Bitcoin is voting on creating a new fork

The Bitcoin community is voting to create a new fork to increase the block size (greater than 1MB) by running mining software called Bitcoin XT.

Bitcoin XT is no different from the current Bitcoin Core mining software, but when 75% of the nodes run XT, a branch will be officially created, the Bitcoin block capacity will increase, Bitcoin Core will not accept Bitcoin mined by XT nodes, and two blockchains will appear on the Bitcoin network.

The purpose of increasing block capacity is to speed up transaction processing and meet future growth needs, because under the current limit of 1MB per block, the Bitcoin network can only process three transactions per second.

According to XTnodes, there are currently 457 nodes running XT, accounting for 7% of the total number of nodes, and the number of Bitcoin nodes is 6,054, accounting for 93%.