Ethereum Hard Fork Gives Birth to a New ‘Classic’ Coin
The Ethereum community had a hard fork this past week, and many celebrated a successful implementation. However, not everyone was enthusiastic about the fork as it only received 85% of the network’s hashing power. The Ethereum blockchain split into two, and the minority has been mining and now trading via Poloniex a “new” token supply called Ethereum....
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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....
Ethereum Classic's declaration of independence from Ethereum airs its grievance against ETH while listing its Code of Principles. Ethereum Classic, an offshoot of Ethereum that continues to carry on with the Ethereum legacy blockchain has published its own version of the “declaration of independence” from Ethereum. In the document, Ethereum Classic which came into existence on July 20, 2016, following the implementation of Ethereum hard fork states its plans for the future and the principles to which it will adhere to. Ethereum Classic represents the community that objected Ethereum’s....
Born as a rebellion against Ethereum’s hard fork to retrieve funds from The DAO after it was "hacked" last summer, Ethereum Classic has increasingly formed a unique identity since. The continuation of the “original,” pre-fork Ethereum project seems to be letting go of plans as established by the Ethereum Foundation, and instead navigates a distinct path forward. The development community around the smart contract platform is growing, the project developed its own policy on hard forks, and as opposed to Ethereum, Ethereum Classic will probably not switch to (full) proof-of-stake....
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....
Ethereum’s DAO hard fork update landed on GitHub yesterday, allowing users to vote on whether they support the Hard fork that will refund the DAO after the attack that drained around four percent of the total Ethereum (approx. 50 million US dollars worth at the time) in circulation from the smart contract. Ethereum Reaches A Crossroads with Hard Fork Update. This hard fork update, if successful, would wipe one of the biggest failures to happen in the cryptocurrency ecosystem away, giving the people with a stake in The DAO (and others who suffered from the subsequent price depreciation of....