Categories: CryptoNews

Samson Mow: “Bitcoin Classic Supporters Are Pretty Much Irrelevant Now”

With the recent release of the new Bitcoin Core client, mining pools will have to start switching over to the latest version at some point. BTCC, one of the largest Chinese mining pools, will be doing exactly that, as the process will take approximately two weeks to complete.

Also read: Ethereum Technical Analysis 04/16/2016 – Potential Reversal Pattern

BTCC Prepares For Bitcoin Core 0.12.1

Although it is doubtful this move will decide the “battle” between Bitcoin Core and Bitcoin Classic, BTCC clearly shows they will be sticking with Bitcoin Core no matter what. It is good to see mining pools clearly define their intentions for the coming period, though, as it removes a lot of unnecessary doubt and friction within the Bitcoin community.

As a result of the latest Bitcoin Core release, BTCC will be upgrading all of their servers to the latest version in the coming two weeks. What makes this release, so significant is the first soft fork towards increasing the Bitcoin block size in the coming months, as this change has been coming for quite some time now.

It is still important for people to keep in mind this new Bitcoin Core release will not settle the block size debate once and for real, as Segregated Witness is only being tested in its current iteration. There is no word on whether or not this will be the final version of this proposal either, but it seems safe to assume some tweaks will be coming over the coming weeks and months.

Related Post

Moreover, there is no denying BTCC’s Samson Mow has never been a fan of the whole Bitcoin Classic ordeal. However, that does not mean he should try to ridicule that concept by any means, even though he did jab at Bitcoin Classic supporters in a very recent tweet. Everyone is entitled to their opinion, but there is no need for unnecessary blows below the belt.

The Bitcoin Core vs. Bitcoin Classic debate has been cause for a fair bit of friction among the community. Although most mining pools stuck with Bitcoin Core without even bothering to see what individual miners thought about the proposals, it seems the chance of success for Bitcoin Classic is diminishing at every turn. But the story is far from over, and the implementation of Segregated Witness will determine whether Bitcoin Core stands or falls in the coming months.

Source: Twitter

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Recent Posts

The Calculated Collapse of $TG: How a “Utility” Token Was Engineered for a Rug Pull

In the unpredictable world of cryptocurrency, new tokens launch daily, each one a shining beacon…

1 day ago

Staked Ethereum Hits Record High as Whale Accumulation Signals Bullish Long-Term Sentiment

Once more, Ethereum is commanding the spotlight as fresh figures indicate that the amount of…

1 day ago

Arbitrum Sees Surge in Protocol Revenue and EIP-7702 Adoption Following ArbOS 40 Upgrade

The ecosystem on Arbitrum keeps flaunting its robust foundations, with a steady incline in the…

1 day ago

Ethereum Whale Accumulation Surges as Long-Term Confidence Outweighs Short-Term Volatility

Once again, major market players are focusing on Ethereum. The whale activity surrounding the second-largest…

4 days ago

Week in AI: Fartcoin Steals the Spotlight Amid Market Turmoil

It has been a tumultuous week for the artificial intelligence sector in crypto. Sharp valuation…

5 days ago

BSC Foundation Resumes Strategic Accumulation: VIXBT, CAKE, LISTA, and MOOLAH Under Spotlight

Following a brief stint of dormancy, the BSC Foundation is back in action, reestablishing its strategic…

7 days ago