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Author Topic: Working On Scalability Issue Of Original Bitcoin  (Read 5067 times)

Offline Paglamon

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Working On Scalability Issue Of Original Bitcoin
« on: May 27, 2020, 10:25:37 AM »
Bitcoin, however, being a successful cryptocurrency became a matter of conflict because of its block size for high transaction volumes. It allowed up to 7 transactions per second as it was having a block cap of 1MB. Bitcoin Cash having 32 MB ceiling too could not prove to be of much support for the use. Hence, the main objective of Bitcoin SV hard fork was to work on the shortcoming of Bitcoin in terms of scalability by managing the block size and capacity of transactions.

As mentioned above, Bitcoin became a matter of feud due to the reason for block size for the transaction volumes that are higher. But with the main objective of Bitcoin SV hard fork, now Bitcoin won’t have to face any issues with a hard cap. There will be a better capacity for the transaction and also no barrier of limitation. The ever persisting issue of Bitcoin’s block now could be solved by reforming its scalability and inner capacity.

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Working On Scalability Issue Of Original Bitcoin
« on: May 27, 2020, 10:25:37 AM »

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Offline Senin

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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #1 on: May 27, 2020, 08:50:33 PM »
The scalability of bitcoin is indeed one of its most important problems. So far, it has not been possible to solve this problem globally. There are various ways to solve it, such as a network of lightning, but in general this problem remains. Because of this, Bitcoin will soon be in big trouble, since in general the rest of the cryptocurrency is developing quite quickly.

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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #2 on: May 29, 2020, 03:38:49 AM »
They (Bitcoin Cash and Bitcoin SV) offer a variety of ways to the best thing against Bitcoin but in fact they cannot afford to compete with Bitcoin, this is reality!
They (Bitcoin Cash and Bitcoin SV) still have shortcomings, namely the #DevelopmentTeam  that is notified and always provides FOMO news that results in losses to the traders. Evidenced by Bitcoin Cash ABC and everyone knows this story.

Offline Noverteno

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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #3 on: October 07, 2020, 06:17:03 PM »
They (Bitcoin Cash and Bitcoin SV) offer a variety of ways to the best thing against Bitcoin but in fact they cannot afford to compete with Bitcoin, this is reality!
They (Bitcoin Cash and Bitcoin SV) still have shortcomings, namely the #DevelopmentTeam  that is notified and always provides FOMO news that results in losses to the traders. Evidenced by Bitcoin Cash ABC and everyone knows this story.
In BTC, I do not see a team at all, and therefore individual groups cannot come to an agreement, including on the issue of increasing the scalability of Bitcoin. Therefore, it still has a scalability of seven transactions per second. No other cryptocurrency has such a low bandwidth. It looks like we'll just put bitcoin in a museum soon as a still working exhibit.

Offline Black ID

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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #4 on: October 12, 2020, 06:08:51 AM »
I don't think Bitcoin SV and others will have a big impact on bitcoin. Because after all, bitcoin stood alone. However, it is indeed with good scalability, making bitcoin able to survive until now. And able to ward off bad news about bitcoin in circulation.
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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #5 on: October 12, 2020, 08:47:14 PM »
Bitcoin ranks among the members of blockchain technology for higher transactions. That is why the amount of transactions became more controversial. I hope you don’t have to face the problem. But the face must have tried. There are always some obstacles in the way of better power for transactions. But since Bitcoin is a perpetual currency, there are insiders about it. As a result, Bitcoin is in a better position.
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Offline damsix

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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #6 on: October 14, 2020, 02:21:55 PM »
For the scalability problem in Bitcoin it is indeed a problem because we all know that Bitcoin is a special attraction when each block runs out in the mine, you will think how it can run later.
Bitcoin is still the prima donna, until now Bitcoin still has a good value when compared to Bitcoin Cash SV and Bitcoin Cash ABC.
retire and rest in peace

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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #6 on: October 14, 2020, 02:21:55 PM »


Offline labonikhatun

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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #7 on: October 14, 2020, 03:07:56 PM »
Millions of projects were born with the goal of creating an optimized blockchain platform for businesses, governments and entities that want to issue stablecoins to save time and money. Through the multi-DAG protocol the project has developed a new sens reduction mechanism (POT) which has increased scalability by 10,000,000 TPS. Bitcoin's project helps reduce transaction costs and speed up processing. Thus crores are particularly suitable for creating payment platforms.

Offline Prime

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Re: Working On Scalability Issue Of Original Bitcoin
« Reply #8 on: October 15, 2020, 11:40:22 PM »
The bitcoin existence is something that always gives interesting things. But we should know that other people may also think about it. So, just make it a kind of choice to make certain transactions, trading, and also investing much better. It may also influence the value of BTC
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