If you have bitcoin and you are a Bitcoin user. then it for you, a matter of some days ago. You must have heard that two pieces of Bitcoin are going to happen. The discussion was going on everywhere, they will no longer be two pieces and they will be Softfork And the Bitcoin's rate was down immediately, but now it is going to happen again on the Bitcoin. you can understand that now your Bitcoin will be in two pieces. may be you can get some Bitcoin in the form of a Bitcoin cash, although the value of the Bitcoin cash is still about $ 370 right now its value is running in the market, but this can be a big loss for you because Bitcoin is currently trading around 2800 If you have a 1 BTC, then it for you, please, keep this thing in mind.you can save your Bitcoin and change other currency.
What is broken in Bitcoin
So let's talk about what are the problems with bitcoin. The main issue is that the popularity of bitcoin is increasing, and seven transactions per second are not enough just. Some secondary issues are non-critical bugs in Bitcoin, such as the ability to trade, which has already worked in a purse, but we want to solve them once and for all the wallet manufacturers now have to worry about them. Do not need to
The seven transaction limit is actually due to the limit of 1 Mb block size of Bitcoin. If we get a new block every 10 minutes, it means that 1 MB = 1024 * 1024 = 1048576 are the bytes of space for the transaction, which is approximately 4200 small transactions (250 bytes each) The place is divided by 10 minutes = 600 seconds, 4200/600 = 7 transactions per second. Obviously, if bitcoin is to be a mainstream, then worldwide, cryptocurrents, 7 TPS just is not enough.
Strategies to Fix Bitakoku
As far as I know, it is simple and easy to fix secondary issues in Bitcoin (i.e. transaction loss), and I have not heard much controversy all around. The big debate is how to increase the transaction capacity of the series. I know about two main approaches to doing this: a separate witness (Sagvitt), and increase the limit of just 1 MB block size. Now I will search all these strategies in more detail.
What is segwit?
Segivitt is a relatively simple concept, but there is a comprehensive, complex technical change with an untold team of technical, economic and political implications. To understand Segwit, we first have to understand the structure of a simple bitcoin transaction.
In my opinion, poor quality of Bitcoin is its network effect. A lot of people use it, and many traders have accepted it. When I say "Bittoine" nowadays, many people know what I'm talking about, I think we can do better with Bitcoin technology, so for fancy features and high speed, I have a different series The best thing to say is that bitcoin is working smoothly because it is capable and simple and safe, so that everyone can understand about it and trust i
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