Bitcoin has a problem; the demand for Bitcoin far outweighs the bandwidth of transaction throughput that the network can sustain. The Bitcoin “highway” is constrained at 1MB per block, or one single analogous lane, which permits a “speed limit” of between 3.3 to 7 transactions per second. For comparison, VISA verifies transactions at a rate of 2000 per second, which makes Bitcoin look like a very congested highway. It is primarily infighting over the best scaling solution while maintaining Bitcoin’s network security mid-flight where the debate is held in political stalemate...
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