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Bitcoin blockchain protocol

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Reference no: EM132278078

Bitcoin transaction rate is 7 transactions per second which is very low compared to traditional payment system.

(a) Provide 2 suggestions for changes in the bitcoin blockchain protocol that will increase the transaction rate to 70/second.

(b) For each such suggestion, explain why current bitcoin developers do not implement these changes? (What will be the issues with respect to security and integrity of the blockchain if they did?)

Reference no: EM132278078

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