Re:An analysis of Bitcoin's throughput bottlenecks
by topranks on Thursday May 13, 2021 @02:31AM
(#27139094)
Because Bitcoin works in a way that means miners, collectively, control the network.
They voted with their hash power against Bitcoin Cash when it forked, which was the “increase the limit” fork aiming at low fees and high number of transactions.
They voted with their hash power against Bitcoin Cash when it forked, which was the “increase the limit” fork aiming at low fees and high number of transactions.
Those miners can now enjoy high fees as a result.