Bitcoin Reading Time: 4 minutes Bitcoin’s block size is just 1MB, which has caused congestion on the network since January 2017 The block size issue has caused a civil war that dates back to 2011 Why does Bitcoin have a 1MB block size and why is it still there? Anyone who has tried to transact on the Bitcoin network in recent years knows two things – it’s slow and it’s expensive. It wasn’t always this way of course. Back in its infancy when Bitcon’s blocks were largely empty, transactions were processed quicker and for a fraction of the cost of […]