Here are some of the arguments for and against in this latest debate over the Bitcoin protocol. Ready bitcoin mining fire protection start building Dapps?
Dive deep into blockchain development. Is Bitcoin a Good Investment? Bitcoin’s block weight limit to eight megabytes this November. Many proponents of a block size limit increase believe that one of Bitcoin’s main value propositions is its potential as a payment rail. They prefer on-chain transactions to be cheaper and faster than they have been recently, and think this is what the silent majority of users wants as well. Bitcoin’s other defining features, such as censorship resistance. With bigger Bitcoin blocks, the network can handle more transactions.
This should drive average fees down and have transactions confirm faster. Faster adoption could, in turn, benefit Bitcoin in several ways. Bitcoin’s exchange rate could increase, which would also grow miner revenue, which should translate to more hash power to secure the network. Meanwhile, more total users may run full nodes to benefit geographic network decentralization. Furthermore, increased popularity might even make it harder for governments to ban Bitcoin. Bitcoin network into two incompatible blockchains and currencies. Most signatories believed, at least at the time of the agreement, that this would be a solution that should keep the Bitcoin network together.