Technical Roadblock Might Shatter Bitcoin Dreams

Posted: March 10, 2016 in Uncategorized

A study of the system that powers Bitcoin concludes that it cannot become widely used without a major redesign.

Sourced through Scoop.it from: www.technologyreview.com

“no tweak to Bitcoin could allow transactions at a scale close to that of conventional payment processors such as Visa without compromising the digital currency’s decentralized design”, says Ari Juels

See on Scoop.itScience, Technology, and Current Futurism

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s