Lightning Network developer Rusty Russell has issued a damning study on Bitcoin scalability, adding that fees would alone ascent from instantly on.
In a blog post Monday nearly the involve to growth Bitcoin’s capacity long term, Russell said that the solutions currently available all autumn short.
“Bitcoin can’t scale to encounter need unless need vanishes as well as it all fails,” he wrote.
“If Bitcoin is used yesteryear 100,000 people today, as well as nosotros desire everyone to purpose it, nosotros involve Bitcoin capacity to grow 75,000 times larger. Yet we’re already struggling amongst 140GB of storage caused yesteryear Bitcoin’s starting fourth dimension viii years when it was mainly non beingness used[.]”
Full even out at http://bit.ly/2hIREiB
Source: CoinTelegraph
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