Published on September 14th, 2015 | by bitcoin0
Bitcoin’s leaders are blank about the future for Bitcoin.
Bitcoin is a decentralized currency that’s transacted on a public ledger called the blockchain.
Transactions are verified and posted to the blockchain by a group of people called miners, who are rewarded with Bitcoin for their work.
Last week a Bitcoin company incited a flood of transactions on the network to give fellow Bitcoin users a sense of what will come to pass if the currency goes mainstream.
Today, the miners have a backlog of 145,000 transactions on the Bitcoin network.
People trading Bitcoin wouldn’t have to wait a long time for a block of transactions to fill up and be processed.