- Maxwell and his team have a business interest in blocks staying small, because more people would need side chains.
- Bitcoin’s mainstream popularity has grown in fits and starts in recent years.
- Smith, Wright and some other key bitcoin developers want the blocks to be larger so more transactions can clear at the same time.
- Unlike Visa, bitcoin doesn’t have a central clearinghouse to process all transactions.
- Fans of bitcoin say the system, which tends to be a pet project of encryption wonks, could eventually rival Visa.
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@Russler_78: “Short video animation from @guardian is a good introduction to #cryptocurrency & #Blockchain”
Billed as the future of democratized, digital money, the currency is now at the center of a conflict over how to develop technologies behind the system
The battle over the future of bitcoin