The Bitcoin Classic team has announced the closure of the project. The decision was caused by the appearance of another bitcoin fork Bitcoin Cash and low demand for scaling solutions within the community.
Bitcoin Classic was a hard fork project that offered an alternative vision of the scaling problem, opposing to the implementation of the Lightning Network solution instead of supporting the block size limit increase. Bitcoin Classic team called for the immediate increase of the block size limit from 1 MB to 2 MB and to 4 MB within the next two years after the activation of the hard fork. But the project ideas did not meet the broad support from the bitcoin community.
The letter, signed by developer Tom Zander and published on the Bitcoin Classic website, says: […]