Cryptocurrency Q&A
Why is Bitcoin not scalable?
Why is Bitcoin not scalable?
MysticRainbow
Thu Dec 19 2024
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7 answers
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I'm trying to understand the limitations of Bitcoin. Specifically, I want to know why it's not scalable. I've heard that its transaction speed and block size are issues, but I need a more detailed explanation.
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7 answers
SsamziegangSerenade
Fri Dec 20 2024
Specifically, it can only handle between 7 and 10 on-chain transactions per second.
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Margherita
Fri Dec 20 2024
This throughput is relatively low compared to other payment systems.
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SeoulSerenitySeekerPeace
Fri Dec 20 2024
The scalability issue of Bitcoin pertains to the constraint in the number of transactions the Bitcoin network can accommodate.
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isabella_doe_socialworker
Fri Dec 20 2024
Furthermore, the Bitcoin blockchain has an average block time of 10 minutes.
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Federica
Fri Dec 20 2024
This limitation poses a significant challenge to the widespread adoption of Bitcoin as a global cryptocurrency.
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