The ongoing Bitcoin blocks size debate remains a source of considerable controversy. Despite a meeting taking place between Bitcoin developers over the weekend, there are rumors regarding a possible hard fork to increase the block size. Interestingly enough, this approach was proposed quite some time ago, and the idea was shot down almost immediately.
Hard forking a cryptocurrency – more particularly, the most valuable cryptocurrency in the world right now – is not a decision that should be taken lightly. Albeit this is usually done to address some critical issues, there is no turning back from a decision like that. Moreover, not everyone in the community might agree with the hard fork decision, which could lead to catastrophic results.
To Hard Fork Bitcoin or Not?
The Bitcoin block size debate has been a critical point of discussion for quite some time now. Over the past year, developers have held several meetings, and come up with a roadmap for development. Unfortunately, that plan of action is not to the liking of a lot of Bitcoin holders, as they want to see this issue resolved once and for all.