What is Bitcoin Classic?

Bitcoin Classic was a proposed hard fork from Bitcoin Core that planned to increase Bitcoin’s block sizes from 1MB to 2MB to help the network scale. Although it failed to take off and gather support from the Bitcoin developer community, the proposal, along with Bitcoin XT, set the groundwork for Bitcoin Cash which eventually launched in 2017 with increased block sizes.

Block sizes relate to how many transactions are processed on each block on Bitcoin’s ledger. However, Bitcoin developers instead introduced SegWitt, which made blocks more efficient to meet increasing demand as the network grew.