Did Ethereum’s Fork Validate Bitcoin Block Size Conservatism?

math, blackboard

Could a development on the ethereum blockchain help resolve one of bitcoin’s longest-running debates?

It may not seem like an obvious question given the differences between the two blockchain networks. After all, bitcoin aims to provide an uncensorable digital currency, while ethereum seeks to serve as a platform for decentralized applications.

However, given that a decision made last month has effectively split ethereum into two competing blockchains, some academics and analysts are wondering just that.

More than a month after the collapse of The DAO, two ethereum blockchains operate, a development that has resulted in a chaotic transaction environment and criticisms that linger to this day as to whether the move that led to this result was the “right choice” in response to the challenges faced.

It’s in this context of decentralized governance that the ethereum hard fork is now helping to inform the block size debate in the bitcoin community. That debate, which began in 2015, has divided bitcoin users on how best to scale the network to accommodate more users for months.

To some, the Bitcoin Core development team was seen as too conservative, too worried about the technical failures of a hard fork to take actions that could

Read more ... source: TheBitcoinNews

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