Bitcoin Classic (BXC) was launched to address Bitcoin's scalability challenges by proposing to increase the block size from 1 MB to 2 MB. The goal was to process more transactions per block, enhancing speed and efficiency. However, it failed to gain sufficient consensus and ceased operations in 2017. Subsequently, the project re-emerged, shifting its model to a BEP-20 token on the Binance Smart Chain, indicating a pivot from its initial blockchain-based structure to a token system within the Ethereum ecosystem. This transition aimed to support smart contracts and decentralized applications, extending its functionality beyond simple transaction processing.
