Fizzure in the Blockchain

August 21, 2015

Dear Houston, Bitcoin has a problem. The digital cryptocurrency's community has  split into two camps over the issue of block size. The bitcoin blockchain has a limited capacity for processing transaction: it can handle seven per second. That processing speed is nowhere near robust enough to have indisutrial-scale transcation processing; you problem have more than seven internet tabs open right now. To address this issue, Bitcoin XT has been introduced. It is a client that will increase this size of BTC blocks . (I'm no expert, read this article for full deets.)

 

The debate of the proper bitcoin block size should not surprise anyone schooled in political theory, as the revolutionary/ anarchistic nature of bitcoin has always been at odds with the goals of those who advocate for its mainstream adoption.

 

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