Bitcoin or Bitcoin Cash? Vitalik Buterin delves into the blocksize war
The blocksize war, a contentious debate within the Bitcoin (BTC) community, led to a chain split in 2017 and remains relevant seven years later. In particular, the dispute centered around whether to increase the block size limit from 1 MB to accommodate more transactions. This split resulted in the creation of Bitcoin Cash (BCH), a separate cryptocurrency with a larger block size. In a recent blog post, Vitalik Buterin, the creator of Ethereum (ETH), shared his reflections on the blocksize war. Buterin, who recently finished reading two books presenting opposing perspectives on the conflict, offered his unique insights into the debate. Notably, the two books, “The Blocksize War” by Jonathan Bier and “Hijacking Bitcoin” by Roger Ver and Steve Patterson, provide contrasting narratives. Bier’s book presents the pro-small-block perspective, while Ver and Patterson’s work advocates for the pro-big-block side. ...