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I think the major hurdles in Bitcoin price increase are as follows:
Scalibility issues (no. of transactions per sec).- Currently Bitcoin has max. 3 transactions per sec, which is very less when compared to credit cards where avg. is 2000 transactions per sec.
So, to achieve this Bitcoin community is in a debate whether to increase the Bitcoin block size from 1MB to 2MB or to make it unlimited block size.
Possibly there will be split into SegWit & Bitcoin Unlimited.
Smart contract friendly - So, one very crucial feature which it lacks is using bitcoin in real world applications which is possible over Ethereum- like platforms, where developers can make DApps which can be used by general public for different applications.
good article resteem
Very good shared in my profile @zeroshiki
I too have high hopes for bitcoin :-)
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This is a great post, I learned a lot. Thanks for sharing and keep on posting ;)
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Anytime soon. even sooner if Trump punishes north korea. :) upvoted
Great article upvoted and going to resteem this post
I think the major hurdles in Bitcoin price increase are as follows:
Scalibility issues (no. of transactions per sec).- Currently Bitcoin has max. 3 transactions per sec, which is very less when compared to credit cards where avg. is 2000 transactions per sec.
So, to achieve this Bitcoin community is in a debate whether to increase the Bitcoin block size from 1MB to 2MB or to make it unlimited block size.
Possibly there will be split into SegWit & Bitcoin Unlimited.
Smart contract friendly - So, one very crucial feature which it lacks is using bitcoin in real world applications which is possible over Ethereum- like platforms, where developers can make DApps which can be used by general public for different applications.
That's it...
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