One of the biggest challenges for cryptocurrencies today is scalability. Blockchain, the underlying technology behind Bitcoin, has great potential to drive a decentralized global economy.
However, it is currently unable to handle the volume of transactions required to transfer value between people and businesses. In fact, Bitcoin transaction fees have risen alarmingly in recent months due to demand for the currency. This has created a bottleneck in the speed at which people transfer money across borders.
How can I resolve this issue?
Cryptocurrency mining can help solve this challenge in two ways. First, Bitcoin users will be able to earn income by confirming transactions on the blockchain through a computer or GPU (graphics processing unit). Second, we encourage miners to run full nodes and keep them up to date with the latest blocks to ensure that their own transactions are included when reviewing transactions on the network.