Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack.
Ethereum Classic is on its way to get a hard fork in the next two days.
Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic.
BTCC, a major Chinese Bitcoin exchange, recently launched a new USD-to-Bitcoin exchange. Upon its successful US debut, the company announced its support for Ethereum Classic over ETH.
On July 26, the Ethereum development team completed its hard fork to protect investors against the DAO attack. Almost immediately after the hard fork execution, Ethereum Classic emerged, to maintain the original governance model of Ethereum.
Leading Bitcoin exchanges, including Kraken and Bitfinex, have supported both Ethereum Classic and Ethereum since, considering large market caps of both ETC and ETH.....
Classic ether (ETC) trading volume has now fallen more than 99% from its peak over the summer.
The digital currency, which powers the alternative ethereum blockchain, ethereum classic, came into existence in July amid a stream of enthusiasm. However, data suggests these high hopes have now fallen off.
CoinMarketCap data reveals 24-hour trading volume repeatedly fall below $600,000 today, a figure that represented less than one-half of 1% of its all-time high of $155m reached on 3rd August.
Yet, the tepid trading volume represents a mere glimpse of the low transaction activity....
The digital currency ether classic (ETC) surged more than 30% on 29th December, reaching its highest price in over four months.
ETC, the signature token of smart contract-based platform Ethereum Classic, rose to as much as $1.46 during the session, a 31.5% increase from the currency’s opening price of $1.11, CoinMarketCap data reveals. Ethereum itself grew by as much as 13.7% today.
Ethereum classic also benefited from a sharp increase in transaction activity, as 24-hour trading volume climbed above $7.6m, after falling below $500,000 at some points over the last week.....
The presale for Borg DAO token began on Monday, October 17, and will be followed by a 30-day crowdsale starting on Friday, October 28.
The company, Austrian development group Livant Labs, targets to raise $2mln in a crowdsale to create new DApps on the Ethereum Classic.
The lingering controversy.
The controversy between Ethereum(ETH) and Ethereum Classic (ETC) continues to linger as different factions within the community continue developing their diverse procedures.
Andreas Schuetz, CEO of Livant Labs says:
“A number of DApp developers have declared their intention to limit....