Published on August 18th, 2015 | by bitcoin0
Vox reports Bitcoin on the verge of a constitutional crisis
The argument is the closest thing the Bitcoin community has had to a constitutional crisis.
The Bitcoin network is running out of capacity
The Bitcoin network processes transactions in units called “blocks,” which are created about every 10 minutes.
If some parts of the Bitcoin network raise the limit and others don’t, the network would be split in two.
When the Bitcoin network becomes congested, Bitcoin has a system of transaction fees that help bring supply and demand into balance.
In short, the rules of the Bitcoin software act as a kind of constitution for the Bitcoin community.