Tuesday, August 18, 2015

Block Size: Bitcoin Does Not Scale Effectively

This weekend's official XT release was made under pretense that a bigger block size will supposedly increase Bitcoin's capacity and allow more transactions per second, cheaper fees and wider adoption. So why had the decision caused so much controversy and why didn't the Core developers just implement it already? We all want a large scale Bitcoin with maximum participation, don't we? As it turns out, the XT developers are not telling the whole truth and are knowingly putting Bitcoin's future on the line. Decentralised and Trustless by Design Satoshi Nakamoto based the Bitcoin protocol on a Peer-2-Peer network design. Instead […]

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