Other > Bitspark [closed]
Bitshares getting noticed
BitsharesLabs:
It's worth revisiting.
Magazine Link has changed to https://issuu.com/jumpstartmagazine/docs/jumpstart_issue_21/18
Emma Lee:
--- Quote from: xeroc on June 18, 2018, 10:27:59 am ---+5%
--- End quote ---
The effects of transaction congestion inevitably were higher fees as transactors had to bid for their place in line, raising the network fee to unprecedented heights. While the intention of the 1Mb block size limit was to prevent system attacks, the system’s reaction highlighted Bitcoin’s weaknesses as an alternative payment system for large volume use – especially when considering it for a US$600 billion remittance market as Bitspark did.
Emma Lee:
--- Quote from: BitsparkLtd on April 30, 2018, 07:12:52 am ---
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Questions about Bitcoin’s scalability soon cropped up as an uptick of Bitcoin transactions from recent market adoption formed a bottleneck, and transaction execution began to slow down or be rejected completely due to the size limit of the blocks – the component that cryptographically conceals transactions in ‘blocks’ every 10 minutes forming the Bitcoin blockchain.
Emma Lee:
--- Quote from: BitsparkLtd on April 30, 2018, 07:08:48 am ---"Bitshares is superior to Bitcoin for payments due to what is needed in cracking the remittance industry with blockchain."
With many interested in Bitspark's switch to Bitshares, Bitspark Cofounder Maxine Ryan elaborates further as to the 'why' in latest JumpStartMag issue featuring @binance CEO @cz_binance and CryptoKitties.
Full magazine available here:
https://jumpstartmag.com/issue21/
$ZEPH Telegram group discussion available here:
https://t.me/joinchat/BQS59kQMk8Zkscos9idsgg
--- End quote ---
The focus on Bitcoin’s price, which hit an all-time high last year, shadowed its original intention as a financial equalizer that promised quick and cheap peer-to-peer (P2P) transfers, and perhaps for good reason.
Chris4210:
good job!
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