Roger Ver: Market Viewed Ethereum Fork As Good
According to Roger Ver, the outcome of Ethereum’s hard fork was considered a good thing by the market. The cryptocurrency investor noted that, since the #2 cryptocurrency split into Ethereum and Ethereum Classic following the theft resulting from the hack of the DAO, the combined value of both forks is now equal to greater than the original total value of a unified Ethereum: Ethereum fork meant to isolate stolen funds. Following a hack of the DAO involving the theft of millions of Ether, the Ethereum community decided a hard fork was in the best interests of the cryptocurrency. The....
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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....
“It’s not about the economics,” says Alex Petrov of bitcoin cloud miner, Bitfury, in riposte to comments by Bitcoiner Roger Ver on changes to the bitcoin protocol. “You can have a different economical opinion or you can have a different economical theory, but it’s all about the software. This soft-fork and hard-fork. It’s the only way you are trying to offer the new solution for the whole community. In a soft-fork, it’s a restriction on allowed behavior. And then if people agree, they can activate the feature. If you are creating a hard-fork, it’s more complex. You are updating the....
Roger Ver, one of the biggest bitcoin cash advocates, is not a fan of the scheduled fork event of the cryptocurrency's network.
So far, developers are calling 'Spurious Dragon' a success. Ethereum's latest hard fork, officially activated at block 2,675,000 today, comes days after the code was first tested as a solution to ongoing network performance issues. Among other changes, the fork will give developers the ability to delete empty accounts left by an unknown attacker that had effectively flooded the network. While generally seen as a dangerous way to upgrade a blockchain (since it can lead to a network split if the proposed changes aren't accepted by everyone), ethereum's developers have embraced hard forks as....
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....