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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Jentot on November 11, 2020, 07:45:16 PM

Title: Bitcoin Is Not (Yet) Technically Compatible With Mass Adoptiondecrypt.co
Post by: Jentot on November 11, 2020, 07:45:16 PM
Bitcoin Is Not (Yet) Technically Compatible With Mass Adoptiondecrypt.co

If Bitcoin were the world's default digital payment method, it'd have to process 700 billion transactions a year—slowing the blockchain to a crawl.
For the world’s leading cryptocurrency, mass adoption as a form of electronic cash was the original goal. But these days, while Bitcoin’s price has increased, people are more likely to treat it as a store of value. And while we’re seeing a boom in non-cash transactions, merchant payments made in Bitcoin are down. Many users have concluded that it has drawbacks as a way of making purchases, being slower and more expensive (at least for smaller transactions) than traditional cash.

See more for yourself here (https://decrypt.co/47913/bitcoin-is-not-yet-technically-compatible-with-mass-adoption).