Scaling debate within Bitcoin community from "summary" of Digital Gold by Nathaniel Popper
The debate over how to scale Bitcoin had been simmering for years, but it finally boiled over in 2015. The crux of the issue was the size limit of blocks on the Bitcoin blockchain, which capped the number of transactions that could be processed at any given time. This limit, set at 1 megabyte, was becoming increasingly problematic as Bitcoin's popularity and usage grew. One camp argued for increasing the block size to accommodate more transactions and relieve congestion on the network. They believed that this was the most practical and immediate solution to the scaling problem. On the other side were those who advocated for a different approach, such as implementing off-chain solutions like the Lightning Network to facilitate faster an...Similar Posts
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