Blockchain, Corporate Finance, Cryptocurrency, World Business
Economics Press Release
Congestion can allow Blockchains to Finance their Infrastructure and is Vital to Bitcoin, According to New Research from Columbia Business School
Network congestion is driving user paid fees in Bitcoin and other blockchain based systems Adequate network congestion is critical for sustainable long-run operation of the system Simple design modifications to the current Bitcoin protocol such as smaller but more frequent blocks and dynamically adjusting throughput to control congestion would increase the overall efficiency of the system.