Ethereum Classic Hard Forks; Diffuses ‘Difficulty Bomb’
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....
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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....
Not only Ethereum (ETH), the public blockchain based on smart contracts, has been under Distributed Denial of Service attacks lately. Ethereum Classic (ETC), a blockchain launched on the Ethereum code, has been under a similar attack. Some of the attacks were specific to ETH, while some affected both chains. The attacks made both networks barely usable. Ethereum hard-forked Monday. Ethereum Classic hard forks October 25. “There was only so much that could be done by fixing the clients without making backwards-incompatible changes,” Ethereum Classic project coordinator Arvicco Arvicco told....
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 undergoes a successful hard fork, Zcash prepares for its grand introduction, and Jaxx adds Litecoin. Want to catch up on your latest altcoin news? Read the stories below. ETHEREUM CLASSIC. Following a recent DDoS attack, Ethereum Classic has undergone a successful hard fork to set things “back to normal.” This is not the first time such a move has been executed, and unfortunately, the price of ether has suffered in the long run. Immediately following the hard fork, the cryptocurrency dropped by about three percent, although this may be a direct reaction to bitcoin’s recent....
Hard forks are a rather contentious issue in Bitcoin. The controversy surrounding hard forks can be seen most prominently in the context of Bitcoin XT 's implementation of BIP 101. While there have been successful Bitcoin hard forks in the past, the problem with hard forks of the Bitcoin blockchain is that they're, well, hard. Any change to the Bitcoin protocol that requires a hard fork essentially requires near-complete consensus to avoid a potential blockchain split. For example, there are many individuals in the Bitcoin development community who do not believe that BIP 101's use of a 75....