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Bitcoin Price Falls on Block Size Controversy
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Bitcoin Price Falls on Block Size Controversy

Bitcoin Price Falls on Block Size Controversy

Fintech Nexus Staff·
FintechNews Roundup
·Mar. 20, 2017·1 min read

Over the weekend, the price of bitcoin dropped by as much as 20%; the price has since rebounded slightly with a current price as of writing of $1,041; the recent volatility is due to disagreements between developers, exchanges and entrepreneurs about the size limit of a block; some want to increase the current block limit of 1 MB; two groups have been debating including Bitcoin Unlimited, who is advocating for no limit on block sizes, and Bitcoin Core, who is advocating to keep the block size as is; Bitcoin Unlimited has recently threatened to implement a hard fork.  Source

  • Fintech Nexus Staff
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