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by proofofmoon
3041 days ago
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O(n) total world energy expenditure on Bitcoin scales to O(1) transactions, so it currently only gets worse as more energy is poured into the system for the same transaction output. There's a few solutions proposed: - off-chain transactions (Lightning Network) - unknown complexity - increased block size (Bitcoin Cash) - O(n) -> some larger O(1) - a different consensus system (proof of stake blockchain, distributed proof of stake blockchain, Tangle, etc.) - varies It's possible that the Bitcoin ecosystem will adopt one of these solutions in the future, but there doesn't appear to be a silver bullet right now. |
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