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What Is Ethereum Etc?

Ethereum Classic Price - Mobile Friendly Price Of Ether Classic

Ethereum Classic Price - Mobile Friendly Price Of Ether Classic

Millions of Dollars Frozen in Ethereum Exploit Hundreds of millions have been frozen across dozens of multi-signature Ethereum wallets. What does this mean for the price of Ether and will we see yet another hard fork? In 30 days time it is likely that there will be 4 high profile versions of Bitcoin in existence - Bitcoin Cash, Bitcoin Gold, Bitcoin 2X and Bitcoin Core. 2X and Core specifically, are so contentious that [...] To help users of this website stay up to date with the latest price movements, we've launched email-based price alerts. Set your cryptocurrency pair (i.e. ETH/USD), exchange and [...] I've been long avoiding this article, waiting until the inevitable ICO shitstorm began to show its first signs of pouring. But when Paris Hilton tweeted [...] Ethereum Classic and August 1st Bitcoin Cash Cryptocurrencies are open source and anyone with an internet connection is capable of creating a fork. Many forks of Ethereum exist today, however only one has any market value (Ethereum [] Continue reading >>

Ethereum Classic Price Technical Analysis Etc/usd Turned Sell On Rallies

Ethereum Classic Price Technical Analysis Etc/usd Turned Sell On Rallies

Ethereum Classic Price Technical Analysis ETC/USD Turned Sell on Rallies Ethereum classic price faced an increased selling pressure and declined below $34.00 against the US dollar. There is a major bearish trend line forming with resistance at $34.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may correct a few pips higher, but it remains sell on rallies near $34.50. Ethereum classic price is now back in a bearish zone against the US Dollar and Bitcoin. ETC/USD is facing a lot of resistances on the upside near $34.00 and $34.50. A fresh downside wave was initiated from well above $37.00 in ETC price against the US dollar. The price declined and traded below a couple of important support levels such as $35.00 and $34.00. It even traded below the $33.25 support and settled below the 100 hourly simple moving average. It traded as low as $31.36 and it is currently correcting higher. It is currently testing the 23.6% Fib retracement level of the last decline from the $37.11 high to $31.36 low. On the upside, the broken support at $33.25 may act as a strong resistance. Moreover, there is a major bearish trend line forming with resistance at $34.50 on the hourly chart of the ETC/USD pair. An intermediate resistance is around the 50% Fib retracement level of the last decline from the $37.11 high to $31.36 low at $34.28. Therefore, it seems like there are many barriers on the upside starting with $33.25. The most important hurdle is near $34.50, which wont be easy to break in the near term. On the downside, the recent low of $31.36 is a short-term support. A break below the $31.30 level could ignite a downside reaction towards the $30.00 level. Hourly MACD The MACD for ETC/USD is currently in the bearish zone. Hourly RSI The RSI for ETC/USD is now w Continue reading >>

What Is Ethereum Classic?

What Is Ethereum Classic?

Ethereum Classic (ETC) is not a new cryptocurrency. Rather, it is one that resulted from the split of an existing cryptocurrency, Ethereum. Just like Ethereum, ETC is a secure, censor-proof, reliable, public, trustless, and decentralized platform for running applications and smart contracts. Ethereum Classic has its own token, ETC, that works as the networks fuel. Supporters of ETC tend to be purists who argue its the true Ethereum while detractors claim its a less important or inferior version of the protocol. Both blockchains were identical in every way up until block 1920000 . In 2016, a smart contract on Ethereum was hacked . This event split community opinion and resulted in one of the most significant schisms within the blockchain community to date. This division was over the practicalities of how to address the theft of funds that took place during the incident (more on this below). But ultimately it took on some deeper philosophical and ethical shades as well. To really understand ETC, how it differs from Ethereum, and why this matters, we need to retrace a little bit of its history. The Ethereum ecosystem works as a foundation for smart contracts. In a simplified sense, smart contracts are automated protocols that can carry out and enforce various transactions autonomously. The DAO was a complicated smart contract whose aim was to create a decentralized venture fund that would distribute money to various dapp development projects. The code of the DAO was designed to eliminate the need to trust humans. But in the end, humans were not so easy to remove. Understanding the DAO is not hard. If you wanted to influence the direction development took, you had to purchase DAO tokens with ETH. In order for funding to proceed, a dapp needed to get 20% of the vote from al 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 >>

Is Ethereum Classic Etc Heading Towards Redemption?

Is Ethereum Classic Etc Heading Towards Redemption?

We were introduced to Ethereum Classic (ETC) since the very moment when the hidden loop in DAO was discovered due to an infamous hack attack that took a load of money from the hands of ETH investors and holders. Further, from that point, the dev team behind Ethereum decided to go for a hard fork so that they wouldnt have to go through the consequences of having a problematic protocol, and that is how ETC, Ethereum Classic was born. From that point, weve seen ups and downs in both currencies, however, while Ethereum is cunningly holding onto the 2nd place on the global coin ranking list, Ethereum Classic is trying to break out of the top 20 and get closer to the top 10 list, which is probably every coins dream being ranked among the best cryptos. At this point, it seems that Ethereum Classic has a lot going on, so lets see what ETC dev team has been up to these days. The nature of the crypto market is primarily focused on constant improvements in the field of technology, blockchain operations, and decentralization, so naturally, the coins and tokens that usually hold the greatest value (not necessarily the value stated in the market price) are those that have active dev teams. Cryptocurrencies that are pushing the limits of the technology powering up these digital assets are consequently ranked as better when compared to the cryptocurrencies that kept the same technological profile since the initial launching of ICO. That is probably the main reason why Ethereum Classic is 15 places below its parental platform Ethereum. However, there are some pretty interesting improvements noted in the roadmap of ETC as the team behind it is working on some notable novelties. By far Ethereum Classic (ETC) has managed to get listed on almost all major exchanges including Bittrex and Bi Continue reading >>

Ethereum Classic (etc) Tech Trends: Find Out Whats Coming Next

Ethereum Classic (etc) Tech Trends: Find Out Whats Coming Next

Ethereum Classic (ETC) Tech Trends: Find Out Whats Coming Next In the recent past, Ethereum Classic (ETC) has been in the limelight due to its fall in prices. Over the past 24 hours, ETC had a price change of negative 7.61%. From the investors side, it may sound disgusting. However, other coins like Bitcoin, Stellar, Cardano, and Litecoin had similar retrogressive charts. So, where exactly did this cryptocurrency come from? The 15th ranked digital coin was built on the original Ethereum blockchain . On the contrary, ETC is not subjective to interferences. These interferences may include hacking, tampering of transactions, and other cryptocurrency fraud. As at now, Ethereum Classic has already managed to build two hardware wallets, including Trezor hardware wallet and Ledger hardware wallet. For this reason, people can store their Classic Ether safely through the hardware wallets. The currency has over 15 mining pools on their Github page. In addition, the fact that it has been listed on popular exchanges like Bittrex and Bitfinex means that the coin has been well accepted by the community. But before anything, here is what has been happening. Since the beginning of 2018, it is clear that ETC Development team is working on the cryptocurrency. On March 1st, its community adopted a monetary policy. In the beginning, the Ethereum Classic Development Team noted that since the inception of the coin in 2016, its market grew significantly. So, there was a need to balance long-term interests of ETC community. As a result, the community recently adopted a fixed cap monetary policy. Besides, grayscale launched Ethereum Classic investment funds that could track ETC market price for users, and bring less fees and expenses. In 2018, Ethereum Classic has several resolutions . The dev 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 >>

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 >>

What Is Ethereum Classic? Introduction To Etc

What Is Ethereum Classic? Introduction To Etc

What is Ethereum Classic? Introduction To ETC What is Ethereum Classic? Introduction To ETC Before there was Ethereum... the "original" chain, with all that entails. What is Ethereum Classic? In fact, WHY is Ethereum Classic, might be a better question! Their stories are intertwined, as their shared name suggests. For the first 1.92 million blocks, the two have the exact same transaction history. But not long before block 1920000, a bad thing happened to Ethereum . The DAO, a decentralized organization established to promote dapps and development in Ethereum, suffered a hack due to a vulnerability in its smart contract. Over 6.2 million Ether were lost to the attackers. In todays figures, that would amount to more than $2 billion. Needless to say, the community was shocked by these events. Over 10% of the Ethereum that existed had been invested into the DAO , it having funded in record time. Its members represented some of the most renowned minds in the Ethereum community. A decision was made to hardfork with changes to the blockchain that effectively returned the funds to the DAO and repaired the flaw in its smart contract. This decision was not universally agreed upon. A lot of people made detailed arguments in favor of it while enough people also argued against it. Here are some of the reasons it was felt that to hard fork at the behest of the DAO was the wrong thing to do: The flaw which enriched the hacker was not a flaw in Ethereum, but a flaw in the DAOs own code. Therefore its not much different than a government handing out money to corporations who get robbed it probably doesnt help corporations learn from their mistakes and its not the governments job anyway. A hard fork to solve a one-off problem that isnt a side effect of the blockchain itself lessens the Continue reading >>

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 (etc): Rising Against The Odds

Ethereum Classic (etc): Rising Against The Odds

Ethereum Classic (ETC): Rising Against the Odds Home All Posts ...Ethereum Classic (ETC): Rising Against the Odds February 20, 2018 By Maja Rogic 3175Views 1Comment Ethereum Classic is one of those crypto offsprings that we werent sure would make it far, at least not over the long run and with all the fuss about having ETC potentially existing on illegal terms in the future. However, the last couple of days are telling a different story about ETC as this token was hitting the roof with its rising price. Many have expected that, but in favor of those who have not, we are compiling a reminder on what Ethereum Classic is all about and how come this token could potentially become illegal in the future where decentralized platforms could be possibly regulated. And, of course, we are all interested in predicting ETCs future progress. Ethereum Classic wouldnt be possible to exist if it werent for that infamous stealth that wiped away over 3.6 million ETH. In case you dont remember, the stealth happened thanks to the flaw existing within the core system of DAO. DAO, abbreviated from Decentralized Autonomous Organization, was created to allow users to easily fund projects through Ethereum platform, but since there was a flaw within the system, there was a loop that allowed the anonymous hacker to almost effortlessly take the money stored within DAO. How did this happen? DAO was used to fund different projects easily through the model of smart contracts Ethereum is famous for. All members of the community could thus fund DAO account to help out the projects they liked. However, the thing about DAO funding is that the developers allowed all participants to retrieve their donations in case they would change their mind about supporting a certain project. That wouldnt be trouble if Continue reading >>

Ethereum Classic (etc) Is Aiming To Align With Ethereum (eth)

Ethereum Classic (etc) Is Aiming To Align With Ethereum (eth)

Ethereum Classic (ETC) Is Aiming To Align With Ethereum (ETH) Home All Posts ...Ethereum Classic (ETC) Is Aiming To Align With... April 5, 2018 By Kaustav 2476Views 0Comments The DAO attack recently resulted in the Ethereum hard fork, the significance of which is still lingering and will continue to do so for a long time. The reason behind this is that this attack resulted in the bifurcation of the Ethereum blockchain. The newly formed chain is known Ethereum while the old chain that did not embrace any alterations to the code was renamed as Ethereum Classic (ETC). Not only did the two coins adopted different roadmaps but also the original chain remained incompatible and lacked upgradation. This implied that none of the current upgrades and updates could be implemented on the platform of Ethereum. For instance, ETH is shifting to a proof-of-stake algorithm while ETC will continue working on a proof of work algorithm. ETH is also equipped with remarkable features like faster block completion times and smart contracts. To aggravate matters, most of the major personalities who used to work in the Ethereum community including Gavin Wood and Vitalik Buterin have shifted towards working at the new chain. The resulting impasse that resulted from the conceptual and moral differences meant that there were some areas of contention between the two communities of ETC and ETH. While the newly formed ETH has emerged in the second position only after Bitcoin in the crypto market in terms of market capitalization, ETC is lagging behind at 17th position in terms of market capitalization. Plans for 2018: Ethereum Classic aims to match with Ethereum in the use of smart contracts Vitalik Buterin has suggested the idea to have the supply of ETH capped at about 120 million coins. This is co 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 - 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 >>

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 >>

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