Some Bitcoin Backers Are Defecting to Create a Rival Currency
These programmers, known as the core developers, have said
that increasing the amount of data included in each block of transactions would make it harder for individual users to process the blocks and easier for a small number of companies to take control of the Bitcoin network.
The core developers have come up with their own solution to increase the number of transactions
flowing through the system with software known as Segregated Witness, or SegWit.
Many of the largest Bitcoin companies agreed in May
that they would install the SegWit software the core developers created, while also moving toward a doubling of the size of each block of transactions, to two megabytes, in November.
Bitcoin Cash is set to increase the limit on the number of transactions that can be processed by the Bitcoin network every 10 minutes.
