Bitcoin Forking
Forking is when the basic protocol of bitcoin has been changed and suddenly the blockchain splits. There is a fork in the road. One of the limitations of bitcoin that seems to plague many users is the size cap on the block. One megabyte seems to be too small to make sense. In 2010, it might have been okay but in the streaming world of today, it seems to be prohibitive. Developers tried to find ways to improve bitcoin, at least to their way of thinking, their changes would be improvements. The issue is that the changes had to appeal to enough people in the crypto currency community so that the new cryptocurrency would be accepted. A shot at changing this protocol was Bitcoin XT. This forked bitcoin core which is the basis of the bitcoin network. In 2015, the plan was to allow the block to have a cap of 8 megabytes. It would increase the number of transactions that could be contained in each block. It was not a popular idea and it quickly faded and within a year, it was re...