Blockchain Scalability: The Issues, and Proposed Solutions ...

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Kumuluz

Decentralized API and microservice digital platform for blockchain applications.
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Grin Coin: a MimbleWimble protocol implementation

Grin is a simple, privacy-focused, scalable MimbleWimble protocol implementation. It aims to provide a fungible means of electronic transactions for all.
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Is the Bitcoin Blockchain scalable for Pokemon Go? /r/Bitcoin

Is the Bitcoin Blockchain scalable for Pokemon Go? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Things that people struggle to understand.

These people met a huge wave of public misunderstanding, but they were right.

Aristarchus - Earth and planets revolve around the Sun.

Giordano Bruno - The universe is infinite and limitless.

Nicolaus Copernicus - Earth and planets revolve around the Sun.

Galileo Galilei - Earth and planets revolve around the Sun.

Satoshi Nakamoto - Bitcoin blockchain scalability is limitless.

Roger Ver - Bitcoin can scale on-chain seamlessly.

submitted by walerikus to Bitcoincash [link] [comments]

"I was concerned about the scalability of Bitcoin and satoshi responded to me saying that if I don't understand, he doesn't have time to explain it to me. So, I went on and created 3 of the highest performance blockchains out there." - Dan Larimer #THUGLIFE

submitted by ColinTalksCrypto to eos [link] [comments]

@BluzelleHQ, uses a consensus algorithm by which updates to the data can only be done by the owner.. #Bluzelle #scalability #Blockchain #Bitcoin #StakeBLZ #Crypto

@BluzelleHQ, uses a consensus algorithm by which updates to the data can only be done by the owner.. #Bluzelle #scalability #Blockchain #Bitcoin #StakeBLZ #Crypto submitted by patrickcharles156 to ICOAnalysis [link] [comments]

"I was concerned about the scalability of #Bitcoin and satoshi responded to me saying that if I don't understand, he doesn't have time to explain it to me. So, I went on and created 3 of the highest performance blockchains out there." - Dan Larimer

submitted by ColinTalksCrypto to CryptoCurrency [link] [comments]

Vertcoin Developer Proposes Hardware Device for Lightning Network

This is the best tl;dr I could make, original reduced by 76%. (I'm a bot)
James Lovejoy, the lead developer of Vertcoin, recently spoke at the MIT Bitcoin Expo 2018, held March 18, on the subject of bitcoin's upcoming Lightning Network and the technical challenges it may face once fully rolled out.
The Lightning Network was touted as a potential solution to the bitcoin blockchain scalability debate by its developers, Joseph Poon and Thaddeus Dryja.
The Lightning Network works by creating a network of micropayment channels.
Lightning Labs, the company developing the network, says that with fewer transactions to validate, there will be a proportional decrease in overall transaction costs as well.
Simply put, the Lightning Network helps to speed up transactions and reduce costs considerably.
At this time, Litbox's ultimate goal appears to be resolving the security issues faced by the Lightning Network and can be used for all coins compatible with Lightning.
Summary Source | FAQ | Feedback | Top keywords: Network#1 transaction#2 Lightning#3 Bitcoin#4 developer#5
Post found in /Bitcoin, /vertcoin, /litecoin, /BitcoinAll, /btc and /CryptoCurrency.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Craig Wright is an idiot and needs to be stopped

This is the best tl;dr I could make, original reduced by 74%. (I'm a bot)
SINGAPORE/SYDNEY. SINGAPORE/SYDNEY A company built around the research of Craig Wright, who has claimed to have invented the bitcoin cryptocurrency, has been sold to a private equity firm in a deal the company says is the biggest to date involving bitcoin's underlying blockchain technology.
UK records confirm that the target company - under both its EITC and nChain names - already filed more than 80 bitcoin and blockchain-related patents.
After failing to convince many in the bitcoin community that he was Satoshi Nakamoto, the pseudonymous founder of bitcoin, Wright retreated from view last year.
Patent lawyers have noted that open-source technologies like bitcoin are not easy to patent, and even if patents are approved, they are not always easy to defend.
Investors have spent more than $1.5 billion on blockchain and bitcoin start-ups over the past four years, according to CB Insights, an internet research company.
These include a software to develop applications on the bitcoin blockchain, solutions for bitcoin blockchain scalability, inventions to improve security, on-chain scripting for smart contracts, and a decentralized trading platform that uses autonomous agents.
Summary Source | FAQ | Feedback | Top keywords: bitcoin#1 Wright#2 patent#3 nChain#4 Reuters#5
Post found in /Bitcoin and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Scalability via permissionless childchains & Bitcoin 2-way-peg: allows any blockchain design built on top of Bitcoin today

Scalability via permissionless childchains & Bitcoin 2-way-peg: allows any blockchain design built on top of Bitcoin today submitted by awasi868 to Bitcoin [link] [comments]

Company behind bitcoin 'creator' sold to private investors

This is an automatic summary, original reduced by 61%.
Wright remains a divisive figure in the bitcoin world.
After failing to convince many in the bitcoin community that he was Satoshi Nakamoto, the pseudonymous founder of bitcoin, Wright retreated from view last year.
Although it was not possible to confirm Wright's identity as Nakamoto, a Reuters investigation found he was deeply involved in the early development of bitcoin, and had told Australian tax officials he possessed more than 1 million bitcoin - worth $1.2 billion at the current exchange rate.
Patent lawyers have noted that open-source technologies like bitcoin are not easy to patent, and even if patents are approved, they are not always easy to defend.
Without confirming how many bitcoins he owns, Wright told Reuters he would never "Dump bitcoin."
These include a software to develop applications on the bitcoin blockchain, solutions for bitcoin blockchain scalability, inventions to improve security, on-chain scripting for smart contracts, and a decentralized trading platform that uses autonomous agents.
Summary Source | FAQ | Theory | Feedback | Top five keywords: bitcoin#1 Wright#2 patent#3 nChain#4 Reuters#5
Post found in /btc, /Bitcoin, /Buttcoin, /BitcoinAll, /AutoNewspaper and /NBCauto.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Satoshi would NEVER have patented ANYTHING related to bitcoin. This guy fucking sucks!

This is an automatic summary, original reduced by 75%.
SINGAPORE/SYDNEY A company built around the research of Craig Wright, who has claimed to have invented the bitcoin cryptocurrency, has been sold to a private equity firm in a deal the company says is the biggest to date involving bitcoin's underlying blockchain technology.
UK records confirm that the target company - under both its EITC and nChain names - already filed more than 80 bitcoin and blockchain-related patents.
After failing to convince many in the bitcoin community that he was Satoshi Nakamoto, the pseudonymous founder of bitcoin, Wright retreated from view last year.
Patent lawyers have noted that open-source technologies like bitcoin are not easy to patent, and even if patents are approved, they are not always easy to defend.
Investors have spent more than $1.5 billion on blockchain and bitcoin start-ups over the past four years, according to CB Insights, an internet research company.
These include a software to develop applications on the bitcoin blockchain, solutions for bitcoin blockchain scalability, inventions to improve security, on-chain scripting for smart contracts, and a decentralized trading platform that uses autonomous agents.
Summary Source | FAQ | Theory | Feedback | Top five keywords: bitcoin#1 Wright#2 patent#3 nChain#4 Reuters#5
Post found in /Bitcoin, /worldnews and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

CNBC: Company behind bitcoin 'creator' sold to private investors

This is an automatic summary, original reduced by 61%.
Wright remains a divisive figure in the bitcoin world.
After failing to convince many in the bitcoin community that he was Satoshi Nakamoto, the pseudonymous founder of bitcoin, Wright retreated from view last year.
Although it was not possible to confirm Wright's identity as Nakamoto, a Reuters investigation found he was deeply involved in the early development of bitcoin, and had told Australian tax officials he possessed more than 1 million bitcoin - worth $1.2 billion at the current exchange rate.
Patent lawyers have noted that open-source technologies like bitcoin are not easy to patent, and even if patents are approved, they are not always easy to defend.
Without confirming how many bitcoins he owns, Wright told Reuters he would never "Dump bitcoin."
These include a software to develop applications on the bitcoin blockchain, solutions for bitcoin blockchain scalability, inventions to improve security, on-chain scripting for smart contracts, and a decentralized trading platform that uses autonomous agents.
Summary Source | FAQ | Theory | Feedback | Top five keywords: bitcoin#1 Wright#2 patent#3 nChain#4 Reuters#5
Post found in /Bitcoin, /btc, /Buttcoin, /BitcoinAll, /AutoNewspaper and /NBCauto.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Blockchain technology has been the wind beneath the wings of Bitcoin and digital assets. But what happens when that wind can only blow as much? Read the full article here: https://wallextrust.com/news/scalability-a-chink-in-the-armor/

Blockchain technology has been the wind beneath the wings of Bitcoin and digital assets. But what happens when that wind can only blow as much? Read the full article here: https://wallextrust.com/news/scalability-a-chink-in-the-armo submitted by pagz5254 to CryptoNewsByWallex [link] [comments]

My conjecture on Bitcoin scalability issues.

My conjecture on solving scalability issues.
A system with substructures that depend on other substructures in the system can scale out iff the substructures can be partitioned in a way that the dependencies between substructures in different partitions can be minimized while the number of partitions are maximized.
Examples>
  1. A relational DBMS cannot scale out, because there is no way for a relational DBMS to control the relationships between tables. The relationships are decided by schema designers.
  2. The number of time steps on recurrent neural networks cannot scale out, because the forward processing depends on the previous time step, the BPTT depends on the next time step.
  3. Facebook can scale out because it is possible to partition users in a way that the friendship between users in differerent partitions can be minimized. For example, when users using the same language are in a partition, the number of friendships between users in different partitions can be minimized.
  4. Bitcoin blockchain cannot scale out, as we have no control on dependencies between transaction outputs. Users decide which coin to spend to where, we have no control on the dependencies between transaction outputs.
To make Bitcoin blockchain scalable in terms of the number of transactions per second it can process, we need to build a completely new architecture that partitions transaction outputs in a way that dependencies between transaction outputs in different partitions are minimized while the number of partitions are maximized.
Please correct me if I am wrong. :-)
submitted by kangmo to Bitcoin [link] [comments]

Toward scalable decentralized identifier systems (DID). Microsoft implementing DID on the Bitcoin blockchain.

Toward scalable decentralized identifier systems (DID). Microsoft implementing DID on the Bitcoin blockchain. submitted by simplelifestyle to Bitcoin [link] [comments]

It is with great pleasure I announce Freedom Network is launching on the Bitcoin Cash blockchain on February 11. Freedom Network creates a scalable system for peer-to-peer trade. p2p Cash + p2p Trade = Freedom

It is with great pleasure I announce Freedom Network is launching on the Bitcoin Cash blockchain on February 11. Freedom Network creates a scalable system for peer-to-peer trade. p2p Cash + p2p Trade = Freedom submitted by guyfawkesfp to btc [link] [comments]

"It is with great pleasure I announce Freedom Network is launching on the Bitcoin Cash blockchain on February 11. Freedom Network creates a scalable system for peer-to-peer trade. p2p Cash + p2p Trade = Freedom"

submitted by Anen-o-me to GoldandBlack [link] [comments]

(VIDEO IN COMMENTS) Presentation of Syscoin Platform by Syscoin Co-founder and Blockchain Foundry CEO Dan Wasyluk at Block Party Amsterdam 2019. Trustless Ethereum interoperability and throughput scalability, with Bitcoin compliant merge mined security.

submitted by bstr156 to SysCoin [link] [comments]

#Blockchain Word of the Week "What is #hashrate? many users ask this question so we present you the meaning of this #terminology" #faireum #onlinegambling #dApps #ICO #bitcoin #bitcoindaily #crypto #BlockchainPoweredGaming #security #scalability #decentralization

submitted by Abolaji11 to faireumofficial [link] [comments]

RSK is a sidechain of Bitcoin, leveraging the OG blockchain's robust security and decentralized network, while adding an essential layer of scalability. Read more inside

submitted by sasquish to rootstock [link] [comments]

Scalability Our team supports scalability with the provision to trade more coins and assets in the future. #SAM #bankdex #exchange #bankex #bitcoin #ethereum #BTC #decentralized #cross_chain #crypto #cryptocurrency #blockchain

Scalability Our team supports scalability with the provision to trade more coins and assets in the future. #SAM #bankdex #exchange #bankex #bitcoin #ethereum #BTC #decentralized #cross_chain #crypto #cryptocurrency #blockchain submitted by akinci34 to BankdexICO [link] [comments]

Jameson Lopp: Proposal for a new Bitcoin layer that addresses the scalability problem with opening & closing payment channels by enabling trustless off-blockchain channel funding.

Jameson Lopp: Proposal for a new Bitcoin layer that addresses the scalability problem with opening & closing payment channels by enabling trustless off-blockchain channel funding. submitted by LeeWallis to Bitcoin [link] [comments]

Issues having to do with scalability have been identified by experts as being the cause of transaction delays. As the blockchains become longer, more transactions are being held up in the queue awaiting approval. #ooobtc #obx #crypto #bitcoin #ethereum #blockchain #btc #toqqn

submitted by mkristen024 to Cryptocoin [link] [comments]

Social Scalability, Ônibus Hacker e Bitcoin Blockchain ... Bitcoin Scalability SOLVED - Bitcoin to become Bitcoin Fundamentals: Block Size, Bitcoin Scalability, & SegWit Blockchain 101 Ep 61 - What is scalability? SCALABILITY & PROFITABILITY OF BITCOIN (BTC) MINING 2019

Bitcoin Cash (BCH) was launched to address bitcoin’s scalability issues. Bitcoin Cash’s creators originally wanted to implement their changes into the core bitcoin network (BTC). Instead, they were forced to hard fork to achieve their goals. One of the key goals with the launch of Bitcoin Cash was scalability. The main developers of Bitcoin ... The battle for a scalable solution is the blockchain’s moon race. Bitcoin processes 4.6 transactions per second. Visa does around 1,700 transactions per second on average (based on a calculation derived from the official claim of over 150 million transactions per day). The potential for adoption is there but is bottlenecked currently by scalability. Scalability is one of the most important problems in blockchain and has been the focus of both industry practitioners and academic researchers since Bitcoin was born. This article is the start of ... This guide takes a look at blockchain scalability, with a focal point of understanding its importance through highlighting Bitcoin scalability ptoblem and its effects.. Bitcoin is often seen as ‘too slow’ and ‘too expensive’. When the network is congested, a bitcoin transaction might need an average of more than one hour for it to be processed. We can witness the golden era of Bitcoin only if scalability allows it. Just increasing block sizes or reducing mining time isn’t enough to fix the problems. 4 transactions per second — this is the average speed of the Bitcoin blockchain.By comparison, Visa provides about 1,700 (TPS).

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Social Scalability, Ônibus Hacker e Bitcoin Blockchain ...

BITCOINS FUTURE SCALABILITY. BITCOINS FUTURE SCALABILITY. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect ... Blockchain Scalability is one of the most significant concern for Minimum Viable Blockchain Implementation. It is one of the key aspects determining the relevance and feasibility of Blockchain ... Can Blockchain Solve Its Scalability Problem? ... Bitcoin Block Size - Advantages and Disadvantages - Duration: 16:26. IndiCrypto 303 views. 16:26. But how does bitcoin actually work? - Duration ... Bitcoin Scalability SOLVED - Bitcoin to become "streaming money" and radically transform commerce. - Billions of transactions per second - 0 fees - No Banks ... Blockchain Scalability: When, Where, How? You'll receive $10 in free bitcoin by signing up with this link http://bit.ly/2oesV41 #1 wallet I use. Keep Your Bi...

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