Bitcoin transaction processing takes up to 10 hours
This is a really complicated discussion, that has been splashed all over reddit and other forums for the last year. The reality is that the network is rapidly approaching if it hasn&#x27;t already exceeded capacity at 1 MB. This doesn&#x27;t break the network, but it ends up with load sheddding (people who no longer transact) and worse, people who transact but due to rapidly changing fees have to wait in line indefinitely to get their first confirmation. The mempool will eventually randomly eject transactions, but this can cause issues for wallets and other services.<p>To say that centralization increases dramatically at 2 MB just isn&#x27;t the case. Once people stop running full nodes because they don&#x27;t believe in Bitcoin&#x27;s potential as a transaction network then what? This is all about control, who gets to control the fate of the Bitcoin network, and right now that battle is being waged between large well funded companies each of which has its own vision for what Bitcoin is.<p>Development should under no circumstances be centralized with one entity, but there you have it. The only people who benefit from bitcoin being unable to scale are those who want it to simply be a digital gold &#x2F; store of value, and those that sell alternative solutions for various markets. This is just going to lead to capital flight from Bitcoin into alternative networks that have a growth potential despite being inferior at the moment.