Ethereum Classic Community Navigates a Distinct Path to the Future
Ethereum Classic started off as what is perhaps best described as a protest movement, opposing a (perceived) bailout of Ethereum’s leaderless investment venture, The DAO. But the brand new cryptocurrency, which is actually the continuation of the pre-hard forked Ethereum chain, has since surprised many. Its currency, classic ether (ETC) has garnered a....
Related News
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....
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....
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 after moving higher found sellers and moved down. Can it continue heading lower or will it bounce back versus Bitcoin? Key Highlights. Ethereum classic spiked higher as forecasted in yesterday’s post and then found sellers. There is currently a bearish trend line formed on the 30-min charts of ETC/BTC, which is acting as a hurdle for an upside move. The current price structure is bearish in the short term, but I still feel there is a chance of a surge towards 0.0035BTC before a major top. Ethereum Classic Resistance. Ethereum classic price ETC was on the rise yesterday. I....
If the split between Ethereum and Ethereum Classicwasn’t definitive before, it is now. Ethereum Classic, the project born out of rejection of Ethereum’s reversal of The DAO, hard forked today. With that, Ethereum Classic has implemented the biggest protocol change yet, and furtherdifferentiated itself from the Ethereum project. Most importantly, the hard fork — dubbed “Die Hard” — diffused the difficulty bomb, which was set to freeze the protocol later this year. Additionally, Ethereum Classic implemented replay protection, to ensure Ethereum transactions are no longer valid on the....