![]() ![]() However, the big question is: do all these organisations have Bitcoin’s interests at heart? Of course there are powerful interests who would prefer to see Bitcoin fail. The funding for Bitcoin development has come from various sources – the Chinese exchange BTCC, Ciphrex, Chaincode Labs Inc., the company Blockstream, MIT Media Lab’s Digital Currency Initiative, and others. This is the one thing which we thought it would save us from. Bitcoin has apparently fallen prey to politics. Also, there’s no financial incentive to upgrade to the latest software and hardware. The only way to make a big change is to introduce a hard fork – creating a second Bitcoin, and hoping that everyone will come along with it. The blockchain data validation is managed by low end-nodes on a voluntary basis. ![]() Also, Bitcoin has no formal governance structure that would allow for protocol changes to be easily agreed on and implemented. This leaves the development to be managed by powerful interest groups or volunteers. What Bitcoin Blockchain Weaknesses Does Dash Want to Overcome?īitcoin’s weaknesses include a 10-minute block creation period that constricts Bitcoin’s real world transaction usage by users and a block size limit that slows transaction processing time.Īs an open source project, Bitcoin lacks a developer funding model. What Bitcoin Blockchain Weaknesses Does Dash Want to Overcome?. ![]()
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