here is a lot of confusion on “what is going to happen on August 1st?”. Just to clarify, it is not yet confirmed that Bitcoin will split in two on 1st August. There are series of events that will finally decide the fork.Bitcoin network is designed in such a way that it caps the amount of information on its network, meaning the information in each block in blockchain. This was proposed initially to protect it from cyber attacks. Hence, there is a restricted amount of transactions it can process which we call as Block Size Limit.