A panel discussion[1] dedicated to Bitcoin (BTC) scaling between Bitcoin.com CEO Roger Ver[2] and Blockstream Chief Strategy Officer Samson Mow[3] turned into a battle of visions at the Distributed Economy’s (Deconomy 2018) first annual Blockchain forum in Seoul, South Korea[4], April 3rd.
The two-day event, which took place from April 3rd to 4th, brought together Blockchain[5] enthusiasts, entrepreneurs, and leaders in the field aiming to cover the hottest topics in the industry.
The issue of Bitcoin[6] scalability has always been a persistent and painful problem of the first cryptocurrency[7] due to the constant increase in the number of transactions on the chain and the inability to validate them fast enough.
Giving the floor to Ver to express his opinion about Bitcoin scaling, the attendees witnessed his ardent conviction that the scaling of Bitcoin is a ‘natural’ part of the cryptocurrency’s Blockchain, and that there’s no reason to avoid block size increasing if the growing adoption requires it. Ver’s position is that Bitcoin has failed to become digital cash for everyday payments, such as paying for a coffee. That vision, according to Ver, now lives in the ideology of Bitcoin Cash[8] (BCH).
Samson Mow, to the contrary, said that an over the edge increase of blocks is not an ultimate solution as it could lead to increasing the chain weight. Mow believes that there should be a second layer technology integrated, where everything is cryptographically bound to the main chain. According to Mow, this would enable keeping the Bitcoin Blockchain compact enough to synchronize transactions with nodes for a relatively small period of time. He also sees a solution in the usage of Bitcoin coupled
