What does bitcoin need to improve?

[Angela28]

Although bitcoin is very good in terms of the whole but it needs to be changed to better fit the present situation as well as better suited for the development of science and technology today.

[renggileh]

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.

I think only one need to be fixed from bitcoin, that is transaction cost.
if it could be bitcoin transaction costs somewhat on the press even lower, because I think now transaction costs are still too high.

[petubtc]

probably lower transaction fees and faster transaction speed.

[miraj0007]

I think Bitcoin can make a lot of progress in human life. Bitcoin prices will be reduced when selling, if you can buy Bitcoin once the value of the price increase, it will be very beneficial. So, there are many improvements in life through Bitcoin.

[hammo]

bitcoin can improve upon are the energy requirements used to mine bitcoin, it will always be a sticking point for many and something to attack bitcoin over. If a way can be found for mining to remain as is in terms of profit and function but to greatly reduce energy consumption then that would be a big improvement.

[oni4an]

Why improve it? It is wonderful that looking at Bitcoin began to develop and other cryptocurrency, but Bitcoin will always be at the top and will always be the king, on which other cryptocurrency only dream to equal.

[dutchkay]

Everyone believes that bitcoin is the future but for it to be globally accepted as a means of payment some improvements are needed. Transaction money need to be reduced so that bogus will not be experienced like the last time it went really high.Speed of transactions also need to be improved so that it can handle several transactions at same time to match the current payment system we have now.

[PAKYU]

I would just add that bitcoin is improving all the time. Some days ago they upgrade bitcoin blockchain. it increased the speed of thransactions and made them cheaper.

[uozer]

Bitcoin to me as well needs nothing to improve because it has steadily been working based on it's initiated objectives. It is we the users of Bitcoin that needs to advance, promote, correct and improve the way we uses Bitcoin especially during its Trading or it's investment. We must correct wrong impression  that generates lots of FUDs in our economy within our capacity, we must promote Bitcoin by investing and be holding on long Term basis essentially, we must always be optimistic without fear or panic of any sort trading Bitcoin.
I also felt, Exchangers can improve the slow confirmation by paying due sums and reduces generally the fees charged so that Bitcoin can also be easily accessible by the interested poor.

[ucok_aball]

I would just add that bitcoin is improving all the time. Some days ago they upgrade bitcoin blockchain. it increased the speed of thransactions and made them cheaper.

development is what we always expect for bitcoin, although more users or enthusiasts should be coupled with the development of a blockchain system, either through hardfork or another

[Jennycrypto]

Bitcoin improvement will depend on many factors,  but the most concerned among others factors is it scalability,  then regulations if there is regulations from from government, it will increase bitcoin adoption.  this is my perceptions

[rindayle]

I think in bitcoin itself does not improve anything, and to hold a set of activities that will lead to cooperation with the governments of the countries and the legalization of the coin.

[saqibmunir]

Everyone believes that bitcoin is the future but for it to be globally accepted as a means of payment some improvements are needed. Transaction money need to be reduced so that bogus will not be experienced like the last time it went really high.Speed of transactions also need to be improved so that it can handle several transactions at same time to match the current payment system we have now.

Blockchain system for bitcoin has its security and terms for a transaction to made possible. And waiting with a quite a short time will depends on the cost you take to run out your transaction it is very simple their are greater cost for this fees in the ecosystem of both bitcoin and cryptocurrency that simply support one another. It may be a good point to improve it but it work as fine as possible for now.

[Btc-Behlool]

Bitcoin need to be advertised to majority it must be much famous in the world to attract many people to be improved.....

[among]

Bitcoin pioneer Nick Szabo said cryptocurrency should make four “most important improvements” in the coming years as Bitcoin’s fortunes reverse this month.

SPOTLIGHT ON TECHNICAL ROBUSTNESS
In several tweets April 24, the renowned cryptocurrency figure identified “more secure storage,” decentralized exchanges, second-layer technology such as the Lightning Network and privacy as top priorities for the industry.

His ideas come as the consumer sphere related to cryptocurrency continues to face scrutiny of its technical robustness.

read the whole article here: https://bitcoinist.com/nick-szabo-3-things-bitcoin-improve/

reference; https://bitcoinist.com/nick-szabo-3-things-bitcoin-improve/

[Rustandy]

Batching Solutions, This is not a solution that is easy to implement on a large scale. This will require the creation of a series of different outputs without affecting the total weight of the transaction. This feature will help increase scaling in Bitcoin blockchain. The number of transactions will not increase but more output will be allowed per input. Batching combines multiple transactions and makes it one transaction by increasing the number of outputs per input.

Schnorr Signatures Solutions, this solution will increase the scalability for Bitcoin by combining some required signatures into a single signature that can be used to unlock transaction output. The script will have one signature representing the individual signature aggregate. This will reduce the size of in-chain transactions, increase the speed for validation, and, increase privacy.

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 lockbox will return both agents within 48 hours. This solution reduces privacy on the chain but can be effective for protocols outside the chain.

[vual]

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.

I believe we have to discover how you can enhance Bitcoin deal pace. With regard to nowadays, we have to wait around regarding 30 to 40 min's or more compared to which to get sufficient 6 verify to accomplish the Bitcoin deal, I believe it is lengthy. Even though you will find a lot of deal speed up support however they are not necessarily great as well as at some point it does not function. Wish that people won't ever needing to observe 1000's Bitcoin deal trapped or even impending with regard to too much time any longer.

[muneeb.zain]

As there are nothing is perfect in the world not even the humans itself are so there are many glitches in everything and everything needs to be improved with the passage of time so the bitcoin also the creation of the modern human and it must become better with the passage of time and things could be better.

[smartemo]

it will be more published and advertise to everywhere.and bitcoin team should be more different strategy like offer and free coin like who play games and win,he/she earn currencies.

[Usmanmuhon]

I don't think bitcoin need to any improvement.
Bitcoin is the most popular crypto currency.Day by Day it is more popular. Bitcoin continues to control the cryptocurrency market .the only think bitcoin need to improve is probably lower transaction fees and faster transaction speed. Need more publicity and advertise.