Korea’s Largest Bitcoin Exchange Supports Ethereum Classic, Eliminates All Fees
Korbit, Korea’s largest Bitcoin exchange has announced the launch of Ethereum Classic trading, which enables Korbit users to purchase and sell ETC for KRW, without any fees. On July 18, the Korbit development team officially announced their decision to halt Ethereum trading - including ETH deposits and withdrawals - to prevent users from being affected by the hard fork. First major Bitcoin exchange in Korea to support Ethereum Classic. The Korbit team told its users that the exchange will resume Ethereum trading once the network settles and becomes more stable. The Korbit team said in an....
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Minergate, a mining pool and the developer of GUI mining software that supports various mining various cryptocurrencies including bitcoin and Ethereum, is including support for Ethereum classic, the blockchain based on the original Ethereum platform’s consensus before the hard fork. Although the original Ethereum blockchain was officially abandoned following a hard fork that was triggered as a result of the DAO Ahack, a group of community members have since come together to implement the Ethereum blockchain’s original consensus. The project, known as Ethereum Classic, was announced last....
Coinbase has announced that its platform GDAX will not be supporting Ethereum Classic anytime soon. However, the company has kept its options open for the future. The unexpected rise of Ethereum Classic, the original Ethereum blockchain without a hard fork has got few leading cryptocurrency exchanges considering its implementation into their platforms. Poloniex became the first cryptocurrency exchange platform to include ETC support, with few more expected to do so soon. However, one platform that doesn’t want to jump into the ETC bandwagon right now is Coinbase. The leading US-based....
Ethereum Classic has put on a show for the crypto market in the last two weeks. The rallies which have seen Bitcoin and Ethereum hit one-month highs have propelled the altcoin to some of the largest gains recorded in the market. After rallying almost 100% in the previous week, another massive rally has made Ethereum […]
Various proposals are floating around on the Internet to raise more support for Bitcoin Classic in these days of block size debates and transaction backlogs. Some people proposed the idea of setting up a crowdfunding effort for those miners who generate Bitcoin Classic blocks on the network. This new idea would see one exchange owner implement a voluntary fee – on top of normal fees – to support the mining of Bitcoin Classic blocks. An interesting concept for sure, but will the community accept it?
While some miners are attacking Ethereum Classic, the spin-off blockchain based on the consensus and protocols of the original Ethereum blockchain continues to gain support. After miner Chandler Guo announced he and other miners plan to attack Ethereum Classic Tuesday, Bill Shihara, CEO of Bittrex, a cryptocurrency exchange, contacted CCN express his skepticism about the miners’ attacks. Guo said he, assisted by other miners, will 51% attack Ethereum Classic as soon as possible. Guo said that they would isolate any block so that transactions cannot be confirmed, which was necessary because....