Hey kids! Did you know Bitcoin, a type of digital money, might be a little slower than we thought? A smart person who helps build Bitcoin, Luke Dashjr, noticed something interesting. Usually, a Bitcoin transaction is super secure after six 'blocks' (like puzzle pieces) are added. But now it takes much longer!
- It used to take minutes to confirm a Bitcoin transaction.
- Now it can take over a week!
- This is because some big companies control a lot of the Bitcoin network.
- This could make it easier for someone to try and change past transactions, which is a problem!
| Problem | Details |
|---|---|
| Confirmation Time | Used to be 6 blocks (minutes), now over 800 blocks (days) |
| Big Company Control | Some companies control too much of Bitcoin's power. |
| Risk | This could make Bitcoin less secure and could allow censorship. |
Some people are worried, others think Bitcoin will fix itself. It's a complex situation, but it's important to learn about how Bitcoin works!
