In 2017, a veritable civil war was fought between camps of Bitcoin believers: those who sought to keep its “block size” at 1MB, and those who wanted to increase it. Those looking for bigger blocks found themselves rallying behind a then-new cryptocurrency – a “hard fork” of Bitcoin called Bitcoin Cash (BCH) – whose premise rested on re-creating Bitcoin to mine 8MB blocks. The idea was (and still is) that larger blocks technically allow for more transactions to be confirmed at once, as you can fit more of them into a single block. This supposedly makes a blockchain more efficient. As…
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