Bitcoin Classic is discontinued: these are the reasons

in #bitcoin6 years ago

bitcoin classic is shutting down
The Bitcoin Classic makers are discontinuing their project and advising users to support Bitcoin Cash in the future. For Bitcoin, however, they see no future.

Bitcoin Classic is "closed."

Bitcoin Classic split in 2016 from the reference implementation of the cryptocurrency. For Bitcoin Classic, the block size limit has been increased from one to two megabytes, doubling the number of transactions per second. The makers thought this was necessary because the limited block size made the use of Bitcoin as a real means of payment less and less useful.

The same controversy led to the creation on 1 August 2017 of Bitcoin Cash, another fork in which the block limit is eight megabytes. Now Tom Zander, the release manager of the Classic project, has announced that the project will be discontinued. His argument: With Bitcoin Cash, the goals of Classic have been achieved.

On the other hand, Zander does not have much to say about Bitcoin. With the Segwit2x update drowning due to lack of support, it is clear that the people controlling Bitcoin prefer to "go down with their ship" rather than tackling the scaling issues. In fact, Zander believes that Bitcoin Cash could become the dominant Bitcoin fork in just half a year.

Bitcoin Classic: Users should switch to alternatives as quickly as possible

If you use the Bitcoin Classic software, you should switch to an alternative as soon as possible. According to the project team, the current software version of the main chain will not follow in a few days or weeks.

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