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Bitcoin classic बना देगा आपको 6 करोड 45 लाख का मालिक Best opportunity
Bitcoin classic बना देगा आपको 6 करोड 45 लाख का मालिक Best opportunity
Published: 2018/01/03
Channel: Technical Rambali
Bitcoin Classic Closing Down! | "In 6 Months We
Bitcoin Classic Closing Down! | "In 6 Months We'll Drop 'Cash' And Call It Bitcoin" - Tom Zander
Published: 2017/11/10
Channel: tplusd
Bitcoin Classic Shuts Down! Staff Claim Bitcoin Cash Will Rule ‘In 6 Months’
Bitcoin Classic Shuts Down! Staff Claim Bitcoin Cash Will Rule ‘In 6 Months’
Published: 2017/11/10
Channel: Ash Vecchio
Bitcoin Classic Ends and Supports Bitcoin Cash - Bitcoin News
Bitcoin Classic Ends and Supports Bitcoin Cash - Bitcoin News
Published: 2017/11/10
Channel: GottaMinute
First
First 'Bitcoin Classic' Nodes Launched -- What Does This Mean?
Published: 2016/01/18
Channel: Amanda B. Johnson
What is Bitcoin Classic?
What is Bitcoin Classic?
Published: 2016/01/19
Channel: Chronos Crypto
Bitcoin Classic - Setting Up a Full Node and Import Private Key from Exodus Wallet
Bitcoin Classic - Setting Up a Full Node and Import Private Key from Exodus Wallet
Published: 2017/07/29
Channel: Ronald Coe, Jr.
Keiser Report: Bitcoin Core versus Bitcoin Classic (E912)
Keiser Report: Bitcoin Core versus Bitcoin Classic (E912)
Published: 2016/05/10
Channel: RT
Bitcoin Classic Shuts Down As Staff Claim Bitcoin Cash Will Rule ‘In 6 Months’
Bitcoin Classic Shuts Down As Staff Claim Bitcoin Cash Will Rule ‘In 6 Months’
Published: 2017/11/13
Channel: Sajid Ali
Olivier Janssens talks Bitcoin Classic, blockchain forks, and more! 3-28-2017
Olivier Janssens talks Bitcoin Classic, blockchain forks, and more! 3-28-2017
Published: 2017/03/28
Channel: BitcoinMeister
Olivier Janssens talks Bitcoin Classic, blockchain forks, and more! 3-28-2017
Olivier Janssens talks Bitcoin Classic, blockchain forks, and more! 3-28-2017
Published: 2017/09/15
Channel: Winston Anderson
Bitcoin Classic Dead!!! What’s it mean??
Bitcoin Classic Dead!!! What’s it mean??
Published: 2017/11/10
Channel: Marc Kahn
Tom Zander - Bitcoin Classic is Back & Flexible Transactions
Tom Zander - Bitcoin Classic is Back & Flexible Transactions
Published: 2016/12/01
Channel: OnChain Scaling
GRATIS 650.000 COIN BITCOIN CLASSIC . SEGERA DAFTAR
GRATIS 650.000 COIN BITCOIN CLASSIC . SEGERA DAFTAR
Published: 2018/07/14
Channel: cryptoiz
500+ Bitcoin Classic Nodes: The Fork That Finally Could?
500+ Bitcoin Classic Nodes: The Fork That Finally Could?
Published: 2016/02/08
Channel: Amanda B. Johnson
Bitcoin Classic Closing no worries Bitcoin(BTC) Remains The KING
Bitcoin Classic Closing no worries Bitcoin(BTC) Remains The KING
Published: 2017/11/10
Channel: Learn to Earn
Bitcoin Classic Shuts Down As Staff Claim Bitcoin Cash Will Rule ‘In 6 Months’
Bitcoin Classic Shuts Down As Staff Claim Bitcoin Cash Will Rule ‘In 6 Months’
Published: 2018/05/26
Channel: CoinKorea
Follow the SMART MONEY! BITCOIN, ZCASH, MANA, ETH CLASSIC Technical Trading Analysis
Follow the SMART MONEY! BITCOIN, ZCASH, MANA, ETH CLASSIC Technical Trading Analysis
Published: 2018/07/20
Channel: Altcoin Buzz
Bitcoin Classic Crashing for Miners
Bitcoin Classic Crashing for Miners
Published: 2017/08/21
Channel: jerry french
'Bitcoin Classic' Mines First Block, Doubles Node Count to 1000
Published: 2016/02/15
Channel: Amanda B. Johnson
Bitcoin: Classic Bottom (CB), April 26th, 2018
Bitcoin: Classic Bottom (CB), April 26th, 2018
Published: 2018/04/27
Channel: SpaceGateX
Fintech Podcast: Episode 141 - Bitcoin Classic vs. Bitcoin Cash - The Fork Ahead.
Fintech Podcast: Episode 141 - Bitcoin Classic vs. Bitcoin Cash - The Fork Ahead.
Published: 2017/07/30
Channel: Around The Coin
Bitcoin classic
Bitcoin classic
Published: 2016/01/19
Channel: Manc Coin
CARA MUDAH MENDAPATKAN BITCOIN GRATIS DARI AIRDROP INI. FREE 650.000 BITCOIN CLASSIC
CARA MUDAH MENDAPATKAN BITCOIN GRATIS DARI AIRDROP INI. FREE 650.000 BITCOIN CLASSIC
Published: 2018/07/15
Channel: Agoes Djibril
Bitcoin Classic friendly fork idea, Decred & governance, senders determine the BTC transaction fee
Bitcoin Classic friendly fork idea, Decred & governance, senders determine the BTC transaction fee
Published: 2017/03/27
Channel: BitcoinMeister
BTC IS ABOUT SKYROCKET ACCORDING TO THIS ALTCOIN | BITCOIN CRYPTOCURRENCY PRICE PREDICTION
BTC IS ABOUT SKYROCKET ACCORDING TO THIS ALTCOIN | BITCOIN CRYPTOCURRENCY PRICE PREDICTION
Published: 2018/07/15
Channel: Forflies
Bitcoin Classic Shuts Down
Bitcoin Classic Shuts Down
Published: 2017/11/10
Channel: Crypto Mentor99
3 Reasons why Altcoins will EXPLODE in 2018!!! 💥 [Cryptocurrency, Bitcoin News]
3 Reasons why Altcoins will EXPLODE in 2018!!! 💥 [Cryptocurrency, Bitcoin News]
Published: 2018/07/20
Channel: Altcoin Daily
Bitcoin Cash vs Bitcoin CLASSIC!!! PRICE PREDICTION!
Bitcoin Cash vs Bitcoin CLASSIC!!! PRICE PREDICTION!
Published: 2017/11/11
Channel: Crypto News
Bitcoin Core, Bitcoin Classic y Bitcoin Unlimited. DIFERENCIAS Y PROPUESTAS de cada uno.
Bitcoin Core, Bitcoin Classic y Bitcoin Unlimited. DIFERENCIAS Y PROPUESTAS de cada uno.
Published: 2017/02/20
Channel: Bitcoin Criptomonedas
New update - What is bitcoin classic and Closing its doors.
New update - What is bitcoin classic and Closing its doors.
Published: 2017/11/11
Channel: Earn Bitcoin
Будет ли большой слив биткоина = Завершение проекта Bitcoin Classic
Будет ли большой слив биткоина = Завершение проекта Bitcoin Classic
Published: 2017/11/10
Channel: Светлана Альтова
Bitclub Network | Ethereum Monero ZCash Bitcoin Classic | Sunny Decree
Bitclub Network | Ethereum Monero ZCash Bitcoin Classic | Sunny Decree
Published: 2018/03/12
Channel: Bitclub Network Review
bitcoin classic
bitcoin classic
Published: 2018/05/24
Channel: Sergey Kuprik
Bitcoin Cash Made it, and will out preform bitcoin classic
Bitcoin Cash Made it, and will out preform bitcoin classic
Published: 2017/08/03
Channel: jerry french
Bitcoin Core Bitcoin Classic y Bitcoin Unlimited DIFERENCIAS Y PROPUESTAS de cada uno
Bitcoin Core Bitcoin Classic y Bitcoin Unlimited DIFERENCIAS Y PROPUESTAS de cada uno
Published: 2018/03/31
Channel: Bitcoin Investment
Tom Zander - Bitcoin Classic is Back & Flexible Transactions
Tom Zander - Bitcoin Classic is Back & Flexible Transactions
Published: 2018/01/06
Channel: Jason Knowles
Ethereum Classic ждет хардфорк! Анализ цены Bitcoin и Ethereum! Уоррен Баффет: Биткоин это яд!
Ethereum Classic ждет хардфорк! Анализ цены Bitcoin и Ethereum! Уоррен Баффет: Биткоин это яд!
Published: 2018/05/07
Channel: PRO BLOCKCHAIN
bitcoin classic
bitcoin classic
Published: 2016/06/20
Channel: Злата Филиппова
Bitcoin 11K Resistance, DGD Top of Crypto Gainers, Ethereum Classic (ETC) Hard Fork Callisto
Bitcoin 11K Resistance, DGD Top of Crypto Gainers, Ethereum Classic (ETC) Hard Fork Callisto
Published: 2018/03/01
Channel: Vin Ferretti
BİTCOİN,ETHEREUM,EHTEREUM CLASSIC, ÜRETİMİ MADENCİLİĞİ
BİTCOİN,ETHEREUM,EHTEREUM CLASSIC, ÜRETİMİ MADENCİLİĞİ
Published: 2018/01/16
Channel: Kurtuluş Kurt
Bitcoin ve Ethereum Classic Teknik Analiz
Bitcoin ve Ethereum Classic Teknik Analiz
Published: 2018/02/15
Channel: kriptonuri
Bitcoin Classic Closing Down! | "In 6 Months We
Bitcoin Classic Closing Down! | "In 6 Months We'll Drop 'Cash' And Call It Bitcoin" - Tom Zander
Published: 2018/01/06
Channel: Best Pokemon Staffel 4
Map update/Bitcoin classic hard fork split announcement
Map update/Bitcoin classic hard fork split announcement
Published: 2017/03/27
Channel: EYES OPEN MEDIA
Ждем 5000 для Bitcoin. Обзор Bitcoin BTC, Ethereum ETH, Ethereum Classic ETC, EOS, Binance Coin BNB
Ждем 5000 для Bitcoin. Обзор Bitcoin BTC, Ethereum ETH, Ethereum Classic ETC, EOS, Binance Coin BNB
Published: 2018/07/11
Channel: Сообщество Онлайн Инвесторов iTuber
Crypto News: 12 June 2018 Bitcoin Manipulation/ETF
Crypto News: 12 June 2018 Bitcoin Manipulation/ETF's/Eth Classic
Published: 2018/06/12
Channel: Crypto Galaxy X
Notícias Análise 06/04: India Suspende Bitcoin - Hard Fork Monero Classic - Bitcoin Cash Blocos 32mb
Notícias Análise 06/04: India Suspende Bitcoin - Hard Fork Monero Classic - Bitcoin Cash Blocos 32mb
Published: 2018/04/06
Channel: É TopSaber Bitcoin
Bitcoin classic y su hoja de ruta para 2016
Bitcoin classic y su hoja de ruta para 2016
Published: 2016/03/04
Channel: LasCriptoMonedas.Net
Новости криптовалют. Харфорк Etherium Classic. Super Bitcoin. Асики от Bitman официально
Новости криптовалют. Харфорк Etherium Classic. Super Bitcoin. Асики от Bitman официально
Published: 2017/11/29
Channel: Илья Огневой
Litecoin and Ethereum Classic Mooning - Bitcoin Conference This Weekend!
Litecoin and Ethereum Classic Mooning - Bitcoin Conference This Weekend!
Published: 2018/02/14
Channel: Crypto Clay
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WIKIPEDIA ARTICLE

From Wikipedia, the free encyclopedia
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Bitcoin Classic
Bitcoin logo.svg
Initial release 10 February 2016; 2 years ago (2016-02-10)
Stable release
1.2.0 / 5 January 2017; 17 months ago (2017-01-05)
Repository github.com/bitcoinclassic
Written in C++,Qt
Operating system Linux, Windows, OS X
Type Cryptocurrencies
License MIT License, GPL
Website bitcoinclassic.com

Bitcoin Classic was one of several forks of the Bitcoin reference implementation Bitcoin Core aiming to increase the transaction processing capacity of Bitcoin by increasing the block size limit.[1] Blocks, which contain transaction data, form the basic structure of the immutable blockchain. Bitcoin Classic started out as similar to, though less aggressive than, the Bitcoin XT fork, which never managed to get the support it needed. Bitcoin Classic in its first 8 months promoted a single increase of the maximum block size from one megabyte to two megabytes.[2][3] In November 2016 this changed and the project moved to a solution that moved the limit out of the software rules into the hands of the miners and nodes.[4]

Bitcoin Classic was also an attempt to move the technical governance of this decentralized and independent Bitcoin project from the developers of the original Bitcoin to a voting process involving a larger community of miners, businesses, developers and users.[5] There was no formal activation method for the software, but due to the nature of Bitcoin a supermajority needed to support it.

On November 10, 2017, Bitcoin Classic ceased operation, declaring that Bitcoin Cash is now the only hope for bitcoin to become scalable.[6]

Blockchain bottleneck[edit]

In Bitcoin, transactions are collected into blocks, and each block is produced by the bitcoin network on average every ten minutes. With Bitcoin's current limit of one megabyte, this capacity translates to an estimated average of three transactions per second. With Bitcoin Classic's proposed doubling of the block size limit to two megabytes, the maximum transaction rate would also roughly double.[7] If deployed, Bitcoin Classic would render current Bitcoin software obsolete, as it changes protocol parameters, namely increasing the maximum block size from one megabyte to two megabytes.[8][9] Most implementations of Bitcoin software would require small modifications to the block size limit in order to continue to work.

Reception[edit]

Bitcoin Classic had received support from some Bitcoin companies, developers, investors and miners, such as Coinbase, Bitstamp, Circle, Jeff Garzik, Roger Ver and Gavin Andresen.[10] The Wall Street Journal said "Bitcoin Classic has emerged from the ashes of the XT versus Core debate. It is a version of Bitcoin that would allow for a two-megabyte limit. It appears to be quickly winning support." [2] However a hard fork was not seen as an urgent issue by the wider bitcoin community.[7] Opponents argued that increased size of blocks will lead to increased system resource requirements for operating a full node, which in turn will lead to increased centralization.[11] The software's peak use was observed in early 2016 with a steady decline in usage from March 2016 onwards.[12]

Termination[edit]

On November 10, 2017, in the wake of the failure of plans for the hard fork to double the bitcoin block size, Bitcoin Classic ceased operation, declaring that Bitcoin Cash is now the only hope for bitcoin to become scalable.[6]

See also[edit]

References[edit]

  1. ^ "Picking the perfect Blocksize". Retrieved April 28, 2017. 
  2. ^ a b Paul Vigna (17 January 2016). "Is Bitcoin Breaking Up?". WSJ. 
  3. ^ "Making Sense of Bitcoin's Divisive Block Size Debate". CoinDesk. 
  4. ^ "Classic is Back". Retrieved April 28, 2017. 
  5. ^ Aaron van Wirdum. "Unlimited, Classic and 'BitPay Core': Bitcoin's New Kids on the Blockchain". Bitcoin Magazine. 
  6. ^ a b O'Leary, Rachel Rose (10 November 2017). "Bitcoin Classic to Cease Code Support In Wake of 2x Suspension". CoinDesk. Retrieved 10 November 2017. 
  7. ^ a b "BitFury Announces Support for Bitcoin Classic". NEWSBTC. Retrieved 9 January 2017. 
  8. ^ "Bitcoin Classic". 
  9. ^ "Capacity increases FAQ". 
  10. ^ "BitFury Comes Out In Support of Bitcoin Classic - EconoTimes". EconoTimes. 
  11. ^ Kyle Torpey (Mar 4, 2016). "Four Key Disagreements Between Bitcoin Classic and Bitcoin Core". Bitcoin Magazine. Retrieved 19 July 2017. 
  12. ^ "Bitcoin Classic Nodes". coin.dance. Retrieved 9 January 2017. 

External links[edit]

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