Musiccosmos

bloXroute Labs and a team of Northwestern University students believe Bitcoin’s biggest problem, scalability, can be solved without affecting its chief virtue — decentralization. Northwestern and bloXroute Labs Are Working to Solve Scalability Issue Critics have always identified the limited number of transactions that Bitcoin’s 0 0 network can process as its most significant problem. They point out that this is what has prevented Bitcoin from becoming the most effective form of payment in the world. Several techniques have been and are currently being implemented to address the issue of scalability and high transaction fees. Nevertheless, they are not good enough to compete today with Visa, for example. bloXroute Labs identifies the problem that affects Bitcoin and other cryptocurrencies’ networks, as follows: Specifically, they employ a trustless P2P network model to propagate transactions and blocks, which does not scale as the volume of transactions increases, a fact rese...