Years ago, the Bitcoin network became slow and expensive to use. A debate arose over how it should be fixed. One camp was for increasing the block size (allowing more transactions per block on the blockchain). The other camp was for small blocks and using "side chains" to cheaply and quickly process bitcoin transactions. EDIT: off-chain transactions is more accurate than the term sidechain
Coincidentally, a company called Blockstream, funded by Epstein (that's right, funded by Epstein), was developing a system for processing Bitcoin transactions off of the blockchain, using side chains. This system is called the Lightning Network.
Satoshi, the creator of Bitcoin, designed it to have growing block sizes. The more libertarian types in the crypto world (the OG crypto people) were for sticking with Satoshis vision for Bitcoin. But in the end, the noobs fell for the propaganda and Bitcoin was stuck with small blocks, sidechains, and the lightning network.
As a result of the small blockers gaining control of Bitcoin, the big blockers forked the bitcoin blockchain, creating a new bitcoin called Bitcoin Cash. In my opinion, this is what Bitcoin was designed to be, a peer to peer cash system. Cheap, fast transactions.
That's just how I remember it. This happened maybe 6 years ago. Details may be off here or there.
Years ago, the Bitcoin network became slow and expensive to use. A debate arose over how it should be fixed. One camp was for increasing the block size (allowing more transactions per block on the blockchain). The other camp was for small blocks and using "side chains" to cheaply and quickly process bitcoin transactions.
Coincidentally, a company called Blockstream, funded by Epstein (that's right, funded by Epstein), was developing a system for processing Bitcoin transactions off of the blockchain, using side chains. This system is called the Lightning Network.
Satoshi, the creator of Bitcoin, designed it to have growing block sizes. The more libertarian types in the crypto world (the OG crypto people) were for sticking with Satoshis vision for Bitcoin. But in the end, the noobs fell for the propaganda and Bitcoin was stuck with small blocks, sidechains, and the lightning network.
As a result of the small blockers gaining control of Bitcoin, the big blockers forked the bitcoin blockchain, creating a new bitcoin called Bitcoin Cash. In my opinion, this is what Bitcoin was designed to be, a peer to peer cash system. Cheap, fast transactions.
That's just how I remember it. This happened maybe 6 years ago. Details may be off here or there.