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Bitcoin Network Scalability: Understanding the Potential

Scalability is one of the main challenges facing the Bitcoin network. Due to its unique structure, the network can only process a limited number of transactions per second, which can lead to delays and higher transaction fees during peak demand periods. However, several solutions have been proposed to address this issue.

One of the most important solutions is the Lightning Network, which allows users to conduct transactions off-chain and then settle only the final result on the main blockchain. This significantly increases speed and reduces costs. Additionally, updates like SegWit (Segregated Witness) have also contributed to scalability by increasing the capacity of Bitcoin blocks.

With these solutions, Bitcoin is becoming capable of functioning as a global and scalable payment system, meeting the needs of users and developers worldwide.