Huge bitcoin project moving to another platform because of block size limit

[maxcarjuzaa]

Long story short this is a massive project from a bank in a 3rd world country. They were trying to use colored coins but guess what? bitcoin can not handle the transaction volume

This is extremely sad.

Devs are thinking that we are no hitting the block limit, but reality is projects are not choosing bitcoin because of this limit.

Think about this as the highway, you do not wait for the new citi to grow to build the new highway you build the road first and then the people build the new citi by the highway.

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[stuff0577]

Maybe it about the transaction volume or maybe not and it also depends on their countries regulation.

[avatar_kiyoshi]

What this meaning is? op will build a project for support block size be more better?
it's make me confused

[alwinlinzee]

What type of project is this? I know for sure that no bank like cryptocoin but if you have facts that a 3rd world country bank have an interest in a project relating to cryptocoins let us know the details because I think it is a welcome idea.

[maxcarjuzaa]

I can not disclose details, all I can say is that I am working with a local bank, we will launch on 2016, we are defining the technology right now, bitcoin is one of the alternatives (not completely discarded yeat) but we need block size to grow since this would be a massive application with millons of customers and at least a couple of hundred thousand transactions a day.

[mustyoshi]

What coin are you moving to?

[melisande]

This will be great and I will be watching this thread for any update, which month of 2016 will this be launched?

[alwinlinzee]

I can not disclose details, all I can say is that I am working with a local bank, we will launch on 2016, we are defining the technology right now, bitcoin is one of the alternatives (not completely discarded yeat) but we need block size to grow since this would be a massive application with millons of customers and at least a couple of hundred thousand transactions a day.

I agreed that such thing could be kept as a secret but there should be a regular update of this thread so that the project will always fresh in our mind.

[Newar]

Ok, bye!

[melisande]

This thread is part of my watch list, OP is there any update as regards this project? I am interested in this project due to bank involvement.

[btc_enigma]

Long story short this is a massive project from a bank in a 3rd world country. They were trying to use colored coins but guess what? bitcoin can not handle the transaction volume

This is extremely sad.

Devs are thinking that we are no hitting the block limit, but reality is projects are not choosing bitcoin because of this limit.

Think about this as the highway, you do not wait for the new citi to grow to build the new highway you build the road first and then the people build the new citi by the highway.

If its a project from a bank, I am glad its moving away from bitcoin blockchain ! Good luck to them