isaac_clarke22
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January 24, 2020, 03:28:46 PM |
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It will always need more development. OP, when was the last time you saw a flaw in Bitcoin? Think of it as like a business that continues to get new franchise worldwide, it expands and gets further reach. Are you aware that even your Chrome browser gets new update, but from how you look into it, it looks perfect already right? It's the same way as Bitcoin. It continues to be developed.
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Accountsell
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January 24, 2020, 03:29:03 PM |
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As subject goes, is Bitcoin the maximum version?
Is it still possible to develop it?
or
Can we still expect better coin than Bitcoin?
I do not think, bitcoins needs any more development. We peoples love bitcoins as they are and hence we should continue using them as they are. Are we really expecting any change in the blockchain technology? It would be good if the technology gets more advanced but not much changes are required in bitcoins.
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BeManga
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 24, 2020, 04:05:56 PM |
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As subject goes, is Bitcoin the maximum version?
Is it still possible to develop it?
or
Can we still expect better coin than Bitcoin?
bitcoin is still under development it will get more update in the future to match what the users needs that's why we also don't need to expect a better coin than bitcoin because bitcoin itself will be upgraded in better version in the future.
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Swordsoffreedom
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January 24, 2020, 08:21:00 PM |
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As subject goes, is Bitcoin the maximum version?
Is it still possible to develop it?
or
Can we still expect better coin than Bitcoin?
I do not think, bitcoins needs any more development. We peoples love bitcoins as they are and hence we should continue using them as they are. Are we really expecting any change in the blockchain technology? It would be good if the technology gets more advanced but not much changes are required in bitcoins. By this logic, scenario of thousands of unconfirmed transactions (which happened in late 2017) would happen again and honestly, Bitcoin was barely functional at that time. There needs to be changes and development because new challenges will emerge and Bitcoin will need to offer solutions. Just look at SegWit and Lightning Network. And solutions that will increase anonymity of bitcoin transactions are being developed at the moment.
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gentlemand
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Welt Am Draht
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January 25, 2020, 12:06:35 AM |
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I find it bizarre when people seem to believe it's somehow frozen in aspic. There is a difference between making an announcement about an announcement and 'partnerships' vs real work. The latter actually makes progress. This is completely out in the open for all to check at any time - https://github.com/bitcoin/bitcoinCan anyone spot anything going on there? I can.
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FaithInCrypto
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mada mada dane
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January 25, 2020, 01:43:56 AM |
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Bitcoin is different from other altcoins in terms like this. Seems like it has its own world that cannot be accessed by other altcoins so there is still room for improvement. Not everyone uses computers and not everyone has access online so we could still say that Bitcoin and the team has a lot more work to do to overcome the gap.
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Free1bitco.in
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January 25, 2020, 04:03:13 AM |
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halving will occur this year, and that is one proof that bitcoin is still being developed, and the high price can also be proof. however, technology will always be improved, especially on the internet. in the case of altcoin which exceeds bitcoin, you can expect it, and in the future, there will be coins like that, but for now, not a single coin has approached or can replace bitcoin.
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taufik123
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January 25, 2020, 04:44:32 AM |
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Bitcoin is now increasingly recognized by the world community, bitcoin is fairly young age still under 20 years, of course bitcoin still needs better development for the future. There is no perfect system. Bitcoin is increasingly being improved and currently bitcoin also has developments such as Lightning Bitcoin and Liquid Bitcoin, this supports bitcoin to be more efficient in making transactions and fees become cheaper. For coins that are better than bitcoin there may be and continue to emerge, but for the most decentralized coins it might be very difficult to rival bitcoin. However bitcoin remains the first coin to affect other altcoins, because all altcoins use BTC points as trading on the exchange.
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blckhawk
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January 25, 2020, 05:23:21 AM |
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There is a lot of room for improvement. From its slow transactions, to power-hungry PoW system, and all these scalability problems. There's nothing that does not need more improvement, we always seek, and must always do, and does not become stagnant.
Altcoins are there in hopes of becoming the better version of Bitcoin. Though being the better is always subjective, it does bring this point, we always need to improve.
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bitvalak
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January 25, 2020, 06:27:50 AM |
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Until now, the development of bitcoin is still continuing because there are still some problems that become obstacles to the maximum adoption of bitcoin. For example, such as transaction speed and lack of use of bitcoin transactions between users. So far only user transactions to exchange are still very high number of transactions. Of course this development will require a long time, certainly not predictable when.
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drlukacs
Sr. Member
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l0tt0.com
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January 25, 2020, 06:47:52 AM |
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As subject goes, is Bitcoin the maximum version?
Is it still possible to develop it?
or
Can we still expect better coin than Bitcoin?
No one currently owns bitcoin, and no one can develop and upgrade it. Actually, there are still a lot of altcoins far better than bitcoin. alts like LTC, XRP, CS, ... have very fast transaction speeds and cheap fees, because their network is really good and can handle millions of transactions in just a few seconds. but its value cannot be equal to bitcoin because it has control. Here people don't like having to hold any kind of assets under control, which is why bitcoin is so expensive. It was all in Nakatomo Satoshi's calculations. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Casdinyard
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January 25, 2020, 07:04:30 AM |
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As Bitcoin is a decentralized bitcoin
I hope you also mean blockchain. But it needs to be developed yet and it will develop more in upcoming years.
Sure it will be as we have many back end developers that continues to innovate nor maintain the network. Those unsung heroes of bitcoin innovation. Who are Bitcoin's Unsung Heroes?
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Sadlife
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January 25, 2020, 07:09:57 AM |
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Im sure as time goes by we could realize some features of it but for now. It is the most advanced and innovative technology that is. It's 100 years more advanced than any payment system out there. I guess the only thing we could do about Bitcoin technology is fixing its issues, for example the market cap 21 million what would happen if it mined it all then the world isn't still ready for BTC ? things like that i guess.
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electronicash
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January 25, 2020, 07:22:42 AM |
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its not the ultimate coin but its stable that doesn't need much development. BTC had been forked many times for its development but there were also development that can work on top of its blockchain like the Lightning Network. quantum computing is a threat to Bitcoin which the team may actually be working to make it quantum proof and because of there may be another fork in the future.
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Eugenar
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January 25, 2020, 08:09:40 AM |
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its not the ultimate coin but its stable that doesn't need much development. BTC had been forked many times for its development but there were also development that can work on top of its blockchain like the Lightning Network. quantum computing is a threat to Bitcoin which the team may actually be working to make it quantum proof and because of there may be another fork in the future.
Basically forking bitcoin doesn't really affect bitcoin itself, forking happens because people want more upgrade but unfortunately, they couldn't change the bitcoin itself, but they end up creating new crypto, and if people think that quantum computers, could affect bitcoin and that makes bitcoin need upgrade, probably there is no concrete proof of quantum computers to affect bitcoin blockchain network, so the fear of it for upgrade isn't necessary. I highly consider upgrade for bitcoin should focus on transactions speed.
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Youghoor
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January 25, 2020, 04:34:41 PM |
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Any technology or system will definitely need an update as time goes on. The bitcoin blockchain technology will definitely need more development considering how the world of technology and invention keeps growing. Bitcoin blockchain technology is an open source technology meaning any developer can have access to the source code of the entire framework of the technology and develop a feature that can enhance the bitcoin blockchain network...
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Latviand
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January 25, 2020, 04:41:39 PM |
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Who said bitcoin is on its maximum development? It's still being developing all time and there are a lot of space to grow for developing. Can we still expect better coin than Bitcoin?
If we think about different features of bitcoin with some other existing coin, they are better. You can get a better coin but you can not get the most decentralized coin.
Most of the cryptos are decentralized if I'm not wrong because of the concept of blockchain technology. Bitcoin still is on the process of development despite of its market value at this moment and the community that it have established. Once adaptation became widely implemented, things could go better not only for Bitcoin but also to this industry.There are lot of developments that could make Bitcoin a better crypto, and in general aspect.
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btccashacc
Legendary
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January 25, 2020, 04:59:50 PM |
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Who said bitcoin is on its maximum development? It's still being developing all time and there are a lot of space to grow for developing. Can we still expect better coin than Bitcoin?
If we think about different features of bitcoin with some other existing coin, they are better. You can get a better coin but you can not get the most decentralized coin.
This is why people create alternative coins, they want create something that blockchain doesn't have, but I agree with you there are so many altcoins out there which better than bitcoin but one thing that those coins don't have, yup the decentralized nature. Yes, both of bitcoin and blockchain still developing and has so many potentials that can be expanded more by the community, you might check the project on the GitHub.
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LbtalkL
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January 25, 2020, 05:02:14 PM |
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Bitcoin is still evolving in previous years they implemented SegWit on the Bitcoin Blockchain making the platform faster and more scalable. I guess they will continue in making bitcoin faster as years passed. Bitcoin lightning network already exists but it is not used frequently on wallets, exchanges and online shops I don't know. Can we still expect better coin than Bitcoin?
There is no better coin than bitcoin it is the one true king. Those bitcoin forks claiming to be better than bitcoin are sh*tcoins and copy cats.
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tbterryboy
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2020, 02:41:57 AM |
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its not the ultimate coin but its stable that doesn't need much development. BTC had been forked many times for its development but there were also development that can work on top of its blockchain like the Lightning Network. quantum computing is a threat to Bitcoin which the team may actually be working to make it quantum proof and because of there may be another fork in the future.
Basically forking bitcoin doesn't really affect bitcoin itself, forking happens because people want more upgrade but unfortunately, they couldn't change the bitcoin itself, but they end up creating new crypto, and if people think that quantum computers, could affect bitcoin and that makes bitcoin need upgrade, probably there is no concrete proof of quantum computers to affect bitcoin blockchain network, so the fear of it for upgrade isn't necessary. I highly consider upgrade for bitcoin should focus on transactions speed. We already underwent through some fork of bitcoins which gave birth to some new coins. But I do not really think it is important to fork bitcoins. Why are we even creating coins like bitcoins if we have the original bitcoin among us? Bitcoin transactions needs some changes and it must be made more futuristic but changing the entire properties of bitcoins would not really work. I agree with you that the transaction costs and transaction fees would be something which should be considered by the developers for improvement. Long confirmation time does not make bitcoins to be accepted locally because people cannot really wait for the transaction to get confirmed once they made any purchase offline.
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