Number of transactions per month, on a logarithmic scale
The Bitcoin scalability problem refers to the limited capability of the Bitcoin network to handle large amounts of transaction data on its platform in a short span of time.[1] It is related to the fact that records (known as blocks) in the Bitcoin blockchain are limited in size and frequency.[2]
Bitcoin's blocks contain the transactions on the bitcoin network.[3]: ch. 2 The on-chain transaction processing capacity of the bitcoin network is limited by the average block creation time of 10 minutes and the original block size limit of 1 megabyte. These jointly constrain the network's throughput. The transaction processing capacity maximum estimated using an average or median transaction size is between 3.3 and 7 transactions per second.[2] There are various proposed and activated solutions to address this issue.
^[The Limits to Blockchain? Scaling vs. Decentralization.] Social Science Research Network. Cybersecurity, Privacy & Networks eJournal. Accessed 21 April 2019.
^ abCroman, Kyle; Eyal, Ittay (2016). "On Scaling Decentralized Blockchains" (PDF). Financial Cryptography and Data Security. Lecture Notes in Computer Science. Vol. 9604. pp. 106–125. doi:10.1007/978-3-662-53357-4_8. ISBN 978-3-662-53356-7. Retrieved 10 December 2017. The maximum throughput is the maximum rate at which the blockchain can confirm transactions. Today, bitcoin's maximum throughput is 3.3–7 transactions/sec [1]. This number is constrained by the maximum block size and the inter-block time.
^Antonopoulos, Andreas M. (April 2014). Mastering Bitcoin. Unlocking Digital Crypto-Currencies. O'Reilly Media. ISBN 978-1-4493-7404-4.
and 26 Related for: Bitcoin scalability problem information
The Bitcoinscalabilityproblem refers to the limited capability of the Bitcoin network to handle large amounts of transaction data on its platform in...
modification attacks profitable. The Bitcoinscalabilityproblem refers to the limited capability of the Bitcoin network to handle large amounts of transaction...
Some Bitcoin ATMs offer bidirectional functionality, enabling both the purchase of Bitcoin and the sale of Bitcoin for cash. In some cases, Bitcoin ATM...
is the largest of all Bitcoin forks, exceeding 2.5 terabytes in size.[citation needed] Bitcoinscalabilityproblem List of bitcoin forks List of cryptocurrencies...
The Bitcoin Foundation is an American organization that was formerly a nonprofit corporation. It was founded in September 2012 in an effort to restore...
Bitcoin City is a planned smart city project in La Unión, El Salvador. The planned city is intended to be a tax haven, and to use geothermal energy to...
notable commercial activities related to bitcoin. Common services are cryptocurrency wallet providers, bitcoin exchanges, payment service providers and...
Bitcoin Beach) became one of the first locales in the country to accept Bitcoin as a payment method, and inspired the country's adoption of Bitcoin as...
Bitcoin forks are defined variantly as changes in the protocol of the bitcoin network or as the situations that occur "when two or more blocks have the...
members of the network) and has been proposed as a solution to the bitcoinscalabilityproblem. It is a peer-to-peer system for making micropayments of cryptocurrency...
Bitcoin is a cryptocurrency, a digital asset that uses cryptography to control its creation and management rather than relying on central authorities...
improve scalability. SegWit opponents, who supported larger blocks as a scalability solution, forked to create Bitcoin Cash, one of many forks of bitcoin. In...
Bitcoin Unlimited (BU) is a full node implementation for the bitcoin and Bitcoin Cash networks. The Bitcoin Core client, from which Bitcoin Unlimited...
investor in Bitcoin, Bitcoin-related startups and an early promoter of Bitcoin, and sometimes known as Bitcoin Jesus. He now primarily promotes Bitcoin Cash...
sponsoring Real Bedford F.C., an English non-league football club owned by bitcoin podcaster Peter McCormack; in April 2024 the Winklevoss twins were announced...
generator. Such a failure in random number generation caused users of Android Bitcoin Wallet to lose their funds in August 2013. To ensure that k {\displaystyle...
El Salvador became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El...
The environmental effects of bitcoin are significant. Bitcoin mining, the process by which bitcoins are created and transactions are finalized, is energy-consuming...
The Bitcoin Law (Spanish: Ley Bitcoin, pronounced [ˈlej biðˈkojn]) was passed by the Legislative Assembly of El Salvador on 8 June 2021, giving the cryptocurrency...
Fort Knox of bitcoin". The Verge. Retrieved 28 December 2016. "Bitcoin is 10 years old today - here's a look back at its crazy history (BITCOIN)". Business...
Bitcoin was designed by its pseudonymous inventor, Satoshi Nakamoto, to work as a currency, but its status as a currency is disputed. Economists define...
pseudonymous person or persons who developed Bitcoin, authored the Bitcoin white paper, and created and deployed Bitcoin's original reference implementation. As...
Bitcoin Gold (BTG) is a cryptocurrency. It is a hard fork of Bitcoin, the open source cryptocurrency. It is an open source, decentralized digital currency...
is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; value as of 2023 approximately $3.4 billion)...
"a direct precursor to the Bitcoin architecture." According to Szabo, he was specifically focused on the double spend problem: "I was trying to mimic as...
"Bitcoin Median Transaction Fee historical chart". Archived from the original on 28 March 2023. Retrieved 19 March 2023. Scalability of the Bitcoin and...
Global Information