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Author Topic: What does bitcoin need to improve?  (Read 4109 times)
jeepuerit
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June 14, 2018, 05:39:29 AM
 #621

I think we need to find out the way to improve Bitcoin transaction speed. For these days we need to wait about 30 minutes or maybe more than that to receive enough 6 confirm to complete a Bitcoin transaction, I think it's really long. Although there are so many transaction accelerate service but they're not really good and sometime it doesn't work. Hope that we will never having to see thousands Bitcoin transaction stuck or pending for too long anymore Smiley
The transaction is fast, it's in a different market, so I just want to reduce the bitcoin tax fee when transferring bitcoin to another market or wallet. It does not take up to 30mins. When dealing with bitcoin, the market is probably dependent on their service speed.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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ejswift
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June 14, 2018, 05:48:03 AM
 #622

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.
bitcoin needs to update so we need new feature with bitcoin and bitcoin needs to partnership with companies so that bitcoin can recover or get help easily

mriansa
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June 14, 2018, 06:15:39 AM
 #623

it seems that bitcoin does not need to improve again because I see the bitcoin is very good no need to improve again, maybe that can be done to improve is a very expensive transaction costs.
erichall
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June 14, 2018, 06:21:56 AM
 #624

Obvious the slow transactions and the expensive fees. The average person won't be using bitcoin to buy a coffee when the transaction fees are the price of the coffee.
dillpicklechips
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June 14, 2018, 06:22:51 AM
 #625

Bitcoin is the most popular and trustable  digital currency nowadays but despite of the positive reviews about bitcoin there are still a lot of things to fix and improve in this system just like the security they should tighten the security to avoid those sammers and hackers. And also the transaction fees and speed they should lower the cost of the transaction fees and improve the speed. And lastly the market price which is always changing because of the demand.
Maruf Nazir
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June 14, 2018, 06:34:21 AM
 #626

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, improve in this system just like the security they should tighten the security to avoid those sammers and hackers. users using bitcoin by hsving rules and regulations that fits to the improvement of bitcoin.
ekeh
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June 14, 2018, 06:38:39 AM
 #627

Bitcoin is simply know as commodity which we have two different set of people in industry which bitcoin really need to develop the community more, therefore the set of people simply know as demand and supply towards the system, with this, it keep improving more
tonysitaly
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June 14, 2018, 06:41:03 AM
 #628

Transaction speed and transaction cost are the place where bitcoin needs to be improved. If it is better to do on these two issues, the bitcoin will be quickly accepted and widely used.

abiola1
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June 14, 2018, 06:49:09 AM
 #629

I think the principle upgrades requirements for Bitcoin " Transaction expense ought to be lessened and quicker exchange needs as well. I think the principle upgrades requirements for Bitcoin " Transaction expense ought to be decreased and speedier exchange needs as well
BlackRacerX
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June 14, 2018, 06:49:52 AM
 #630

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

Obviously, the issues bitcoins need to address are the slow transfer rate and the expensive transaction fees. Imagine sending small amounts of bitcoins and it appears that you have to pay double of what you're planning to sell. In my opinion, these problems are to be addressed for bitcoins to remain on top.

DunnDy
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June 14, 2018, 06:50:42 AM
 #631

Bitcoin is greatly optimized but it goes without saying that just like everything else has its own minor disadvantages or inconveniences. The great and complicated security often fails despite appearances. Furthermore, Bitcoin has a big margin for improvement . For instance, the transaction time could be even shorter and the transaction fees even smaller. Of course, these changes aren't required at this time, however, the cryptocurrency that wants to constantly develop and still be the largest and dominant must strive for perfection.

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June 14, 2018, 07:36:45 AM
 #632

I dont see bitcoin need improvement. But if thats happen, hopely on transaction fee. When price below $10k, bitcoin transaction fee still cheap but when the price above $15k, transaction fee is much expensive. But i think its still reasonable because bitcoin depending on miners to keep transaction data

SamsonFlores
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June 14, 2018, 07:53:40 AM
 #633

Bitcoin can be earned simply by playing Counter Strike.In theory, it can become a rival to PayPal, Western Union, even Visa and MasterCard.
cyriljundos
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June 14, 2018, 08:15:19 AM
 #634

the need for bitcoin to improve must have a bitcoin card to speed up the transaction and the bitcoiner will not even be able to process coins

shkwarka333
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June 14, 2018, 08:19:59 AM
 #635

To begin with, he needs to expand the block, today it is one of his main problems. As soon as he solves it - will be solved a lot of questions and moments.
S.R Rikto
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June 14, 2018, 12:53:02 PM
 #636

Bitcoin is greatly optimized but it goes without saying that just like everything else has its own minor disadvantages or inconveniences. The great and complicated security often fails despite appearances. Furthermore, Bitcoin has a big margin for improvement . For instance, the transaction time could be even shorter and the transaction fees even smaller. Of course, these changes aren't required at this time, however, the cryptocurrency that wants to constantly develop and still be the largest and dominant must strive for perfection.
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June 14, 2018, 01:56:54 PM
 #637

Maybe more faster bitcoin transaction and should very low transaction fees that would I like to improve the bitcoin so that more people will use bitcoin.
Chaelbrin
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June 14, 2018, 02:07:36 PM
 #638

Bitcoin keeps on controlling the digital money advertise becuase it has been the primary cryptographic money, it has the biggest measure of backings and it has been demonstrated to have a steady framework for a very long time.

A large portion of the altcoins turned out at 2016+, regardless of whether they figured out how to pick up a great deal of significant worth, despite everything they won't have the capacity to pass bitcoin in light of the fact that they don't have the help bitcoin has.

I trust that bitcoin has a great deal to enhance, starting with taking care of exchanges, are cash it is restricted to around 3-4 exchanges per second, and all the more then that will admirable motivation the entire framework to be overwhelmed in clients, yet those issues apply to all the sort of digital forms of money, you simply don't see it at different monetary standards in light of the fact that lone bitcoin was figured out how to get so much activity.
Fongsay
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June 14, 2018, 02:16:01 PM
 #639

Atom Swap Solution

This concept will allow automatic exchange of cryptocurrency based on SCRIPT language. This achieves this by opening one lock box and giving the other party the power to open the other. Each lock box requires a signature and a key to be opened so that both will be safe. If anything goes wrong, the lock box will return both agents within 48 hours. This solution reduces privacy on the chain but can be effective for protocols outside the chain.

If these projects are completed and successfully implemented, then Bitcoin blockchain will increase significantly.
mourinho hala 98
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June 14, 2018, 03:14:58 PM
 #640

The most urgent need for bitcoin is the high rate of small transactions, which will greatly restrict the development of the community.
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