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Author Topic: Is blockchain too inefficient?  (Read 434 times)
thesavoyard (OP)
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June 22, 2017, 05:52:03 AM
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 So BTC is a failure because it can't be properly updated to modernize. Segwit will delay the inevitable, it's inability to scale. However, Ethereum having a weak blockchain really surprised me. Is this proof that blockchains spend tons of electricity to accomplish very little? Can a blockchain be made that can handle tens of thousands of transactions per second? The only way crypto can become the world's money is if it can scale.

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June 22, 2017, 05:54:23 AM
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tons of electricity

Yes.

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eagle10
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June 22, 2017, 06:04:41 AM
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So BTC is a failure because it can't be properly updated to modernize. Segwit will delay the inevitable, it's inability to scale. However, Ethereum having a weak blockchain really surprised me. Is this proof that blockchains spend tons of electricity to accomplish very little? Can a blockchain be made that can handle tens of thousands of transactions per second? The only way crypto can become the world's money is if it can scale.

Yes I guess somehow, Bitcoin has all the option but failed to correct some issues.
Fastpow
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June 22, 2017, 06:08:12 AM
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So BTC is a failure because it can't be properly updated to modernize. Segwit will delay the inevitable, it's inability to scale. However, Ethereum having a weak blockchain really surprised me. Is this proof that blockchains spend tons of electricity to accomplish very little? Can a blockchain be made that can handle tens of thousands of transactions per second? The only way crypto can become the world's money is if it can scale.

Yes. Eos.io
Yuhee
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June 22, 2017, 06:16:14 AM
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So BTC is a failure because it can't be properly updated to modernize. Segwit will delay the inevitable, it's inability to scale. However, Ethereum having a weak blockchain really surprised me. Is this proof that blockchains spend tons of electricity to accomplish very little? Can a blockchain be made that can handle tens of thousands of transactions per second? The only way crypto can become the world's money is if it can scale.

Yes I guess somehow, Bitcoin has all the option but failed to correct some issues.

I think we are just not giving blockchain enough time for them to solve the issue. But from what i see, that is its upgrade already. Especially the transaction fee. Along with the increase of btc to dollar it is just but normal to increase the fee. For  me those are  not issue rather change that we the members must accept and that is also the risk blockchain is taking that may make its member acknowledge another chain.
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June 22, 2017, 06:41:56 AM
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oh, inefficient is Bitcoin Core team.

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