Bitcoin Critics Are Becoming More Vocal As Signs Of market Recovery Grow

More than ever there is debate among crypto advocates over the future of Bitcoin. Some assert that its future as the flagship blockchain asset is secure, whereas others claim that it will eventually lose its top status to a better designed altcoin. Now that a market recovery appears to be underway, the critics are becoming more vocal in arguing that Bitcoin’s days are numbered. Regardless of whether or not these naysayers are correct, they are influential, and their opinions are adding a unique perspective to the cryptocurrency revolution.

There is no shortage of recent criticism about Bitcoin’s perceived technical limitations. For example, four Hungarian computer scientists have just published A Cryptoeconomic Traffic Analysis of Bitcoin’s Lightning Network, where they claim to have created a simulator to model high-traffic use of the second-layer scaling protocol. The results, according to their study, are not good. The team concludes that the Lightning…