According to Bloomberg, Bitcoin can split again. Miners and developers adhere to different scenarios for scaling the fast-growing market, so it's likely they will create the third fork of Bitcoin.
Several major industry players, including the well-known crypto currency investor Roger Ver, believe that a consensus between the antagonistic parts is unlikely to be achieved. This opinion was supported by several large mining pools and programmers among the developers of Bitcoin Core.
Over the past few weeks, Bitcoin has been split into two versions - the original version and Bitcoin Cash (BCC). Roger Ver transfers some of the funds to a new fork, because he believes that BCC will be divided into two more crypto-currencies before the end of the year. Since more coins will be created, one can win from such a division, the expert believes.
The subject of the dispute and the cause of Bitcoin separation is the size of the "block" - the package in which the Bitcoin transactions are collected before they get added to the decentralized ledger, i.e. blockchain, which contains the payment history of all the Bitcoins in circulation.
Satoshi Nakamoto, the creator of the crypto-currency protocol, limited the block size to one megabyte, which means that the system can process only seven transactions per second. Payment systems like Visa can process thousands of transactions at the same time. Having a steady growth in demand, the system, nevertheless, began to slow down the pace: users have to offer the miners a fee of several dollars each time in order to speed up their transactions.
The solution to this problem would be to make the blocks larger, but this will require more effort to generate coins - only industrial mining pools can benefit from this. Currently, one group of market participants insists on updating the network in November. If the upgrade will not involve everybody, two ledgers will be formed: the original one (legacy) and the ledger formed as a result of the fork.
Prior to the fork, both ledgers are identical. That is, they share a common history of transactions. But after the split, as new blocks appear, these ledgers have different transactions and, accordingly, account balances.
In general, each of the pro and contra sides has its own arguments. However, both sides share a common excitement about the fact that another split is coming.