Bitcoin Classic Nodes Surge Following Beta 2 Release
Bitcoin Classic has been available for download on its website and by its GitHub source. The popular hard fork proposal coined “Classic” has been gaining some steam since its official announcement a few weeks ago. The plan is to perform a hard fork to a 2 MB block size increase, which Classic developers say is a change demanded by users. Creators and....
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Since its launch, Bitcoin Classic's node count has steadily increased. The latest release of the alternative Bitcoin implementation even topped the charts, with almost 3,000 Bitcoin Classic 0.12 nodes reachable on the network. But a closer look at these statistics reveal some odd details. First, IP-data suggests that many Bitcoin Classic nodes might not really be many Bitcoin Classic nodes at all. Instead, a single node could use multiple IP addresses to spoof total node count. This possibility appears more likely in light of the observation that very few Bitcoin Classic nodes seem to be....
We’ve had a few days to see effects of Bitcoin Classic’s late beta release, and they’re surprisingly powerful. In the past week, Coinbase has adopted Classic, and Bitcoin Classic nodes on the network have jumped from around a hundred to 755 active nodes (as of the time of writing) — nearly 13% of the network, and that number is still climbing. This growth brings the total number of nodes supporting a 2MB block size to a little under 18%. Not enough to make 2MB consensus the majority Bitcoin branch, but sizeable nonetheless. What exactly this growth will result in is unclear, but it may....
The Bitcoin Classic team has announced the release of Bitcoin Classic 1.2 beta on GitHub, a release that will include a whole host of new features like TransFlex, which, according to the announcement, will solve transaction malleability problems. Bitcoin Classic Tackles Transaction Malleability With New Update. While there are other added features, the....
The topic of Bitcoin Nodes is still a cause for many debates on Bitcoin platforms and Reddit these days, as the recent jump in Bitcoin Classic support has people asking a lot of [valid] questions. Although it is positive to see an outspoken support for either Core or Classic, trying to artificially grow the numbers will not do anyone any favors in the long run. A recent report shows how most of the Bitcoin Classic nodes are not hosted on dedicated servers, which is of particular concern.
The battle for supremacy among Bitcoin nodes is still going on, and it looks like the Bitcoin Classic team is gaining a fair bit of ground in recent days. That being said, it is important to distinguish between full nodes and pruned nodes, as routing one single node through a list of IP addresses is throwing off the numbers. Moreover, the number of....