Bitcoin division escalates with new blockchain tech releasehttp://www.cbronline.com/news/verticals/finance/bitcoin-division-escalates-with-new-blockchain-tech-release-4809471News: Developers release new product doubling size of blocks
Bitcoin Classic, a product challenging some of the key technology the cryptocurrency is based on, has been released, bringing to reality a split within the community.
There has been a major battle raging at the heart of the Bitcoin community ever since key developer Mike Hearn very publicly quit working on it, saying that "the fundamentals are broken".
The division is over the size of the blocks in blockchain - the technology that the Bitcoin cryptocurrency is built upon, which Hearn said is "full" due to "an entirely artificial capacity cap of one megabyte per block" imposed by a very small number of extermely powerful bitcoin miners in China who dominate the ecosystem
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