Bitcoin.com - Official Channel: Bitcoin Scaling Explained: Can Bitcoin Cash Scale on Today's Hardware?

  • Tuesday, 10 July 2018 21:22
Can bitcoin scale on chain by using bigger blocks? If Bitcoin uses todays hardware can it compete with VISA? TPS - Transactions per second Visa on average handles 2,000 TPS reaching a daily peak of around 4000 TPS. As the Bitcoin Core (BTC) network is now throttled at 1MB it can handle around 3TPS with no working 2nd layer solution. Bitcoin Cash (BCH) can currently handle 100 TPS on-chain without the need for any 2nd solutions. The block size is 32mb for BCH. Ethereum currently handles around 19 TPS. The bitcoin scaling debate has gone on for a long time. It's important to understand the facts. Can the Bitcoin Cash network increase block size further using hardware that exists today? To reach 1,000, 2,000 or even 10,000 TPS? A lot of Bitcoin Core (BTC) supporters will say that scaling on chain with bigger blocks in not a long term solution and we will hit a ceiling because of hardware. Roger Ver takes the time to break all of this down in the video above. It simply is not true. -- ► Subscribe Now For More Content: https://www.youtube.com/bitcoincomofficialchannel?sub_confirmation=1 ► Follow us on twitter for moment by moment updates: https://twitter.com/bitcoincom -- ► What is bitcoin? -- Bitcoin is one of the most transformative technologies since the invention of the Internet. Bitcoin.com stands firmly in support of financial freedom and the liberty that Bitcoin provides globally for anyone to voluntarily participate in a permissionless and decentralized network which empowers people to not be marginalized by governments and financial institutions. Bitcoin is freedom. -- ► Want some free Bitcoin Cash? Grab some from https://free.bitcoin.com/ -- ► Who are we? -- Bitcoin.com is your premier source for everything Bitcoin related. We help you buy, use, and store your Bitcoin securely. You can read the latest news or engage with the community on our Bitcoin forum. We also provide helpful tools and real-time market price and chart information, as well as Bitcoin mining and Bitcoin events information. -- ► Follow Bitcoin.com Here: Twitter: https://twitter.com/Bitcoincom Instagram: https://instagram.com/newsbitcoincom/ Facebook: https://www.facebook.com/buy.bitcoin.... Website: http://bitcoin.com Telegram Channel: https://t.me/bitcoin_tv Podcast: https://podcast.bitcoin.com/ Bitcoin Store: https://store.bitcoin.com Topics covered: bitcoin scaling, bitcoin scaling debate, segwit, lightning network, bch, bitcoin cash.

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