CandleFocus Outdated and Outpaced? Bitcoin Faces Major Threats from Emerging Tech
2024-10-28
Author: Content Editor
Bitcoin (BTC) is facing criticism within the crypto industry due to its technological and economic limitations. Its transaction speed of 7-13 transactions per second falls far behind emerging blockchain technologies that boast speeds over 100,000 TPS. BTC's governance structure, controlled by a small group of influential holders, has prevented necessary upgrades and raised questions about its sustainability. Additionally, BTC's security model and fee structure may lead to a breakdown within the next decade, posing a risk for investors and potentially causing a "death spiral" scenario. As alternative platforms like Ethereum, Solana, and Avalanche offer more efficient and adaptable solutions, BTC's dominance could hinder the overall progress of the industry.
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