What the Experts Tweeted about the Ethereum Hard Fork, Ethereum Classic

What the Experts Tweeted about the Ethereum Hard Fork, Ethereum Classic

In the wake of a $55 million dollar compromise of the DAO, a distributed fund created to fund Ethereum projects, a desperate debate regarding how to rectify the issue came to fruition. The issue at hand was Ethereum’s future change to a proof of stake protocol, whereby the hacker – should he have kept his bounty – would inherit considerable influence for Ethereum. In order to avoid this, the Ethereum team adopted the hard fork policy. All reports from Ethereum posits the hard fork a success. There has been criticism, as many people fear that a blockchain via democratic measures is no....


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Ethereum Classic to Get a Hard Fork of Its Own

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The Ethereum Hard-Fork has been a highly divisive event on the cryptocurrency landscape. The hard fork, along with a rescue soft-fork in the weeks prior, has been a godsend to those who invested in The DAO, a smart contract built on Ethereum that ended in one of the most catastrophic implosions in Crypto history. With 12% of the extant Eth tied up in the DAO, The majority of Ethereum hashpower decided to hard-fork to refund DAO investors their money and ‘start fresh.’ Dissent Spawns Ethereum Classic. The methods taken to enact this change on the Ethereum blockchain dissatisfied many,....

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Rejecting Today’s Hard Fork, the Ethereum Classic Project Continues on the Original Chain: Here's Why

Ethereum hard forked today. As per what seemed to be the popular demand, the protocol rules have been updated incompatibly with the existing Ethereum protocol. Users have essentially moved to a new blockchain and left the old one behind. At time of publication, well over 90 percent of hash power on the Ethereum network had moved to the new chain. This fork effectively reverts the existence of the DAO and will reclaim almost all funds taken by an attacker a month ago, to return them to the original investors. But the hard fork also marks the launch of a spin-off project: Ethereum Classic.....