Join our new Discord Channel, SteemitStocks. It's a chat channel where crypto and stocks investors can meet, chat and share content about investing.
I want to share some important information with you about the Bitcoin scaling debate. The information is given below.
The Bitcoin scaling issue has been going on for more than a year now.The issue revolves around the size of the blocks which are added to its blockchain. Bitcoin blocks have a limited ‘storage’ capacity of 1MB under the current popular system of Bitcoin Core. With increasing usage, congestion issues have been reported on the Bitcoin network, resulting in more time and transaction fees necessary for verifying transactions. To resolve this, different sections within the Bitcoin community pitched different solutions to enable smoother running by decongesting the blocks.
The different solutions causes a debate about the best solution. The image blow from eToro.com shows the possible outcomes of the debate. Definitions about the scaling debate are given below in the image.
Read more information about the scaling debate on Investopedia
Picture link for download and higher resolution: etoro.tw/2tG32MQ
Source: eToro.com
Don't forget to upvote, resteem and follow me to support the content. I like the writing and I hope you like to read it. We have a new Discord channel for crypto and stock investors you can join
Let’s keep this BOOMING!
UnknowCrypto
Disclaimer:
Use this link to buy $100 worth of Bitcoin, Litecoin or Ethereum on Coinbase.com and we both get $10 for free!