What are Blockchain's Issues and Limitations?

Best explanation for solving bitcoin transaction 'limits' without increasing blocksize I've seen, and this is from 2 years ago!

Best explanation for solving bitcoin transaction 'limits' without increasing blocksize I've seen, and this is from 2 years ago! submitted by FMTY to Bitcoin [link] [comments]

If bitcoins' transaction limit is around 5-7 tps, what are currently the limits on other popular cryptocurrencies ? /r/Bitcoin

If bitcoins' transaction limit is around 5-7 tps, what are currently the limits on other popular cryptocurrencies ? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Segregated Witness has been released, tackling bitcoin's transaction limit

Segregated Witness has been released, tackling bitcoin's transaction limit submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Segregated Witness has been released, tackling bitcoin's transaction limit

Segregated Witness has been released, tackling bitcoin's transaction limit submitted by NewsAtBraveNewCoin to BraveNewCoin [link] [comments]

New Bitcoin Transaction Limit

New Bitcoin Transaction Limit submitted by ThePanCakeKid95 to Bitcoin [link] [comments]

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations.

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. submitted by Crypthomie to CryptoCurrency [link] [comments]

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations.

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. submitted by jeffyal to CryptoMarkets [link] [comments]

PayFast Ending support for BTC: "there are a number of limitations and design flaws unique to Bitcoin [BTC] that make it an impractical substitute for cash, including high transaction fees and long confirmation times for buyers"

PayFast Ending support for BTC: submitted by unstoppable-cash to btc [link] [comments]

Recent developments in transaction volume on the Bitcoin network show very nicely how keeping the block size limit at 1MB was the correct decision.

https://www.blockchain.com/charts/n-transactions
Those two abrupt declines in volume were caused by the companies Veriblock and Coinbase respectively (I think this is the result of Coinbase batching, correct me if I'm wrong).
Whatever territory you give them, they will take. Veriblock will just spam the blockchain with its useless crap if it's cheap enough. There has to be a fee market, and those who use the blockchain inefficiently must be made to pay until they improve their practices. Otherwise why would they ever bother to do things better?
luke-jr was probably right when he said the block size should actually be decreased. It could have hastened adoption by making running a node easier. But of course, consensus is the name of the game and neither he nor the big-blockers could get it.
NB: Technically the current limit with segwit is 4 MWU (million weight units), corresponding in practice to a usual limit of around ~2 MB.
submitted by Mccawsleftfoot to Bitcoin [link] [comments]

ELI5 How and what is being done to lower transaction fees? Are we limited to the original code? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bull Bitcoin relief: lower fees and higher transaction limits

Bull Bitcoin relief: lower fees and higher transaction limits submitted by Fiach_Dubh to BitcoinCA [link] [comments]

Can Coinbase know how many Bitcoins I hold in my wallet and is there any limitation on transactions from - to my hosted wallet on Coinbase?

I'm really new to the world of cryptos. I'm thinking of getting an online wallet with Coinbase. However I'm concerned if there is any limitation on transaction size from - to my wallet and if Coinbase can know my wallet size.
Thank you,
submitted by walid_ammar to Bitcoin [link] [comments]

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations.

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. submitted by scgco to GGCrypto [link] [comments]

Lightning Frustrations

How does bitcoin blockchain really help this amazing lightning network. How does it help??
If lightning will be so great, why can't it function without closing channels on bitcoin blockchain. Why can't it exist without segwit?
It makes no sense to me and makes me unhappy.
Why is an on chain bitcoin transaction so important to allow lightning to function. If it can process millions of transactions per second, why even settle anywhere?
I suspect the answer is that it CANT.
Build this thing without closing channels. Build this thing away from the protocol.
Honestly I'd like to here reasoning as to why the lightning actually needs our bitcoin network to function.
I am also furious that we can't grow bitcoin without this pie in the sky lightning idea. Raise the bitcoin transaction limit already. Transactions are a big part of a transaction network. SO MUCH HYPE
submitted by Happy5488Paint to btc [link] [comments]

PayFast Ending support for BTC: "there are a number of limitations and design flaws unique to Bitcoin [BTC] that make it an impractical substitute for cash, including high transaction fees and long confirmation times for buyers"

PayFast Ending support for BTC: submitted by vegasbooty to Cryptoandme [link] [comments]

Bitcoin Unlimited Is Increasing the Limit on Chained Mempool Transactions to 500

submitted by MemoryDealers to btc [link] [comments]

Bitcoin transactions have doubled over the last 6 months. What happens when they double again?

Bitcoin transactions are currently at the all-time-high, at the level of the height of the last bull run again.
https://i.imgur.com/0AFL4xV
On the one hand this is good, because it shows that there is a lot of interest in Bitcoin.
However, with 100% Segwit adoption, we can take 50% more in transactions than in December 2017.
That also means that we can only take 50% more than the transactions are right now before fees become really high again. This can already happen with a small price bump to $5,000.
It would actually happen before, because we are only at 40% Segwit adoption and Segwit adoption is currently declining again, no?
Can someone explain to me what happens when transactions increase by 50% again, isn’t this already more than the Bitcoin transaction limit? Will the network be full and fees will become very high again at this point?
This also already includes the Lightning Network, which is up and running already.
submitted by galan77 to Bitcoin [link] [comments]

Nasdaq CEO talks about Bitcoin Blockchain:In terms of the limitations of blockchain today, it can handle about 10 transactions per second. In the trading in our market today, we handle millions of transactions a second. So it’s apples and oranges

Nasdaq CEO talks about Bitcoin Blockchain:In terms of the limitations of blockchain today, it can handle about 10 transactions per second. In the trading in our market today, we handle millions of transactions a second. So it’s apples and oranges submitted by polarbear8809 to btc [link] [comments]

Nasdaq CEO talks about Bitcoin Blockchain:In terms of the limitations of blockchain today, it can handle about 10 transactions per second. In the trading in our market today, we handle millions of transactions a second. So it’s apples and oranges.

Nasdaq CEO talks about Bitcoin Blockchain:In terms of the limitations of blockchain today, it can handle about 10 transactions per second. In the trading in our market today, we handle millions of transactions a second. So it’s apples and oranges. submitted by polarbear8809 to Bitcoin [link] [comments]

Bitcoin Cash Developers Public Meeting #12 | Topics include the $BCH upgrade feature freeze date, what needs to happen to remove the 25 chained transaction limit, and more...

Bitcoin Cash Developers Public Meeting #12 | Topics include the $BCH upgrade feature freeze date, what needs to happen to remove the 25 chained transaction limit, and more... submitted by money78 to btc [link] [comments]

Bitcoin Core's limited transaction throughput has an adoption cost. Here's an email I sent to my contractors just now. I hope "One Meg Greg" has enough "champaign."

Bitcoin Core's limited transaction throughput has an adoption cost. Here's an email I sent to my contractors just now. I hope submitted by ugtarmas to btc [link] [comments]

versionbits + segwit script extension = pace of innovation

versionbits is in 0.12.1 activating now https://bitcoinmagazine.com/articles/bitcoin-core-released-major-step-forward-for-scalability-1460762378 and segwit is released for review & testing in 0.12.2 http://bravenewcoin.com/news/segregated-witness-has-been-released-tackling-bitcoins-transaction-limit/ bonus of versionbits & segwit is we can have new features in parallel and faster. what features can we see once 0.12.2 is deployed? it gives everything needed for lighning to supercharge bitcoin over the next 6months. we've heard about schnorr from greg maxwell to scale from 1/2 size transactions and from pieter about mast to compress advanced smart contracts. how about op_moxie to kill ethereum marketing machine jeff garzik was proposing. greg has been working on better block compression https://www.reddit.com/Bitcoin/comments/4fgs5t/irc_meeting_summary_for_20160414/d298jlk and iblt & weak blocks to fix orphans. but while we're on positive things how about some steps on hardfork so its ready for later as it takes a long time to activate.
ps none of innovations involve gavin and would have been done faster without attacks from him. can someone send gavin the memo that no one cares about his opinion & he is not in charge of bitcoin.
submitted by vampireban to Bitcoin [link] [comments]

How to increase buying limit on Coinbase - YouTube Bitcoin Tracing App Bitcoin Transaction Accelerator Bitcoins Erklärung: In nur 12 Min. Bitcoin verstehen ... Lecture 3 — Mechanics of Bitcoin - YouTube

The only limitation of Bitcoin is that it is limited to those places that accept it as currency. However, it can also be exchanged for conventional currencies, such as the U.S. dollar, Euro, Yen, and Yuan. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money. Aus diesem Grund unterlägen Transaktionen von Bitcoins auch sehr ... Transaction fees are voluntary on the part of the person making the bitcoin transaction, as the person attempting to make a transaction can include any fee or none at all in the transaction. On the other hand, nobody mining new bitcoins necessarily needs to accept the transactions and include them in the new block being created. Der Bitcoin nimmt nach der Korrektur auf unter 9.000 Dollar wieder Fahrt auf. Für positive fundamentale Impulse sorgt mal wieder PayPal. Denn die Pläne des Payment-Giganten, Bitcoin in sein ... Bitcoin Transaction Processing Limitations. Bitcoin was originally created to process seven transactions per second. As the digital currency's network grew in size, this limitation proved increasingly troublesome and created steadily rising transaction times and fees. These fees hit an all-time high in December 2017, when they reached an average of roughly US$160 apiece near the end of the ... This page describes the behavior of the reference client.The Bitcoin protocol is specified by the behavior of the reference client, not by this page. In particular, while this page is quite complete in describing the network protocol, it does not attempt to list all of the rules for block or transaction validity.. Type names used in this documentation are from the C99 standard.

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How to increase buying limit on Coinbase - YouTube

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