Ethereum Classic Now 3rd Most Traded Cryptocurrency After Bitcoin and Ethereum
According to coinmarketcap.com who does cryptocurrency market capitalizations, newly-split Ethereum Classic is now trading third, just behind Bitcoin and Ethereum on the list of the world’s top cryptocurrencies. This new entrant, which currently stands in sixth position on the list of cryptocurrencies with the largest market cap after Bitcoin, Ethereum, Steem, Ripple and Litecoin, is worth $76m selling at $0.926285 per unit and has recorded $14.1m in trading within 24 hours (as at the time of publication). Dash has also moved from the eighth to the seventh position, though with a small....
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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 is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....
“Ethereum Classic rejects Keynsean heresy, and returns to Bitcoin’s Austrian roots,” declares arvicco, a pseudonymous Ethereum Classic project coordinator and cross-chain trading programmer. An event organized by enthusiasts of Ethereum Classic took place Tuesday in London, featuring renowned cryptocurrency enthusiasts like Jon Matonis, whose words were the first in the mainstream to openly celebrate Bitcoin when he wrote for Forbes. The event might mark the first time that high-profile thinkers (such as Jon Matonis for example) will come together on a panel to discuss what might be the....
Ethereum Classic is dominating the cryptocurrency news cycle. After a slumber of some days following the Ethereum hard fork that refunded investors of the hacked DAO, the unforked and re-named Ethereum blockchain and its native token classic ether (ETC) surged. Exchanges enabled trade in the digital currency, investors bought in, miners pointed their hardware to it, and a new development community began to form. But Ethereum Classic also has led to chaos and uncertainty. The forked half of the chain — sometimes dubbed “Ethereum One,” and supported by the Ethereum Foundation — is still....
Ethereum classic was never supposed to exist. The hard fork of the ethereum blockchain earlier this month was meant to move funds associated with the hacking of The DAO into an account controlled by investors and leave the old record of transactions to be forgotten by history. Most of ethereum's developers made the switch, as did exchanges, startups and other members of the budding ecosystem. For a few days, the project returned to normalcy. But not everyone wanted that record to be forgotten. A small group of miners continued to use the original blockchain as a protest for what they....