Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Paglamon 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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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
-
yes of course because the more people who use bitcoin the more expensive it will be because it will be more difficult to get bitcoin and the effect of the limited supply will make the price more expensive from year to year.