What is the Bitcoin Block Size Debate and Why Does it Matter?

What is the Bitcoin Block Size Debate and Why Does it Matter?
The question of how to scale Bitcoin is not a new one. But as transaction volumes are expected to increase in the years ahead, questions about the cryptocurrency’s future composition must, in the eyes of those who favor change, be answered sooner rather than later: Whom does it serve? How should it look? What makes it unique?What are blocks?Blocks are batches of transactions that are confirmed and subsequently recorded on bitcoin’s public ledger, the blockchain.During the digital currency’s early days, these blocks could carry up to 36MB of transaction data apiece. However, in 2010, Bitcoin’s creator Satoshi Nakamoto decided to…