Bitcoin Scalability Problem: Unlocking the Potential of Blockchain for Seamless Digital Transactions

· Bitcoin Cash Book 17 · One Billion Knowledgeable · AI-narrated by Maxwell (from Google)
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7 hr 3 min
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About this audiobook

Bitcoin scalability problem-This chapter delves into the inherent limitations of Bitcoin's transaction capacity and its impact on global adoption. It sets the stage for the broader discussions on scalability in blockchain systems


Monero-Learn about Monero's unique privacy features and how they relate to scalability. This chapter explores the tradeoffs between transparency and speed in blockchain networks


Lightning Network-Discover how the Lightning Network seeks to solve Bitcoin's scalability problem by enabling faster and cheaper transactions, providing an essential layer to Bitcoin Cash's ecosystem


Proof of stake-Explore the proof of stake consensus mechanism, an alternative to Bitcoin's proof of work, and its potential to address scalability issues while maintaining security


Ethereum-Understand Ethereum's approach to scalability through smart contracts and decentralized applications, and how its model influences other blockchain projects, including Bitcoin Cash


Hedera (distributed ledger)-This chapter highlights Hedera's unique consensus algorithm and how it offers a new perspective on scalability through its distributed ledger technology


Cryptocurrency wallet-An essential tool for interacting with cryptocurrencies, this chapter explains how wallets function and their role in improving scalability and security within the ecosystem


SegWit-Segregated Witness (SegWit) is a key Bitcoin upgrade that helps alleviate scalability problems. Learn how SegWit improved Bitcoin's block size limit and paved the way for future innovations


Bitcoin Cash-Dive deep into Bitcoin Cash, its vision, and how it addresses Bitcoin's scalability issues by increasing block size, promoting faster transactions, and reducing fees


Bitcoin protocol-This chapter outlines the original Bitcoin protocol and its scalability limitations. Understanding this foundation is key to appreciating the various solutions proposed by other cryptocurrencies


Blockchain-Gain a comprehensive understanding of blockchain technology itself, its structure, and its potential to scale while maintaining decentralization


Ethereum Classic-Discover how Ethereum Classic, the original Ethereum chain, approaches scalability and transaction speed while retaining the principles of immutability and decentralization


Unspent transaction output-This chapter explains the concept of UTXO and how it influences scalability, transaction processing, and overall blockchain efficiency


Fork (blockchain)-Learn about blockchain forks and their significance in the context of scalability. This chapter examines the reasons behind forks and how they affect network evolution


Bitcoin-A thorough analysis of Bitcoin's origin, the scalability challenges it faced, and how it has evolved to remain the dominant cryptocurrency despite these hurdles


Privacy and blockchain-Explore the relationship between privacy and scalability in blockchain networks. This chapter discusses how privacy features impact scalability and user adoption


Bitcoin Unlimited-Understand the role of Bitcoin Unlimited in the scaling debate, focusing on its proposed solutions to increase block size and transaction throughput


Doublespending-This chapter addresses the doublespending problem and how blockchain technology, including Bitcoin Cash, solves this issue to ensure secure and scalable transactions


Algorand-Explore Algorand's novel approach to blockchain scalability, focusing on its consensus mechanism and its implications for the broader blockchain ecosystem


Decentralized application-Learn how decentralized applications (DApps) contribute to blockchain scalability, and why they're essential for the evolution of platforms like Bitcoin Cash

About the author

Fouad Sabry is the former Regional Head of Business Development for Applications at HP. Fouad has received his B.Sc. of Computer Systems and Automatic Control in 1996, dual master’s degrees from University of Melbourne (UoM) in Australia, Master of Business Administration (MBA) in 2008, and Master of Management in Information Technology (MMIT) in 2010. Fouad has more than 30 years of experience in Information Technology and Telecommunications fields, working in local, regional, and international companies, such as Vodafone and IBM. Fouad joined HP in 2013 and helped develop the business in tens of markets. Currently, Fouad is an entrepreneur, author, futurist, and founder of One Billion Knowledge (1BK) Initiative.

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