Ted Bauman Offers His Expert Advice On The Current State Of Bitcoin
In 2013, Ted Bauman teamed up with Banyan Hill Publishing as the editor of Plan B Club, The Bauman, and Alpha Stock Alert. Some of his specialties include protecting people’s assets, strategies for low-risk investments, dealing with international migration issues, and privacy. For most of his life, Bauman has been helping people to free themselves from the rat race by making smart investments. When he lived in South Africa, he helped out nonprofits by taking executive positions where he helped them manage their funds. Altogether, he has helped more than 14 million people from all over the world to live a better life, which would be a remarkable feat for anyone to accomplish in their entire life, and he isn’t finished yet.
Ted Bauman recently has had to point out that there are some issues with bitcoin that may upset some of its more excited devotees. The main problem is that bitcoin is not able to process many different transactions all at once in an efficient manner, which is a big deal in today’s fast-moving economy. When compared to credit cards, the speed at which its transactions get processed is a snail’s pace; meaning that some bitcoin transactions can take up to 40 minutes. An average transaction can take up to 10 minutes, and while bitcoin can only handle somewhere from six to seven transactions per second, a credit card company, like Visa, for example, can handle up to 20,000 transactions per second. Read more about Ted Bauman at Ezine Articles
Ted Bauman has suggested that bitcoin could speed up its transaction rate by increasing the size of data blocks or reducing the amount of data that is processed during a mining block. He was quick to point to the fact that miners of bitcoin are already working to integrate SegWit2x technology, which helps to reduce the load of data in every bitcoin block. Unfortunately, their efforts have been hindered as leaders in the bitcoin community believe that this will cause security issues to crop up. Ted Bauman has pointed to Bitcoin Cash as away to increase the scalability of bitcoin, which is an offshoot cryptocurrency of bitocoin that works with a larger block size that makes its transactions move quicker.
Ted Bauman was born in the United States but moved to South Africa at a very young age and studied at the University of Cape town where he earned his degree in History and Economics. He now lives in Atlanta, Georgia with his family where he focuses on helping people to live successful and free lives without worrying about money. For more updates click here:https://stocktwits.com/tedbauman