Investigation of the Potential for Using the Bitcoin Blockchain as the World’s Primary Infrastructure for Internet Commerce

Bitcoin has the potential to replace all existing payment systems to become the world’s primary infrastructure for commerce over the internet. However, to grow in scale to meet the demands of such a system’s current imposed constraints will need to be lifted. We have simulated the existing network and extrapolated to alternative future networks to test the hypothesis that the infrastructure is capable of handling increased block sizes. 

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