CryptoCoinsInfoClub.com

How To Ethereum Classic

Ethereum's Two Ethereums Explained - Coindesk

Ethereum's Two Ethereums Explained - Coindesk

What started as an attempt to rescue investor funds in a high-profile project has resulted in a schism that has effectively split the community on the second-largest public blockchain. The split is not only psychological. Thanks to the design of public blockchain systems, it is also technical, with competing visions manifesting in two very real blockchains, or versions of the projects transaction history. As of this weekend, there are now two groups working on two competing versions of a project called ethereum , a blockchain-based platform designed to enable decentralized application development. If bitcoin envisioned how a distributed group of users could create and manage a currency, ethereum sought to allow a distributed group of users to create and manage a decentralized, uncensorable app store. (You can learn more in our latest CoinDesk Research report). However, there are now two slightly different versions of this platform available to users ethereum, the 'official' version of the blockchain maintained by its original developers, and ethereum classic, an 'alternative' blockchain maintained by a wholly new team . Both offer the same technology platforms, and according to developers, they're in agreement on a formal roadmap for steps forward. But, the small differences have created two markets, both with a combined value of roughly $1.2bn . Long the most notable ethereum project, The DAO, short for distributed autonomous organization, raised $150m in ether the cryptocurrency of the ethereum network earlier this year during a public crowdsale. Held online, anyone who had ether could participate. The idea was simple, in theory. Investors would send money to The DAO and receive voting tokens, and then those who invested (and voted) would decide democratically how Th Continue reading >>

Ethereum Classic Vs Ethereum: A Step-by-step Guide | Finder.com

Ethereum Classic Vs Ethereum: A Step-by-step Guide | Finder.com

Born out of a hack and a philosophical disagreement in the Ethereum community, Ethereum Classic has become one of the top cryptocurrencies on the market. Starting life as Ethereum, Ethereum Classic (and its value token, ETC) is the result of a long debate over how cryptocurrencies should handle disagreements within the community and data hacks. That does not mean its in any way a lesser entity than Ethereum. On the contrary, the community behind Ethereum Classic aims to make Ethereum Classic the best cryptocurrency on the market. Ethereum Classic is an open-source, peer-to-peer, computing platform based on blockchain technology and the original Ethereum code. Just like Ethereum, it provides a value token, or altcoin, called classic ether which is used to pay users for products and services, and as a transaction fee when using decentralized apps and smart contracts. The story behind The DAO attack and subsequent hard fork decentralized autonomous organizationbuilt on the Ethereum platform. It was meant to allow users to invest in the development of decentralized apps to run on the Ethereum blockchain. By May 2016, The DAO had accumulated over $150 million, and was ready to begin its operations. Then a paper was released detailing a security flaw in the DAO architecture. Developers of The DAO ignored the concerns raised and moved forward with their operations. In June 2016, The DAO was hacked using the same security flaws outlined in the paper and approximately $50 million were stolen. This hack and the debate that followed it caused a schism in the Ethereum community. On one hand, Ethereum developers could revert the hack back, returning all Ether coins to their respective owners. On the other hand, the very core philosophy of cryptocurrency is that the transactions can Continue reading >>

Ethereum Classic | Beginners Guide

Ethereum Classic | Beginners Guide

Ethereum Classic is the original Ethereum blockchain and allows for the implementation of decentralized applications and smart contracts. The project was born out of an unwavering belief in core principles. It symbolizes the importance of a cryptocurrency being fungible and its blockchain immutable. The Ethereum and Ethereum Classic blockchains were identical all the way up to block 1920000. But then the infamous DAO changed a blockchain and cryptocurrency forever. A smart contract known as The DAO, the Decentralized Autonomous Organization was created on the Ethereum platform. The DAO was essentially a venture capital fund where investors would vote on how to allocate capital. The fund was so popular that it attracted roughly 14% of all Ether in existence at the time, raising 150 million dollars. The advantage and disadvantage of a smart contract is the autonomous execution. In this case, the smart contract had a design flaw that allowed someone to steal over 3.6 million Ether from The DAO. Vitalik Buterin, creator of Ethereum, and the majority of the community wanted to perform a hard fork that would roll the blockchain back to block 1920000 to before the hack so that funds could be returned. You can read more about the controversy and the decision to hard fork Ethereum here . After the hard fork to return peoples funds, the original Ethereum blockchain remained and is now known as Ethereum Classic or ETC. The community that continued to mine and support the original blockchain believe there should be no outside influence on what was supposed to be an immutable blockchain. Ethereum Classic has since blazed its own trail in the cryptocurrency world. In the long run, the Ethereum Classic community hopes there is value in taking the principled approach that code is law. Continue reading >>

Ethereum Classic (etc) To Hit $75 As Excitement Builds Towards March 5

Ethereum Classic (etc) To Hit $75 As Excitement Builds Towards March 5

For most of crypto enthusiasts, their eyes are glued on market reactions after new announcements. Well it is different for Ethereum Classic (ETC). Putting the conflicts between ETC and Ethereum (ETH) aside, experts predicts ETC price will hit the $75 by end of first quarter. A lot is expected on the ETC ecosystem that might turn it to a gold mine faster than expected. To put you up to speed with keen Ethereum Classic enthusiasts, ETC is the original Ethereum blockchain. Participants who were not happy with the goings on left immediately after the Decentralized Autonomous Organization (DAO) hack of 2016. However the platform has stayed steadfast and held on to its immutable nature. The DAO attack where more than 50 million worth of Ethereums tokens were stolen leading to a fall-out is still fresh and a lot of convincing is need to restore investor confidence. The stolen tokens have since been recovered, the rift still remains and seems to widen. Members were divided because of the existing vulnerabilities while other remained out of trust on the system. According to their website Ethereum classic (ETC) is fully decentralized, immutable and unstoppable which is a plus when compared to Ethereum. Currently, ETC is set to test new price heights. The coin is now trading at $36.71 (12.31%) a plus from the previous $13.97 early February. With the much hypedlaunch of Callisto airdrop in March 5th, this will be looking up for the token. With the current trends, experts predict that ETC will be trading at $75 by early April. Having set a base above the $35 threshold, achieving accelerated growth trends is now a reality. The hype around the Callisto is the current catalyst and more investors are keeping their tabs close expecting a boom. How will Callisto Impact on Ethereum Classi Continue reading >>

What Is Ethereum Classic

What Is Ethereum Classic

This guide was created with the purpose of answering any question user may have regarding Ethereum Classic (ETC) . In order to understand why and how ETC has come into existence, it's important to understand the events that lead to its creation: The DAO hack and the hard-fork. If you haven't followed these events, click here to read a brief summary. Ethereum Classic is not a new cryptocurrency, but instead a split from an existing cryptocurrency, Ethereum. Both blockchains are identical in every way up until block 1920000 where the hard-fork to refund The DAO token holders was implemented, meaning that all the balances, wallets, and transactions that happened on Ethereum until the hard-fork are still valid on the Ethereum Classic Blockchain. After the hard-fork, the blockchains were split in two and act individually. Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of smart contract and Decentralized applications, and has all the same specifications, such as average block time, size and reward. Part 2- Why was Ethereum Classic created The Hard-fork has been a controversial subject, that has split literally split the Ethereum community in two. Both sides have made some valid points regarding their position on the hard-fork debate. Users that did not support the hard fork point out that Code is law - the original statement of The DAO terms and conditions should stand under any circumstances Things that happen on the blockchain are immutable and they should never changeregardlessof whatthe outcome is There is aslipperyslope and once you modify / censor for onecourse/reason there is not a lot to keep you from doing it for other contracts The decision to return the money is short sighted and you might reduce the value of ETH d Continue reading >>

Ethereum Classic Community

Ethereum Classic Community

Vitalik Buterin and The Ethereum Foundation create the first blockchain-based turing-complete smart contract platform Slock.it construct TheDAO Ethereum Contract; a security audit is completed by Dejavu TheDAO smart contract is deployed; members of the public send it value in return for DAO tokens Slock.it announce a $1.5 Million USD proposal, paid in Ether by the crowdfund, 'to guarantee the integrity of The DAO' On the last day of the crowdsale, DAO curator Vlad Zamfir calls for a moratorium on TheDAO, citing many game-theoretical security issues The crowdsale completes to become the world's largest and raising an incredible $150 Million USD Peter Vessenes publicly discloses the existence of a critical security vulnerability overlooked in many Solidiy contracts Stephan Tual publicly claims that TheDAO funds are safe despite the newly-discovered critical security flaw Ether is slowly and silently drained from TheDAO as the re-entry bug is applied The price of Ether is slashed in half as Griff Green announces that TheDAO has been hacked TheDAO's splitting mechanism gives around a month for a solution to be found that recovers the funds; Foundation and community developers race to implement a soft fork A group of 'white-hat' hackers secure 70% of TheDAO funds but protocol-level action is required to save the remaining 30% split by the hacker The Ethereum Foundation releases a 'Soft Fork' client to censor transactions coming from the hacker; mining pools vote to enable it by lowering gas limit Critical Denial of Service flaws are found in the Soft Fork implementation, miners quickly decide not to use it Many days of intense arguing goes on in the Ethereum community about the pros and cons of implementing a Hard Fork The only remaining option is a controversial Hard Fork. Continue reading >>

Ethereum Classic (@eth_classic) | Twitter

Ethereum Classic (@eth_classic) | Twitter

This timeline is where youll spend most of your time, getting instant updates about what matters to you. Hover over the profile pic and click the Following button to unfollow any account. When you see a Tweet you love, tap the heart it lets the person who wrote it know you shared the love. The fastest way to share someone elses Tweet with your followers is with a Retweet. Tap the icon to send it instantly. Add your thoughts about any Tweet with a Reply. Find a topic youre passionate about, and jump right in. Get instant insight into what people are talking about now. Follow more accounts to get instant updates about topics you care about. See the latest conversations about any topic instantly. Continue reading >>

Ethereum Classic On Twitter:

Ethereum Classic On Twitter: "ethereum Classic Upgraded To "b" Rating Via @weissratings Now Tied In Second With Ripple Rising From "c-" To "b" Since January #ethereumclassic #classiciscoming

This timeline is where youll spend most of your time, getting instant updates about what matters to you. Hover over the profile pic and click the Following button to unfollow any account. When you see a Tweet you love, tap the heart it lets the person who wrote it know you shared the love. The fastest way to share someone elses Tweet with your followers is with a Retweet. Tap the icon to send it instantly. Add your thoughts about any Tweet with a Reply. Find a topic youre passionate about, and jump right in. Get instant insight into what people are talking about now. Follow more accounts to get instant updates about topics you care about. See the latest conversations about any topic instantly. Continue reading >>

Ethereum Classic - Wikipedia

Ethereum Classic - Wikipedia

Ethereum Classic is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [1] [2] It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called "classic ether", which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request. [3] [4] [5] [6] The Ethereum platform has been forked into two versions: "Ethereum Classic" (ETC) and "Ethereum" (ETH). Prior to the fork, the token had been called Ethereum. After the fork, the new tokens kept the name Ethereum (ETH), and the old tokens were renamed Ethereum Classic" (ETC). Ethereum Classic appeared as a result of disagreement with the Ethereum Foundation regarding The DAO Hard Fork. It united members of the Ethereum community who rejected the hard fork on philosophical grounds. Users that owned ETH before the DAO hard fork (block 1920000 [7] ) owns an equal amount of ETC after the fork. Ethereum Classic passed a technical hard fork to adjust the internal prices for various opcodes of the Ethereum Virtual Machine (EVM) on October 25, 2016, similar to the hard fork committed by Ethereum a week previously. The purpose of the hard fork was a more rational distribution of payments for resource-intensive calculations, which led to the elimination of the favorable con Continue reading >>

An Ethereum Classic Fork Snapshot Is Coming Next Week

An Ethereum Classic Fork Snapshot Is Coming Next Week

An Ethereum Classic Fork Snapshot Is Coming Next Week Next week the ethereum classic (ETC) community is expecting to receive coins from a snapshot fork called callisto (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media The First High Profile Hard Fork Is About to Get Forked The funny thing about ethereum classic is that it was one of the first high profile blockchain splits and ethereum (ETH) holders received a 1:1 ratio of ETC after the hard fork at block 1,920,000. The fork was caused by members of the Ethereum community because they rejected the idea to bail out the DAO , an ETH application that lost $150Mn that year. Some individuals firmly believe that ETC is the one true Ethereum network. Callisto, however, is not quite like the ETC hard fork as its a snapshot much like bitcoin gold, bitcoin diamond, and the other clones that appeared over the past year. Callisto Developers Believe CLO Will Have Better Smart Contract Security Essentially CLO coins will share the same history as the existing ETC chain but from block 5,500,000 and forward the network will be its own. The cloning is expected to happen next week sometime on or after March 2. The reason behind the snapshot is because CLO developers believe there are issues regarding ETCs smart contract design. According to the CLO white paper ETC is susceptible to smart contract hacks much like the DAO platform. The CLO developers plan to create a Official Smart-contract Auditing Department of CLO & ETC, so one could assume the snapshot may be considered an extension of the ETC community. The main goal of callisto is to research and develop a reference impl Continue reading >>

What Is Ethereum Classic? Ethereum Vs Ethereum Classic

What Is Ethereum Classic? Ethereum Vs Ethereum Classic

What is Ethereum Classic? Ethereum vs Ethereum Classic Angel Investors, Startups & Blockchain developers... If you have been involved with cryptocurrency , then there is no way that you dont have an opinion on this. The battle between Ethereum and Ethereum Classic is both an ethical and ideological one. Before we start explaining the basic difference between the two and drawing our own conclusions, it is important for us to know a little bit of history. A lot of things needed to happen for us to arrive in this conjecture. So, lets dial back the clocks and check out some of the most critical points in not just Ethereum history, but cryptocurrency in general. The entire ecosystem of Ethereum works on the basis of smart contracts. For the uninitiated, smart contracts are basically how things get done in the Ethereum eco-system. To put it in layman terms, smart contracts are automated contracts that enforce and facilitate the terms of the contract itself. The DAO aka the Decentralized Autonomous Organization was a complex smart contract which was going to revolutionize Ethereum forever. It was basically going to be a decentralized venture capital fund which was going to fund all future DAPPS made in the eco-system. The way it worked was pretty straightforward. If you wanted to have any say in the direction DAPPS that would get funded, then you would have to buy DAO Tokens for a certain amount of Ether. The DAO tokens were indicators that you are now officially part of the DAO system. So, how were DAPPS going to get approved and built? Well, firstly they need to get whitelisted by the curators, who have basically known figureheads in the Ethereum world. After getting their stamp of approval, they will get voted on by the DAO token holders. If the proposal gets a 20% approva Continue reading >>

Nanopool | Ethereum Classic | Help

Nanopool | Ethereum Classic | Help

The following is a quick start guide of mining Ethereum Classic on Windows 7 or greater x64. To mine Ethereum Classic you need a GPU, 4+GB RAM, Ethereum Classic account and GPU miner. The GPU must have at least 4GB memory. Recomended AMD GPU driver 15.12. Account can be obtained in several ways. The simplest way to register on one of exchanges . Miner can be downloaded from the link below. Copy the downloaded files to the folder where you previously extracted the archive with the miner. Share difficulty is static and equal to 5 billion. Recommended minimum hashrate is 5 Mh/s You can mine directly to your Ethereum Classic wallet on any exchange Do NOT use CONTRACT addresses for mining if it consumes more than 40000 gas. PPLNS payout scheme where N is defined as all submitted shares during the last 20 minutes. Remember: using the pool is at your own risk and we can`t compensate any losses. A lot of useful information can be found on cryptocompare.com More information about NiceHash: Getting Started with NiceHash To create buy order on NiceHash you must use these settings: Algorithm: DaggerHashimotoStratum hostname or IP: etc-eu1.nanopool.org (or any other pool's server)Port: 19999Username: YOUR_WALLET.YOUR_WORKER/YOUR_EMAIL (example: 0x9eab4b0fc468a7f5d46228bf5a76cb52370d068d.NH/ [emailprotected] )Password: x We recommend to use Genoil or Claymore clients as they have build-in stratum support, better DAG-files handling and higher hashrate with most of GPUs. Make sure start.bat file looks like this: EthDcrMiner64.exe -epool etc-eu1.nanopool.org:19999 -ewal YOUR_ETC_ADDRESS/YOUR_WORKER_NAME/YOUR_EMAIL -mode 1 YOUR_ETH/ETC_ADDRESS - your valid etc address YOUR_WORKER - simple short worker name (like worker01). Optional. YOUR_EMAIL - your email address for notifications. Opt Continue reading >>

An Introduction To Ethereum Classic

An Introduction To Ethereum Classic

By Shobhit Seth | February 5, 2018 12:20 PM EST Ethereum Classic is an open source, decentralized, blockchain-based distributed platform that runs smart contracts and facilitates decentralized application development. This article explains the key concepts, components, working, and history of the Ethereum Classic platform. Smart contracts are autonomous digital applications thatare capable of running by themselves as per programmedinstructions, and follow the principle of Code is Law. Examples of such applications include systems that manage the working of automatic teller machines (ATM) and the bitcoin system. (For more, see AreSmart Contractsthe Best of Blockchain? ) The application code and the incorporated agreements are available across the decentralizedEthereum Classic blockchain network, and act as the self-governing rules for these smart contracts or applications. Smart contracts enable seamless execution of trusted transactions and agreements among various parties while maintaining participant anonymity on the networks global public nodes. They run without the need for any central regulator, legal framework, or external enforcement authority. They facilitate transparency, traceability, and foolproof execution of the transactions. There is no possibility of any external interference, manipulation, or censorship for the working of such applications on the Ethereum Classic network. Ethereum Classic provides a "Turing complete" virtual machine that is distributed on the blockchain network, and comes with built-in programming language capability. It gives developers flexibility to write code or develop applications that can solve any reasonable computational problem through the process of mining. To prevent the network from getting spammed and to efficiently alloca Continue reading >>

More in ethereum

  • Harga Bitcoin Anjlok

    Harga mata uang digital Bitcoin anjlok sekitar USD 1.000 atau sekitar Rp 13,5 juta hanya dalam waktu satu jam. Pada per...

    ethereum May 10, 2018
  • Crypto Jobs

    How Cryptocurrency Has Introduced New Careers In Tech Cryptocurrency has exploded over the past year or two. And while ...

    ethereum May 9, 2018
  • Ether Bitcoin

    Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any...

    ethereum Mar 29, 2018
  • Ethereum Gas Limit Calculator

    18) . . GASLIMIT. GASPRICEgas 31 May 2017 EthereumVerified account. @ethereumproject. Open source platform to write and...

    ethereum May 7, 2018
  • Bitcoin Exchange Hacked

    Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Re...

    ethereum May 10, 2018
  • Ethereum Plasma

    Ethereum has some serious scaling issues. Since its launch in mid-2015, the blockchain 2.0-darling has struggled to chu...

    ethereum Apr 14, 2018
  • Ethereum Anonymity

    Many people automatically assume Bitcoin users want to remain anonymous when conducting business online. With a wider v...

    ethereum Mar 27, 2018
  • Litecoin Kurs

    Litecoin Kurs Prognose fr 2018, 2019, 2020 und 2021 Litecoin kurs ist gleich 133.26 Euro fr 1 mnze. Tagesreichweite: 13...

    ethereum May 10, 2018
  • Ethereum Wallet Android

    Ethereum Android is more than just a mobile Ethereum wallet. It offers you the full power of the Ethereum World Compute...

    ethereum May 10, 2018