Bitcoin scaling argument can be discovered back to 2014-15 then that the Bitcoin community has started considering the fact that there can be a restriction to the transaction capacity of the network. That restriction could be, seven transactions per second, and that is certainly too low for a big user base.
The fears have proved themselves: after two years, the Bitcoin network is apparently unable to tackle the frequency of transactions which is coming from fast growing users. The audiences have been undergoing high waiting times for the several months..
There is almost no dispute that Bitcoin has to be fixed somehow to make it technically workable for the user base to keep thriving. Therefore we can see how it could be done.
The two main solutions came into picture to the scaling issue are Segregated Witness (SegWit) and Bitcoin Unlimited (BU). Both are accomplished, in the standpoint of software. Nevertheless, before anyone can argue that one of them has been taken over by the network, they need to get the great rate of favour from the miners. It consequently made really hard to attain, as both updates are bothering large disagreement on varies grounds.
Those things don’t appear to be interrupting miners, as Bitcoin Unlimited is now the most supported proposal, accepted by the share of network’s hashrate signalling for its favour- 37.2 percentage. If that percentage approaches 50% or more, it is likely for a unexpected hard fork to arrive, i.e. the miners are determining to proceed and turn to BU, hoping that the remaining community will be enforced to act according to them.
ImageSource: CoinTelegraph
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