The fact that the BTC value reaches $ 30 is more impressive than when it reaches $ 6000. In terms of proper scaling, price increases can be extraordinary.
Over the past 10 years, Crypto has performed extraordinary and in 2017 it reached a price of $ 20,000.
In this article, we will review the Economic Analysis of Saifedean Ammous, who is a professor and has a “Bitcoin standard writer.” He has monitored Bitcoin’s performance and suggested that even though the results were extraordinary, it could be better. The only thing that stopped him was removed with the right scale.
Will Crypto perform better if it is discharged?
Jeffrey A. Tucker, who is an economy writer, has analyzed that Bitcoin’s realistic expectations are to achieve a much higher value than the truth. The main problem that stops him to succeed is the fact that it has not been correctly improved. The technology should be used by more traders and consumers, according to his opinion.
Failed fork scale such as BCH and BSV as a perfect example for it. Even though they have a big block, they still go far less than BTC. Tucker also praised BCH as a very useful digital asset. However, not all agree with him. One of the founders of BTC, Yan Pritzker said that Tucker’s opinion did not get good information and said that if Bitcoin was discredited as he suggested, the characteristics would suffer dramatically.
Michael Goldstein also disagrees with the statement and has analyzed that the scaling was going according to plan when the value of the crypto was $6000.
Scaling Is Present
Even though many disagreed with Tucker, there is still some truth to it – there are attempts to scale the technology, but it is not happening at the desired speed.
The answer to this issue might be the Lightning Network which is a second-layer scaling solution, migrating transactions from the crypto in order to allow for very quick and effective transfers.
Square Crypto has already launched the Lightning Development Kit, allowing the developers to create “custom” integrations of the Network via an API, demo apps, and other technical tools.
This could make the integration of the Lightning Network easier and help with the scaling of crypto. Another solution is the Schnorr signatures – it allows more transactions to fit in one block.(*)
