Bitcoin Scalability

in bitcoin •  7 years ago 

The big question for Bitcoin at the moment is scalability. We can presume that Bitcoin is struggling with this issue now. I can tell you it is not, it has been solved. A solution to this problem has been among us for a while, all the way since Litecoin. Most of us were just blind. The altcoins, they are the solution! They are all some type of copy from Bitcoin. There are a few exceptions to coins that aren't such as Iota and Hashgraph(pentended) but they do share the main idea. Altcoins are Bitcoin puppies, with tweaks and different personalities. There goes your scalability on the act. There are over 1k altcoins created and counting. We can create how many coins we need to help our scalability!
I know the currently Bitcoin fees are high and transactions time are incredibly long. However we have Bitcoin Lightning Network coming, which will easy the congestion to the network. The Lightning Network would work great withshutterstock_718232734-825x510.jpg exchanges, which causes a big impact to the Bitcoin Network. Exchanges would open their own channels on the Lightning Network and reduce transactions on Bitcoin Network by a heck of a lot. Also in my opinion Bitcoin will go POS(Proof of Stake) and this will be a game changer, but I will talk about this in a future blog. In conclusion Bitcoin will remain the one that spreaded the seeds to a revolution that is already changing the world as we know it, providing true peer to peer decentralized transactions. Satoshi new what he was doing when he made Bitcoin open source and simple. Bitcoin will always be the first DOG!

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