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Bitcoin Classic Shuts Down .........Good News for Bitcoin Cash

Image result for Bitcoin Cash logo / coin


A proposed fork from the Bitcoin ecosystem Bitcoin Classic, which started last year has finally rested the development effort without saying exactly why it is now all over for the initiative.  They however predicted that Bitcoin Cash BCH will replace bitcoin as the core in 2018.

In an official statement Thursday, release manager Tom Zander praised BCH and said its validity meant that Bitcoin Classic had “fulfilled its promise.”

“It is now up to you which chain will gain the most traction. It is now up to the next billion people to start to use Bitcoin Cash. In at most six months I'm sure we'll just drop the ‘Cash’ and call it ‘Bitcoin,’” he stated.

BCH shot up in price over 35 percent in anticipation of a new hard fork set for Nov. 13, reaching its highest value almost since it debuted.

In the aftermath of SegWit2x’s apparent failure, funds appear to be flowing into the rival Bitcoin fork as investors hedge bets over a duplicate chain appearing.

“The fact that the Legacy chain is stuck at 1 MB, and likely always will be, confirms the Cash chain's viability. Now the market will decide,” Zander added.


FIRE:  Bitcoin is more resilient than all these. Though the miners are turning to BCH, its a matter of time.

FIRE...

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