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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: crypto
GRATIS 650.000 COIN BITCOIN CLASSIC . SEGERA DAFTAR
GRATIS 650.000 COIN BITCOIN CLASSIC . SEGERA DAFTAR
Published: 2018/07/14
Channel: cryptoiz
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 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 - 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.
Bitcoin Classic Ends and Supports Bitcoin Cash - Bitcoin News
Bitcoin Classic Ends and Supports Bitcoin Cash - Bitcoin News
Published: 2017/11/10
Channel: GottaMinute
What is Bitcoin Classic?
What is Bitcoin Classic?
Published: 2016/01/19
Channel: Chronos Crypto
First
First 'Bitcoin Classic' Nodes Launched -- What Does This Mean?
Published: 2016/01/18
Channel: Amanda B. Johnson
Keiser Report: Bitcoin Core versus Bitcoin Classic (E912)
Keiser Report: Bitcoin Core versus Bitcoin Classic (E912)
Published: 2016/05/10
Channel: RT
Bitcoin classic
Bitcoin classic
Published: 2016/01/19
Channel: Manc Coin
'Bitcoin Classic' Mines First Block, Doubles Node Count to 1000
Published: 2016/02/15
Channel: Amanda B. Johnson
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
Olivier Janssens - Blocksize and Scaling Debate - Bitcoin Classic, Bitcoin Unlimited
Olivier Janssens - Blocksize and Scaling Debate - Bitcoin Classic, Bitcoin Unlimited
Published: 2017/03/28
Channel: WhalePool
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
Bitcoin Classic Shuts Down
Bitcoin Classic Shuts Down
Published: 2017/11/10
Channel: Crypto Mentor99
Bitcoin classic!!  Lcc Plz subscribe my channel 8010550361 Plz subscribe my channel
Bitcoin classic!! Lcc Plz subscribe my channel 8010550361 Plz subscribe my channel
Published: 2017/10/04
Channel: MLM guru
Bitcoin Technical Analysis 25th Of April - Classic FOMO Slaughter.
Bitcoin Technical Analysis 25th Of April - Classic FOMO Slaughter.
Published: 2018/04/25
Channel: A P
Bitclub Network   Ethereum Monero ZCash Bitcoin Classic   Sunny Decree
Bitclub Network Ethereum Monero ZCash Bitcoin Classic Sunny Decree
Published: 2018/03/30
Channel: BitClub Network Official page partner's
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 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
EP 148- WHAT’S WRONG WITH IT- BITCOIN CLASSIC, BITCOIN XT, BITCOIN UNLIMITED ALL The Downsize PT 2
EP 148- WHAT’S WRONG WITH IT- BITCOIN CLASSIC, BITCOIN XT, BITCOIN UNLIMITED ALL The Downsize PT 2
Published: 2017/07/31
Channel: Musings Of A Shibe Podcast
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
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
Ethereum Classic on Coinbase! 🎉2018 Cryptocurrency Bitcoin BTC USD News Live 2018
Ethereum Classic on Coinbase! 🎉2018 Cryptocurrency Bitcoin BTC USD News Live 2018
Published: 2018/08/17
Channel: Free Crypto Market News- Live BTC Analysis Today
V Classic Bitcoin
V Classic Bitcoin
Published: 2017/11/13
Channel: VCLAASIC CRYPTO TRADDING
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
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
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
Brute-force your Bitcoin wallet - part 2 - btcrecover on Multibit classic - Password found
Brute-force your Bitcoin wallet - part 2 - btcrecover on Multibit classic - Password found
Published: 2017/10/18
Channel: Bitcoin Daytrader
This Chart Says Bitcoin Will Bounce! - Ethereum Classic On Coinbase!!
This Chart Says Bitcoin Will Bounce! - Ethereum Classic On Coinbase!!
Published: 2018/08/07
Channel: Crypto Jebb
Tom Zander - Bitcoin Classic is Back & Flexible Transactions
Tom Zander - Bitcoin Classic is Back & Flexible Transactions
Published: 2016/12/01
Channel: OnChain Scaling
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 Recovery To 7k? | Eth Classic Days Away Coinbase! | Chico Crypto Live | $NEO $HLI $ICX $ACT
Bitcoin Recovery To 7k? | Eth Classic Days Away Coinbase! | Chico Crypto Live | $NEO $HLI $ICX $ACT
Published: 2018/06/21
Channel: Chico Crypto
Прогноз курса криптовалют Bitcoin Cash, Dash, Ethereum Classic. Будет ли рост
Прогноз курса криптовалют Bitcoin Cash, Dash, Ethereum Classic. Будет ли рост
Published: 2018/09/19
Channel: Крипточейн
Ethereum Classic Price Prediction 2018 [Bitcoin News Today]
Ethereum Classic Price Prediction 2018 [Bitcoin News Today]
Published: 2018/08/17
Channel: Bitcoin James
Bitcoin Classic & Ethereum - Soluções e Futuro!
Bitcoin Classic & Ethereum - Soluções e Futuro!
Published: 2016/01/29
Channel: BitcoinBR
The Bitcoin Classics - Derrick Bournier
The Bitcoin Classics - Derrick Bournier's Greatest Hits | ForkU
Published: 2018/06/20
Channel: ForkU
GIVEAWAY 1 ETHEREUM CLASSIC + VOUCHER VIP BITCOIN 50.000,- | THANKS YA SEMUA !!
GIVEAWAY 1 ETHEREUM CLASSIC + VOUCHER VIP BITCOIN 50.000,- | THANKS YA SEMUA !!
Published: 2018/01/08
Channel: Dhamma Hadi
BİTCOİN,ETHEREUM,EHTEREUM CLASSIC, ÜRETİMİ MADENCİLİĞİ
BİTCOİN,ETHEREUM,EHTEREUM CLASSIC, ÜRETİMİ MADENCİLİĞİ
Published: 2018/01/16
Channel: Kurtuluş Kurt
Bitcoin Cash BCH superará al Bitcoin BTC en Mayo??
Bitcoin Cash BCH superará al Bitcoin BTC en Mayo??
Published: 2018/03/26
Channel: Bitcoin Lab
Bloody Charts Bitcoin, Stratis,Xrp,Tron,Ethereum,Cardano,Ethereum Classic,Wabi and More
Bloody Charts Bitcoin, Stratis,Xrp,Tron,Ethereum,Cardano,Ethereum Classic,Wabi and More
Published: 2018/01/17
Channel: Chase That Coin
World
World's Strongest Hashing Power, F2Pool, Lets Bitcoin Miners 'Vote' on Classic
Published: 2016/02/25
Channel: Amanda B. Johnson
Altcoin Mania/Bitcoin Gold, Qtum, Ripple, Ethereum Classic SOAR!!
Altcoin Mania/Bitcoin Gold, Qtum, Ripple, Ethereum Classic SOAR!!
Published: 2018/02/09
Channel: CURRENCY365
Bitcoin Falls To $6600 - Coinbase To Add Ethereum Classic ETC (Cryptocurrency news)
Bitcoin Falls To $6600 - Coinbase To Add Ethereum Classic ETC (Cryptocurrency news)
Published: 2018/06/13
Channel: Legit Crypto
EXODUS WALLET МУЛЬТИВАЛЮТНЫЙ КОШЕЛЕК КРИПТОВАЛЮТ 18 ШТ: BITCOIN ETHEREUM CLASSIC DASH LITECOIN EOS
EXODUS WALLET МУЛЬТИВАЛЮТНЫЙ КОШЕЛЕК КРИПТОВАЛЮТ 18 ШТ: BITCOIN ETHEREUM CLASSIC DASH LITECOIN EOS
Published: 2017/12/23
Channel: Компас Инвестиций. Елисеев Михаил
This week in Bitcoin- 3-30-2018- Lightning Network, bear market, Ethereum Classic
This week in Bitcoin- 3-30-2018- Lightning Network, bear market, Ethereum Classic
Published: 2018/03/30
Channel: BitcoinMeister
إثيرتوم كلاسك ايردروب، بيتكوين برايفت فورك -Ethereum Classic & Calisto Airdrop, Bitcoin Private Fork
إثيرتوم كلاسك ايردروب، بيتكوين برايفت فورك -Ethereum Classic & Calisto Airdrop, Bitcoin Private Fork
Published: 2018/02/15
Channel: Crypto Middle East
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
Ethereum Classic a la luna!!, bitcoin cae, Vechain y Ontology se hunden
Ethereum Classic a la luna!!, bitcoin cae, Vechain y Ontology se hunden
Published: 2018/08/04
Channel: Inversionistas Elite
Ripple — заслуженная победа. Bitcoin, BitcoinCash, Litecoin, Ethereum, Ethereum Classic, Siacoin
Ripple — заслуженная победа. Bitcoin, BitcoinCash, Litecoin, Ethereum, Ethereum Classic, Siacoin
Published: 2017/12/29
Channel: TSI Analytics
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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; 20 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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