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the bitcoin network can already process a much higher number of transactions per second than it does today. it is, however, not entirely ready to scale to the level of major credit card networks. work is underway to lift current limitations, and future requirements are well known. since inception, every aspect of the bitcoin network has been in a continuous process of maturation, optimization, and specialization, and it should be expected to remain that way for some years to come. as traffic grows, more bitcoin users may use lightweight clients, and full network nodes may become a more specialized service.
side hustle denver for more details, see the scalability page on the wiki. is bitcoin legal? to the best of our knowledge, bitcoin has not been made illegal by legislation in most jurisdictions. regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. is bitcoin useful for illegal activities? bitcoin is money, and money has always been used both for legal and illegal purposes. cash, credit cards and current banking systems widely surpass bitcoin in terms of their use to finance crime. bitcoin can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks.
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