Bitcoin's Capacity Issues No 'Nightmare', But Higher Fees May Be New Reality

Bitcoin's Capacity Issues No 'Nightmare', But Higher Fees May Be New Reality

While bitcoin may not be facing a "nightmare" scenario as indicated by the media, digital currency users are now paying higher-than-average fees and waiting longer for transactions to confirm due to an unknown disruptive network user. The incident has sparked a flurry of questions about the nature of the increased transaction load on the network as it comes amid the ongoing debate over scaling the bitcoin network. Known as the "block size debate", the issue has fragmented the bitcoin community into two camps: Bitcoin Core, the network’s volunteer developers, who are seeking to change to....


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Does the Lightning Network Threaten Bitcoin’s Censorship Resistance?

The Lightning Network may well be Bitcoin’s primary solution to the issue of scalability, but many skeptics believe there are unresolved issues with this layer-2 system for the blockchain. The possibility of too much centralization via so-called “supernodes” is one of the common criticisms of the Lightning Network, and attached to that is the fear of these new, mostly -centralized payment hubs having the capacity to censor transactions. Bitcoin Magazine recently reached out to BitGo Engineer and Statoshi.info creator Jameson Lopp to get his thoughts on the possible privacy issues....

Does the Lightning Network Threaten Bitcoin’s Censorship Resistance?

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