With Bitcoin being at the epicenter of many discussions these days, it seems like a good time to look at how the legendary network has evolved. Although BTC is the largest cryptocurrency by market capitalization, the underlying Bitcoin blockchain is often criticized for its lack of features compared to newer blockchains like Ethereum.
As a layer-1 blockchain (which is also the oldest), Bitcoin contains some inherent problems by design. But at the same time, projects are tirelessly working to solve them, gradually adding new features to the network. Additionally, the Bitcoin developer community also rolls out regular updates to further optimize the network infrastructure to facilitate modern-day needs.
That said, here are three of the biggest misconceptions about Bitcoin and how one project is upending this prevailing dynamic.
1. Bitcoin Can’t Scale
The average transaction speed on the Bitcoin network stands at around 7 to 10 transactions per second (TPS), which is much slower tha
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