Bitcoin Cash (BCH) is About “Scaling Bitcoin”: Can One True Bitcoin Support the Global Economy

    There have been multiple debates in the past and confusion on whether Satoshi Nakamoto’s creation can scale. Since Bitcoin Cash was created, it has exceeded expectations despite all the negative comments it has received. It has recorded multiple scaling milestone in 2018. When people object to on-scaling, they never lack to mention the size of the blockchain and block propagation speed as excuses.

    Bitcoin creator, Satoshi, wrote that he believed that the technology would not only rely heavily on the Simplified Payment Verification model, but also follow right alongside Moore’s Law which states that the number of transistors on a chip doubles every year while the costs are halved.

    He emphasized that many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices. He wrote that if the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.

    Gordon Moore’s Theory True But Should Not Be A Limit

    Gordon Moore was the founder of Intel and in 1965 he had predicted that the number of transistors added to an integrated circuit would double every twelve months. He changed his statement in 1975 saying the component cost of a semiconductor would double every two years. So far Moore’s Law has been fairly precise.

    Even though semiconductor technology is improving widely and the CPU and RAM continues to grow cheaper while storage space is following in hot pursuit, blockchain scaling has been stalled in the past with the excuse of insufficient blockchain storage.

    Apple’s new A12 7nm chip can process 5 trillion operations per second. This proves our computer devices continue to be faster with each new development. There is no excuse to slow down scaling efforts because of Moore’s theoretical limitations.

    Latency Issues Are No Excuse Not To Scale

    Latency is the delay before a transfer of data begins following an instruction for its transfer or before the Bitcoin protocol to propagate blocks. This issue can be easily fixed by making adjustments to both the software and hardware specifications of a computer network. It may be a problem to non-mining nodes using 56K modems, but with Fiber optical cables latency is really not an issue.

    Bitcoin Cash Chain Is Proving on-Chain Scaling Can Work

    It is clear that all the theoretical limitations of blockchain scaling can be solved. Low-latency fiber-optical cables are improving global bandwidth speeds, semiconductors are faster than ever before and hard drive space is more affordable. Bitcoin Cash chain shows hard forks are safe and block size can be easily increased.

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    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

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