Bitcoin Classic 0.12.0 Paves Way for the Future
Bitcoin Classic version 0.12.0 has been officially launched with features that are compatible with Core version 0.12.0 with both the blockchain files and wallet functionality. This update, building upon Classic version 0.11.2, effectively increases the block size limit from 1 MB to 2 MB as well as provides additional features to improve the health of....
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True sustainability lies in a fundamentally sound money secured by cryptography.
Ethereum Classic started off as what is perhaps best described as a protest movement, opposing a (perceived) bailout of Ethereum’s leaderless investment venture, The DAO. But the brand new cryptocurrency, which is actually the continuation of the pre-hard forked Ethereum chain, has since surprised many. Its currency, classic ether (ETC) has garnered a spot among the top altcoins by market cap, some big names in the cryptocurrency space endorsed the project and more developers are joining the project. To make it official, Ethereum Classic declared its independence from the former Ethereum....
Bitcoin Classic has been a point of controversy since its announcement. Taking on Bitcoin Core head-to-head, Classic proposes an immediate block size increase to 2 MB, with provisions for future increases. The block size debate has always been contentious, apt to erupt into name-calling and mudslinging. But now, with Core facing serious competition from Classic, this scalability issue may soon be forced to come to a head. On February 22, 2015, reports surfaced of bitcoin mining pool Multipool.us opening a pool for Bitcoin Classic. Multipool.us dedicated an entire petahash of mining power....
In the continuing struggle between advocates for Bitcoin core and the hard fork of Bitcoin Classic, some Bitcoin ATM’s have drawn a line in the sand on where they hope the future of the cryptocurrency to go in favor of Bitcoin Classic. In a recent Reddit thread posted on behalf of the Bitcoin ATM company Bitlove, they shared that they were among 5 current Bitcoin ATM companies including Coinucopia, Herocoin, Tobitcoin, Sumbits, and Bitlove which would switch to Bitcoin Classic to support the immediate block size increase. In total, 29 Bitcoin ATM’s across North America have switched to....
Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....