After years of waiting for an upgrade on the network of the leading digital asset, Taproot, an upgrade that would be focused on making Bitcoin more private whilst also improving its security has finally seen the light of the day.The upgrade was activated when F2Pool mined block 709,632 on BTC’s blockchain networkWhy the Taproot upgrade mattersIn the simplest form, the Taproot … [Read more...] about Scalability comes to Bitcoin as Taproot upgrade goes live
Scalability
Decentralization shouldn’t ‘cut corners’ in favor of scalability
In a keynote speech at this week’s Wanxiang Blockchain Global Summit in Shanghai, Polkadot (DOT) founder Gavin Wood broke down the four key advantages of the substrate parachain platform, as he predicted that non-decentralized applications will be facing increased regulatory pressure in the future. The network’s heterogeneous multichain architecture approaches fruition, with … [Read more...] about Decentralization shouldn’t ‘cut corners’ in favor of scalability
How statechains are revolutionary for Bitcoin privacy and scalability
In most cases, the differing substrates of a blockchain impose limits on what techniques are available to engineers building these novel systems. For example, the Lightning Network is made possible by leveraging the time and hash locking functionality of Bitcoin script. Blockchains with fewer restrictions on their runtime have access to layered protocols that depend on advanced … [Read more...] about How statechains are revolutionary for Bitcoin privacy and scalability
Ethereum (ETH) scalability has increased by a factor of 5
Talking to Bloomberg, Vitalik Buterin spoke openly about various aspects of Ethereum, including perhaps the most challenging issue it faces to date, scalability.The Ethereum ecosystem features the most dApps and has the highest total value locked in native DeFi protocols. However, some say it has become the victim of its own success, as evidenced by high gas fees and a … [Read more...] about Ethereum (ETH) scalability has increased by a factor of 5
The quest for Bitcoin scalability through layer two protocols
As the largest cryptocurrency by market capitalization, Bitcoin’s (BTC) effectiveness as a medium of exchange is still a matter for debate. Unlike fiat money that is inherently infinite in supply and must be managed by a central bank, Bitcoin is akin to gold in that it is commodity money with a finite supply of 21 million.However, the supply cap is not the major stumbling block … [Read more...] about The quest for Bitcoin scalability through layer two protocols