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Can Bitcoin scale to become a major payment network?

Discussion in 'Chit Chat Lounge - For Off-topic Discussions' started by BradRB, Oct 30, 2018.

  1. BradRB

    BradRB ECZ Newbie

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    The Bitcoin network can already process a much higher number of transactions per second than it does today. It is, however, not entirely ready to scale to the level of major credit card networks. Work is underway to lift current limitations, and future requirements are well known. Since inception, every aspect of the Bitcoin network has been in a continuous process of maturation, optimization, and specialization, and it should be expected to remain that way for some years to come. As traffic grows, more Bitcoin users may use lightweight clients, and full network nodes may become a more specialized service.

    What are your thoughts on this?
     
  2. Sininfinity

    Sininfinity ECZ Member

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    Well bitcoin was supposed to be free from any centralized governance. I don't know how miner's fee work but those who will keep the network running should get some incentive for doing so. Specialized service means things will not be in people's hand anymore. And organizations will take advantage of it.