By: Rakesh Sharma
A new study by a team of research scientists claims to have cracked Bitcoin’s scalability problem. And it does it by eliminating the need for consensus among systems to confirm a transaction, the researchers claim.
The study is detailed in a paper by researchers at the Federal Polytechnic School of Lausanne in Switzerland. The paper, which recently won the Best Paper award at the International Symposium on Distributed Computing in Budapest, describes a very different approach to validating a transaction in cryptocurrencies such as Bitcoin.