases, especially as improving technology makes high speed internet and cheap storage more widely available.