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RE: [Criptopedia] Bitcoin Cash - BCH
To me scalability needs to mean two things, fast and free. A blocksize of 8 MB might make the chain faster for now but BCH will run into the same problems as its big brother when transactional volume increases. Right now it makes sense to buy a car with bitcoin, but not a cup of coffee because fees are proportionally high and it's obviously slow. To solve the scalability issue I think the only way to go is side-chains, which is why I'm eagerly anticipating Segwit and Lightning Nework developments.
Indeed, since the whole blockchain must be stored to process transactions.
Lightning network? I still dont know. Probably Will make things faster, but might create some problems on the decentralization Topic.
That's the great thing about it! When I'm buying coffee, who cares about decentralization? I just want it fast, and cheap so it makes sense to use the lightning network. But when I'm storing my life savings and transferring large sums, I don't care about fast and cheap. I care about secure and decentralized, so it would only make sense to use the Proof of Work chain. Lightning network wouldn't replace Proof-of-Work, it would simply exist as an option for use in certain scenarios. Do you see any potential problems?