The Blockchain Created By Ethereum's Fork is Forking Now
A blockchain that was born out of the rejection of a specific technical change is on the cusp of making a decision some argue contradicts its core values. That's the situation the developers behind ethereum classic face ahead of a hard fork expected to be enacted on its blockchain on 25th October (should network participants approve the upgrade). Originally formed in reaction to a decision by the ethereum community to edit its "immutable" ledger, the fork caused an ideological schism among its enthusiasts. Alarmed by the action (or seeing a chance to profit by continuing the....
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Could the Ethereum community fork the code and leave the original developers out in the cold? Concerns around the Ethereum premine seem to be one of the causes of the delay in launching an official IPO for the project. Finding the right funding model for any kind of free and open source software is always difficult because someone else can come in and start a new project by forking the source code. These issues are also compounded by regulatory concerns when actual "shares" in a new currency are going to be distributed to early investors. Some people who are upset with the original funding....
A lot of people are expressing their concern over the Ethereum fork idea. Decision-making of such proportions should be left to the community, rather than a handful of developers. The Ethereum ecosystem is still in a state of flux after the attacks against The DAO. It has become apparent the goal is to execute either a soft or hard fork to resolve this situation. But Peter Todd argues that forking is not the right way to solve this situation. A lot of people still seem to confuse The DAO with Ethereum and vice versa. The DAO is a project on top of the Ethereum platform, and Ether is the....
Ethereum classic (ETC) has seen a rally in the last 24 hours, in a massive reversal of fortunes. Ethereum classic is a result of the forking of the Ethereum which, ironically, comes from a decision by the Ethereum foundation to fork Ethereum to try to restore the money lost in the DAO hacking incident earlier on. In a message released by the promoters of Ethereum Classic they made their intentions clear: they do not accept the fork which was made to reimburse DAO investors. They say: “The Ethereum Foundation responded to the DAO debacle in the worst way possible. Special interests....
On the eve of the hard fork scheduled for 20-21 July, we interviewed Taylor Gerring, one of co-founders of Ethereum Foundation. He has also served on the Board of Directors for Ethereum Foundation and is currently an International Speaker and Blockchain Consultant CT: Why Ethereum? Taylor Gerring: The name Ethereum comes from the game World of Warcraft. In that game, there is a zone called Netherstorm with several references to "Ethereum". You can see this reflected on Google Trends, where a search for Ethereum shows a bump around 2007. By comparison, today's search volume for....
How big is the ethereum market? In light of recent developments, answering this question has become more complex for traders and market observers. Due to the unintended consequences of the ethereum community's decision to create a new version of its blockchain last month, there are now two ethereum markets representing the value of almost identical platforms. The planned technical change, which at first had seemed to go off without a hitch, soon got a little strange, as a whole ecosystem of exchanges, miners and traders sprung up around the abandoned blockchain. At press time, this has....