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Author Topic: Interesting read again on Bitcoin scaling challenges  (Read 118 times)
junoreactor (OP)
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January 01, 2018, 11:30:49 AM
 #1

HOW BITCOIN WILL MEET THE SCALING CHALLENGES NEEDED TO GO MAINSTREAM

The Internet comparison is interesting, however the Internet never had competitors (well not yet), the Internet was actually some kind of a big improvement to "Minitel" (who remembers this in Europe?). Right now, Bitcoin is still far from being an improvement to current payment alternatives existing on the market, apart from its anonymity qualities. Most importantly it is facing huge competitions from many other digital currencies.
If Lightning Network comes into place and is a real success, then we can talk again  Smiley
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Nubitcoinerr
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January 01, 2018, 12:03:22 PM
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Will be eagerly watching how/if scaling challenges can be improved upon.
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