Ethereum Classic Hardforks Successfully
Ethereum Classic forked for the first time this morning to address a number of dos attack vectors that have affected ETC’s network for weeks. The upgrade faced no technical problems, with most of the network and miners smoothly transitioning from the old client to the new Gas Price Hardfork client. However, ETC’s price has not reacted positively, falling by more than 3% in contrast to Eth’s price which rose by almost 10% after it successfully hardforked last week. ETC’s price may be a reaction to bitcoin’s gain in value – itself arguably because some miners have publicly called for a....
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Ethereum has successfully upgraded its network to address a number of attack vectors that were constantly exploited in September and October of this year. Just before Devcon2’s opening, an attacker exploited a smart contract gas mispricing bug which threatened to derail Ethereum’s big day. The developers, however, were able to take emergency measures, allowing the network to continue operating, but after Devcon2, for a period of two weeks, the attacker kept exploiting the same bug in different and creative ways, leading Gavin Wood, founder of Parity Technologies, to call for a hardfork.....
Ethereum has achieved what some said was impossible. A controversial hardfork has just successfully completed. Ethereum’s price jumped yesterday when the fork became fairly certain. It continued to rally today with price enjoying an astonishing increase once the fork was successfully completed. After a month of heated debate, Ethereum’s community quickly came together with an incredible 87% of Eth holders voting in support of the hardfork. Miners likewise showed an overall 80% vote in favor. The entire ecosystem, including all businesses, miners, and node operators, upgraded in just three....
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 has just entered free fall. The second most popular cryptocurrency plunged nearly 20 percent at the time of writing to trade at $5.88 to the ETH, compared with its position 24 hours earlier on the Poloniex exchange. Ethereum has been constantly falling and as the chart below shows, the cryptocurrency has fallen from its previous level of $12 at the end of October 2016 to nearly half of that as of Dec. 6, 2016. Why is Ethereum floundering? Ethereum has been plagued by disaster ever since it came into being. The cryptocurrency has undergone at least four hardforks, which have left....