Christoph Jentzsch

They could not give any money in there anymore.

This is actually why not many people got in.

It was only a couple of hundred people who managed to send Ether to the contract in order to buy BAT tokens.

Do you mean the solution between Bitcoin and Ethereum?

To make it short and easy, so basically the problem is public blockchains do not scale, meaning you have only a limited amount of transactions which get in currently.

And in Bitcoin, it's the definition in the protocol that one block can only be one megabyte.

And so currently, most of the blocks are full with transactions.

As a result, the fee to get a transaction in get higher and higher and higher.

We say it's filled up every time.

And there's one guy deciding if you can get something in or not, and he makes the price.

That's the miner.

And he said because there's so high demand and the supply is constant, you just increase the price.

And there's a group of people who, there's different ways of how to improve this.

To say just let's allow for two megabyte blocks.

Or there's also something called SegWit, which would allow for state channels.

And I don't want to go into the technical details, but there are,

technical improvements you can make, and they are basically right now discussing how you could do them, but all of them need a protocol upgrade.

But if you change the protocol, there are people who keep the old protocol, then you have two groups.

Exactly.

Yeah.