Bitcoin’s Slowness Is A Feature, Not A Bug - Data Intelligence

Bitcoin’s Slowness Is Its Strength, Not Flaw: Why It Matters

Critics of Bitcoin have often pointed out its slow transaction speed and compare it to faster blockchains that promise lightning fast settlement. However, that misses the point entirely as Bitcoin was never meant to be fast. It was designed for security, decentralization and censorship resistance; and that is only possible because of its slow and methodical transaction validation process. For developers and investors who understand Bitcoin’s phi…

Bitcoin’s slowness is a security feature, not a bug

Bitcoin’s Slowness Is A Feature, Not A Bug - Data Intelligence

The following is a guest post from Brendon Sedo, Initial Contributor at Core DAO. Satoshi didn’t invent Bitcoin to be a generalist network — a jack of all trades, master of none. Bitcoin deliberately trades speed and scalability for decentralization and security. But contrary to popular myths, this isn’t an obstacle to building new Bitcoin-based applications.  Slowness is Bitcoin’s strength, not its weakness. And the ‘Building on Bitcoin’ moveme…