Cryptoeconomics

Beginner’s Guide to Bitcoin’s Scalability Debate

Beginner’s Guide to Bitcoin’s Scalability Debate

By Kevin Huynh and Steven Chen

Bitcoin, a pioneering cryptocurrency invented in 2008 by Satoshi Nakamoto, was a first-of-its-kind technological advancement. Today, at over $50B valuation, it remains the dominant cryptocurrency, proving time and time again its resilience to government regulation, bans, and hackers. More importantly, bitcoin has made “distributed ledger technology ”a new field of research and development. What bitcoin has brought to the hearts and minds of successive visionaries and entrepreneurs is electrifying. What was once a single organism now flourishes within a rapidly growing crypto ecosystem.

As the vision and adoption of decentralized assets grow, however, bitcoin struggles to keep its technological lead: scalability is a formidable growing pain…