The team behind Bitcoin Classic has now released code that could be set to increase the Bitcoin block size to 2MB capacity. The current code version of Bitcoin is based on Bitcoin Core with a block size of 1MB. Recently there was a push to adopt Bitcoin XT which subsequently failed and triggered Bitcoin prices to fall.
This forking of the Bitcoin code looks set to become widely adopted, with initial reports suggesting the number of nodes running the new code is increasing. Support is expected from miners as more and more make the switch to the new code. Gavin Andresen, the chief scientist at the Bitcoin Foundation has been the driving force behind the adoption, with the resignation of Mike Hearn last month from the core development team.