Bitcoin and Ethereum Fell Hard
Bitcoin got hit by a wave of selling today. A combination of panic selling and stops being hit took the market right to the long term 1×1 Gann angle. If you will recall, on 3/3/2017, in this article, we suggested that it might be a good idea to take some money off the table if you were long bitcoin. The title of that article was that both Bitcoin and Ethereum were at resistance. We pointed out that every time Bitcoin had hit that long-term particular resistance in the past, a selloff had occurred. Well, it took a bit longer than expected (long enough to lull into a false sense of....
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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. Ethereum recently came under....
Not only Ethereum (ETH), the public blockchain based on smart contracts, has been under Distributed Denial of Service attacks lately. Ethereum Classic (ETC), a blockchain launched on the Ethereum code, has been under a similar attack. Some of the attacks were specific to ETH, while some affected both chains. The attacks made both networks barely usable. Ethereum hard-forked Monday. Ethereum Classic hard forks October 25. “There was only so much that could be done by fixing the clients without making backwards-incompatible changes,” Ethereum Classic project coordinator Arvicco Arvicco told....
The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain. However, the Berlin hard fork was postponed after a vulnerability was identified by the audit company Chainsecurity and the London hard fork could be delayed as well. London Hard Fork Scheduled for August 4, 2021 Ethereum’s London hard fork is one of the most long-awaited changes in quite some time and will follow the recently....
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,....
The Ethereum network’s hard fork, which many believed was an operation of risk, was carried out smoothly. On July 20, the Ethereum network successfully completed a hard fork as a result of an irregular state change that transferred nearly 12 million ether from the DAO into the WithdrawDAO recovery contract. The Ethereum network’s hard fork, which many believed was an operation of risk, was carried out smoothly. “The fork itself took place smoothly, with roughly 85% of miners mining on the fork,” explained Ethereum co-founder Ethereum. The successful completion of the Ethereum hard fork....