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15 Jun 2017

Bitcoin Q&A׃ Scaling is a moving target

Bitcoin Q&A׃ Scaling is a moving targetUse code “lXk8ge” and get 3% off every purchase on Genesis Mining! https://goo.gl/Eiv2bG Scaling solutions, advantages and disadvantages. I won’t take a position on scaling options for a simple reason: I think we will do all of them. SegWit, second layer implements like Lightning Network, increasing the base block size with 4-8 Mb of capacity, Schnorr signatures, Spoonnet. Scaling is not something that is solved once; scaling is a moving target, an aspiration. As you achieve each level of scale, that opens the door for new applications; solving current problems creates the opportunity for new problems. The internet has been failing to scale for 25 years. Email, image attachments, audio, video, high-definition video, livestreaming, holographic virtual reality, etc. We have a system that al

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