Scalability

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has marked a significant milestone by processing its one billionth transaction. This achievement highlights the robust activity and growing adoption of Bitcoin despite the fluctuating market conditions. The Bitcoin community, particularly on social media platforms like X (Twitter), has been abuzz with celebrations. The excitement highlights this milestone’s significance for investors and enthusiasts. The Road Ahead: Bitcoin After 1 Billion Transactions On-chain data confirmed this historic moment for Bitcoin. The dashboard from…

The post Crypto’s Major Privacy Flaws Are Preventing Mass Scalability. What Can Be Done? appeared first on Coinpedia Fintech News Cryptocurrencies have made great strides toward becoming a common way to handle money. They promise to be both efficient and decentralized. Privacy issues, on the other hand, remain a chronic problem.  In contrast to what most people think, using digital currencies like USDC does require giving out a lot of personal financial information. This openness shows users’ net worth, income,…

San Francisco, CA, United States, April 23rd, 2024, Chainwire SKALE, having surpassed 300 million total transactions in January and maintaining over 30 million transactions monthly, offers projects a platform free from the usual impediments found on other blockchain networks, such as minting fees or gas costs. SKALE Network, a gas-less EVM-compatible blockchain designed for secure Ethereum scaling, attained groundbreaking gas savings, unique wallet activations, and transaction processing achievements during the first quarter of 2024. With notable performances, strategic partnerships, and…

Security, interoperability, and scalability are arguably the biggest challenges in today's crypto scene. The last one is particularly sensitive since it concerns retail investors and businesses. Also, it is one of the last barriers separating us from mass crypto adoption. Nevertheless, a big challenge generally comes with an even more significant investment opportunity. Today, we will analyze the industry's state of affairs from the angle of scalability. Ethereum’s Show Few will argue that Ethereum stole the show during the first…

In an extensive blog post entitled "The State of Eth2", lead developer Danny Ryan published an update on progress in the Beacon Chain and upcoming developments for 2021. Ryan added that the individual Ethereum designations indicate "false sequentiality" in leaving one for the other. Instead, the term represents the different stack levels, he adds. Ethereum 2.0 is Picking Up The figures are attractive to most people, and the numbers are steadily increasing. As it goes to write, $2.78 million ETH…

The volatile nature of cryptocurrency makes it a great investment opportunity. When correctly harnessed, cryptocurrency investments can be very profitable. However, there is a wide variety of cryptocurrencies in the market, and some are more volatile than others. The more volatile it is, the higher the investment risk. The risks and uncertainty brought about by this volatility constitute a significant setback as it makes some people hesitant to embrace cryptocurrencies. Moreover, this constant shift in price and value also makes…

There is an inherent lack of trust in the decentralized network and Proof of Work consensus algorithm of Bitcoin. Nevertheless, Bitcoin’s growth turned it to the leading asset worldwide, thereby bringing up issues like scalability. Hence, second-layer solutions such as the Lightning network have been introduced to solve the problem. The question now is about possible depletion of the trustless domain on which Bitcoin is based on by the Lightning network. Lisa Neigut of Blockstream spoke on the Stephen Livera podcast concerning Lightning network…

Despite being around for a long time now, numerous individuals still consider cryptocurrencies to be undergoing experimentation. However, Bitcoin has been able to gain some form of importance in the financial domain. This is such that governments and central banks worldwide are planning towards the regulation and introduction of their own digital currencies. We have numerous cryptocurrencies in the market but Bitcoin remains the leader despite its remarkable shortcomings. At press time, the dominance of Bitcoin was 62.97 percent, while its…

Many cryptocurrency market participants and Bitcoin enthusiasts are looking forward to wide usage of Bitcoin as currency. However, scalability is among the greatest challenges hindering the achievement. Bitcoin’s proof of work consensus algorithm is exceedingly essential based on immutability viewpoint; however, it has not been able to do as expected regarding transaction speeds when in competition with other forms of payments. People argue that Bitcoin is suitable as a store of value asset and not as a medium of exchange.…