Bitcoin backlog pushes users to Altcoins – Bitcoints

bitcoin

Published on May 18th, 2017 | by bitcoin

0

Bitcoin backlog pushes users to Altcoins

Bitcoin politics plays too big a role in its scalability dispute, meanwhile, unconfirmed transactions queue and increasing fees scare investors away.
A situation which makes it extremely difficult for the cryptocurrency to be used as a convenient medium for everyday transactions.


Transaction fees, on the other hand, keep rising exponentially, raising doubts among users about the original functionality and perceived advantage of Bitcoin over other means of payment and transfer of value.


Abdullah notes that the Bitcoin community used to be with a single heart and purpose of interest.


Dilemma

Until a consensus is reached and a solution adopted, this could continue to damage the whole Bitcoin concept and ideology.

Source: Cointelegraph.com

Tags: , , , , ,



Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑