Bitcoin Magazine
What Does Scaling Bitcoin Mean? What Are We Scaling?
Bitcoin has a scaling problem.
It was designed to facilitate payments not dependent on trusted third parties, and in order to accomplish this the system needs to be verifiable for all users to ensure payments are valid without trusting the word of a third party.
These two things are diametrically opposed.
If the system facilitates everyone who wants to transact doing so on the blockchain, then the cost for people to verify all of these transactions increases enormously, forcing most people to trust a third party who can afford those costs. If the system maintains a low cost of verification for participants, then everyone who wants to cannot cost effectively transact on the blockchain.
So we’ll scale Bitcoin with Layer 2s, right? But what does that mean? I’m sure most people reading this hear the word scaling and immediately think purely in terms of transactions per second. The more transact
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