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.

Ethereum Classic Labs will support UNICEF innovative projects.

8 hours ago 1 minute read alberdioni8406 $0.21 tipped

The Ethereum classic labs will support Blockchain based programs and UNICEF innovative projects with an estimate amount of $1 Million. The ETC Labs will be responsable to look for Investments that will support the UNICEF programs and will give direct...

Grayscale Investments Becomes Crypo's First SEC Reporting Company & Will Support ETC Development; ALGO, HBAR, XTZ, AGI, MATIC

14 hours ago 1 minute read Aware1 $0.12 tipped

  Grayscale Investments, which operates the Grayscale Bitcoin Trust, just became the first crypto company to be a registered SEC reporting company. This is big news for the crypto space and investing world. They have also announced that they will fu...

ETC-ETH reunion under ETH2.0 beacon chain is possible says Vitalik Buterin

1 day ago 1 minute read $0.14 tipped

Ethereum’s co-founder Vitalik Buterin says that the merger of Ethereum Classics (ETC) into the Ethereum 2.0 shard is technically possible. According to him, the reunion of Ethereum (ETH) and Ethereum Classics (ETC) under the Ethereum 2.0 beacon chain...

Institutional Adoption News: Grayscale Bitcoin Trust Becomes SEC Reporting Company

1 day ago 1 minute read zogintl $0.17 tipped

Today the Digital asset space has taken another step in its legitimacy among institutional investors. OVERVIEW:  Grayscale Investments , the world’s largest digital currency asset manager and sponsor of Grayscale® Bitcoin Trust* (OTCQX: GBTC) (the “...

In the TOP TEN: Ethereum Classic incredible breakout smashes above the $10 stubborn resistance.

5 days ago 1 minute read zogintl $0.11 tipped

Ethereum Classic finally smashed above the resistance at $10, forming a high at $10.78. The technicals and fundamentals remain positive in addition to the strong bullish trend and high volatility. ETC/USD is trading 36% higher on the day , besides th...

Ethereum and Ethereum Classic: Compatibility Between Two Chains

3 weeks ago 2 minute read M87 $3.61 tipped

Ethereum (ETH) was the first to introduce smart contracts on the blockchain and has evolved ever since. Now we may soon see the Ethereum blockchain work with its long lost relative, Ethereum Classic. A Brief History On July 30, 2015, the Ethereum blo...

Ethereum Classic Wallet 2020

17 Dec 2019 2 minute read ChangeNOW $1.98 tipped

Ethereum Classic has been around here for a pretty long time. Since the day of the hard fork when the single Ethereum chain was split in two, Ethereum Classic, the second, lesser network, was trying to become something bigger than just a fork. Many t...

Is Ethereum Classic (ETC) a Good Investment?

10 Dec 2019 6 minute read CryptoBoomer $8.32 tipped

Hard forks occur every now and then, and they bring with some vitriol and shouting matches. A hard fork is a pretty big deal for every blockchain network, as it means permanent change and, sometimes, dissension.  There have been few incidents more co...

Ethereum Classic- A Compelling Investment Opportunity During Altcoin Winter

10 Oct 2019 1 minute read Wstanley224 $1.90 tipped

  Ethereum Classic (ETC) is a cryptocurrency that has faced scrutiny since its inception. It is a mid-cap cryptocurrency that has an evolving use case and has the potential to take up the slack that Ethereum cannot handle currently. Ethereum Classic...

Why ETH(both versions etc/eth) are fail coins.

9 Oct 2019 2 minute read Hippos4ever $0.14 tipped

ethereum, many of you in the crypto space (especially new comers) know this as currency number two by market cap. Quickly after it’s inception it surpassed litecoin as bitcoin’s silver and has been side by side it on charts ever sense. And within the...