Despite being around for nearly a decade, the world has just recently woken up fully to the different possibilities that bitcoin and the “blockchain” technology underlying it has to offer. More and more individuals and organizations are exploring ways that these may be used for more practical purposes than just transferring funds around.One of the raging debates is about increasing the block size from 1 MB. A main problem that critics of the move cite is that raising the block size can lead to concentrating computing power with large miners and this goes against the decentralization theme that is central to the Bitcoin concept. On the other hand, slower transactions could wean users, thus hurting the progress of the industry.