Achieving scalability and transaction speeds from "summary" of The Basics of Bitcoins and Blockchains by Antony Lewis
To achieve scalability and transaction speeds, the Bitcoin network is designed to handle a limited number of transactions per second. This limitation is due to the block size restricts the number of transactions that can be included in each block. As more people start using Bitcoin, the network may become congested, causing delays in processing transactions and leading to higher fees. To address this issue, developers have proposed various solutions to increase scalability and transaction speeds. One solution is to increase the block size, allowing more transactions to be processed in each block. However, increasing the block size can lead to cen...
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