Andreas Antonopoulos Touches On Bitcoin Scalability Issues and 'Premature Optimization'

Andreas Antonopoulos, a recognized expert in the crypto space and author of Mastering Bitcoin, said that Bitcoin (BTC) scalability issues may not be able to be entirely solved. During a Q/A session on YouTube, he said that the scalability problem will always exist in the network.

Scalability Issues Will Always Be Present

For a very long time, Bitcoin has been facing different scaling issues. That includes the fact that when it reached its all-time high, there were so many transactions processed, users could have to wait even hours to be able to perform a transaction. Additionally, trading fees increased to values that were not competitive for users to transact Bitcoin.

There have been implemented different solutions for this issue. The first of these solutions is known as Segregated Witness (SegWit) that allows transactions to be smaller in size. In this way, it is possible for blocks (which have 1 MB of space) to process a larger number of transactions.

At the same time, Bitcoin developers are working on the Lightning Network (LN), which will be allowing Bitcoin to process a larger number of transactions in less than a second and for almost no fee. Although the Lightning Network has been expanding, Antonopoulos believes that there is no such a thing as “final solution” for the scalability issues on the Bitcoin blockchain.

As he mentioned, Segregated Witness is not enough for future mass adoption. Indeed, this solution was created in order to become a momentous solution for scalability issues. At least, until the Lightning Network is complete and running.

Antonopoulos has also commented that trying to solve the scaling issues at each level, would be something difficult to do, which will be bringing another set of scaling issues. This would happen because a whole new avenue for applications would be opened up.

As he mentioned, Segregated Witness was just the first step of many other optimizations that could come in the future. Schnorr Signatures could be the next optimization to be implemented on top of Bitcoin and that would allow it to keep scaling. With this implementation, it might be possible to see an improvement in terms of capacity between 25% to 35%.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

Coin Market Cap Price Change 24 Hour Volume
BTC $169.81B $9,555.6298 3.64% $6.18B
ETH $29.08B $272.8350 0.61% $2.17B
XRP $18.41B $0.4331 -1.49% $522.9M
LTC $8.47B $135.9994 -3.02% $938.79M
BCH $7.44B $417.0729 0.68% $198.56M
EOS $6.31B $6.8566 -0.98% $798.55M
BNB $5.14B $36.3912 2.97% $475.36M
BSV $3.96B $221.9504 -3.64% $168.01M
USDT $3.55B $1.0030 0.08% $5.38B
XLM $2.35B $0.1210 -1.79% $76.32M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.