BTC Scalability Solutions

1. BTC Scalability Solutions:

Supporters of the Bitcoin ecosystem are divided into two camps regarding scalability. The conservative camp believes Bitcoin must maintain its pure monetary nature, serving solely as a store of value, without the need for other forms of scalability. The progressive camp argues that Bitcoin needs to scale to develop a more native application ecosystem, fostering its growth on a larger, sustainable scale.

Several mainstream scalability solutions have been proposed:

• Non-upgradeable Scaling: This approach involves utilizing Bitcoin's existing features without altering its technical architecture to achieve specific types of scalability.

• Sidechains: Creating a separate chain and linking it to the Bitcoin mainnet through specific cross-chain technologies. Sidechains became popular for their ability to issue their own tokens, attracting community and market interest.

• Upgrade-based Scaling: Upgrading the technical architecture or systems of the Bitcoin network is necessary for this solution. It ensures decentralization while addressing scalability issues, but the upgrade requires consensus within the Bitcoin community.

• One-way Transfer: This approach, proposed by the Hacash community and Hacash.com team, involves irreversibly transferring Bitcoin to a theoretically more decentralized and technically mature new chain. It employs a multi-layered approach for scalability.