Ethereum Classic (ETC)

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Ethereum Classic (ETC) is a hard fork of the Ethereum network, following the DAO attack in 2015. The DAO was an investment initiative on Ethereum, but a security vulnerability was discovered that resulted in the theft of $50 million in Ether from The DAO’s accounts. It was decided by some members of the community that a hard fork would be a good way to restore the stolen funds back to their rightful owners.

The primary difference between Ethereum Classic and Ethereum is that the former is guided by a very strong philosophy of immutability i.e. that no data on the blockchain ought to be changed. Ethereum, on the other hand, is open to changes to the platform such as decentralization mechanism and new features. 

The project most recently announced that a new team of developers, called ETC Labs Core, had joined the development on the network and would help build a dapp ecosystem on the network. The team is also putting more focus on rectifying some security issues on the network, following double spend attacks in early 2019 that resulted in the loss of $200,000.

The split into Ethereum and Ethereum Classic is often considered a pivotal moment in the space, as monumental as the birth of Bitcoin and the Mt. Gox incident. Ethereum development has largely overshadowed the development and progress of Ethereum Classic. Ethereum also has decidedly more support from established entities who have become part of the Ethereum Enterprise Alliance, which counts names such as Microsoft and JP Morgan Chase as members.  

In this tag, read Ethereum Classic (ETC) news, price predictions, opinions and analyses created by users.


A Quick Overview Of Ethereum Classic Project

16 hours ago 6 minute read Rumi $3.62 tipped

Overview Ethereum Clаѕѕіс ETC іѕ аn Etherеum hаrd fork сrеаtеd tо preserve the оrіgіnаl Etherеum соding аftеr Thе Decentralized Autonomous Orgаnіzаtіоn (Thе DAO, аn Etherеum-bаѕеd рrојесt) wаѕ hасkеd. It саuѕеd а lоѕѕ оf оvеr 6.2 mіllіоn Ether and...

Earn passive income from your BNB, USDT or ETC

2 weeks ago 1 minute read beachbummer $0.12 tipped

If you have bags of BNB, USDT or ETC lying around, you now have a way to earn extra income without selling your crypto! Binance has launched a new margin scheme where you can lend BNB. USDT or ETC to them, and they will in turn pay you an interest eq...

Ethereum Classic Change Brand Name to Classic X

1 week ago 1 minute read Netterscutters $0.06 tipped

Ethereum Classic plans to change the brand name increasingly positive. Stevan Lohja, a technology coordinator at Ethereum Classic Labs, said that top crypto would occur "rectal" by Ethereum Classic (ETC) if the "Ethereum" brand was removed or rename...

ETC HARDFORK and ROADMAP

1 week ago 2 minute read NPH $0.14 tipped

  1. ETC HARDFORK - 17th SEP 2019 In preparation for the Atlantis hard fork, ETC Labs is honored to work on upgrading the Classic Geth Client in collaboration with ChainSafe Systems, and in cooperation with ECC, Parity, IOHK, and the ETC community. T...

Ethereum Classic price analysis: ETC/USD breaks the downtrend with a 3.5% gain

2 weeks ago 1 minute read goldenforex $0.23 tipped

The mind-boggling drop yesterday observed And so forth dive underneath a few key help regions. The continuous recuperation is bolstered by positive technicals. Ethereum Exemplary is challenging the chances by and by posting an amazing inversion. The...

Everyone Is Looking At Ethereum Classic - Here Is Why

3 weeks ago 1 minute read Ed-california $3.86 tipped

Ethereum Classic has been surging over the past few days after rising by a total of 31.65% over the past week. The cryptocurrency currently trades at a price of around $7.27 as it currently holds an $821 million market cap value - putting it in 16th...

Ethereum Classic is the Only Green Spot as BTC Dives Below USD 10K

3 weeks ago 1 minute read Cryptonewscom $0.12 tipped

While nearly all the coins in the top 100 in terms of market capitalization are in red today, Ethereum Classic (ETC) remained the only green spot among the top 20 largest tokens on Wednesday. Its 24-hour gains fluctuated from 12% to less than 1% and...

There is a trading opportunity to buy in ETCETH

13 Aug 2019 1 minute read goldenforex $0.03 tipped

Technical analysis: . EthereumClassic/Ethereum is in a range bound and the beginning of uptrend is expected.. The price is below the 21-Day WEMA which acts as a dynamic resistance.. The RSI is at 41.. While the RSI downtrend and the price downtrend i...

Top Cryptocurrency Projects Part 3: ETC MINEXCOIN PIVX

15 Mar 2019 6 minute read CryptoKeeper $6.53 tipped

FINALLY! This took far too long to get done. People, life can really get in the way of living. I'll give you a minute to contemplate that. In part 1 and part 2 of this series I examined Tron, Horizen, Pirl, Ethergem, Callisto, and Dash. In part 3 I'm...

ETC Decides To Complement BTC In Executing Smart Contracts

1 week ago 1 minute read razeiv $0.00 tipped

As per @eth_classic official Ethereum classic twitter account, ETC will be used as a base layer system for other chains (ETH 2.0) to procure security & monetary policy services. ETC will complement Bitcoin in storing and executing smart contracts in...