[2015-12-20] 2016, a Bumpy Road Ahead for Bitcoin Industry

[secone]

We have 10 more days to go for the new year to being. This year has been great for bitcoin and most of us. Hope you were one among them too. In one of our previous articles we discussed about the progress of bitcoin over 2015. While the bitcoin sector has had its share of ups and downs during the year, it has made a good overall progress. Now it is time to have a look at what might be in store for the digital currency in the coming year.

The adoption of bitcoin among individuals has been good in 2015, and we can expect the same thing to continue in the coming year as well. The development of products and services using blockchain technology has been on a full swing in the recent days and the potential of this technology has attracted lot of investments lately from various venture capitalists and fintech industry alike. As the year 2016 progresses, we can expect many of the much awaited products hit the market.

http://www.newsbtc.com/2015/12/20/2016-bumpy-road-ahead-bitcoin-industry/

[Cacapzarg]

"The bitcoin network is already experiencing a considerable increase in transaction volumes, leading to slower confirmations and increased backlog. These issues are likely to worsen unless the block size is increased from the existing 1 MB to something much bigger. The only way to do it is by all the parties reaching consensus, which is quite possible in 2016."

This is the most important issue for bitcoin in 2016.