Is Bitcoin Scaling a Workaround to the Block Size Issue?


The block size debate has been going on for quite some time now, prompting developers Andresen and Hearn to create a new version of the bitcoin software and force the network to a hard fork. The hope is that the system can make the decision itself based on consensus, which is typically how the network functions anyway.

However, developers suggest another option, which is to scale bitcoin. Sidechains have also been discussed as a potential workaround to the issue of increasing the block size from 1MB to 8MB, possibly allowing the network to handle more transactions and verify those in a shorter span of time.

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Scaling vs. Block Size Increase

Earlier in the month, a number of bitcoin developers penned and signed an open letter to the community, proposing a couple of

Read more ... source: TheBitcoinNews