ANX CTO: Bitcoin’s Scalability Issue is a ‘Red Herring’

Bitcoin Watch Shop

Finnovasia

During a speak during Finnovasia 2015 in Hong Kong this week, ANX CTO Hugh Madden told an assembly of collected FinTech professionals that he believes concerns about a bitcoin blockchain’s ability to scale are a “red herring”.

The comments particularly follow a two-day Scaling Bitcoin discussion during that a open, open blockchain’s tellurian expansion village came together to introduce technical issues associated to a bitcoin protocol.

Madden, who after seemed on a row review centered on a technology’s expansion in Asia, done a box during a eventuality that notwithstanding a turn of press time emanate has received, lofty expectations for a bitcoin blockchain are a base of what he argues is a mischaracterization of a technical efficiencies.

Madden told a audience:

“It’s a finish and complete red herring. Name any form of information send that is obliged for each information send in a world? There’s good applications and there’s bad ones, though scalability is not a showstopper.”

In part, Madden fit his faith by citing a fact that a infancy of a experts in a burgeoning margin have “never worked” in a financial association and are expected to continue to work on a bitcoin blockchain, a trend he


Read more ... source:

Advertise on the Bitcoin News