Does China Hold the Key to Bitcoin’s Future?

Does China Hold the Key to Bitcoins Future? #Bitcoin

  • July 7 — Because of a pre-programmed cap on the amount of data bitcoin’s network is allowed to process, the current system for verifying payments needs to boost its maximum capacity, or transaction times will balloon and undermine bitcoin’s 4,475 percent advance over the past five years.
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@bitcoinagile: “Does China Hold the Key to Bitcoins Future? #Bitcoin”


Watch the video Does China Hold the Key to Bitcoin’s Future? on Yahoo Finance . July 7 — Because of a pre-programmed cap on the amount of data bitcoin’s network is allowed to process, the current system for verifying payments needs to boost its maximum capacity, or transaction times will balloon and undermine bitcoin’s 4,475 percent advance over the past five years. In theory, there’s a simple fix: With some coding tweaks, transactions could continue apace. But the problem is that any change to bitcoin’s architecture will inevitably create losers, and the motley crew of Chinese miners, software developers, libertarians and entrepreneurs who comprise the bitcoin universe have yet to form a consensus. Bloomberg’s Lulu Chen has more on “Daybreak Asia.”


Does China Hold the Key to Bitcoin’s Future?