[2016-01-03] Scaling Bitcoin: The Great Block Size Debate

[LiteCoinGuy]

Scaling Bitcoin: The Great Block Size Debate

Bitcoin has been roughly doubling each year (in terms of the number of transactions). But in its current form, the network can only support up to 7 transactions per second. Paypal does about 100 transactions per second and Visa does about 4,000 per second, so some changes will need to be made if bitcoin is to reach these levels.

https://medium.com/@barmstrong/scaling- ... .ikwhg94bv



Nielsons law is important too which looks like this:

[BitcoinNewsMagazine]

Bitcoin Core devs are already on track to integrate Segregated Witness Q2 this year. That would allow for more transactions per second and probably delay the need for a hard fork until 2017. Bitcoin XT is not looked on favourably by miners. That does leave a new option Bitcoin Unlimited and when more miners consider that option it will be interesting to see what they think.