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.


Cryptocurrencies To Watch This Week Along With Curious Facts

29 Jan 2024 2 minute read 0 comments Rubikkav

Solana System For a brief second, and as It reported The Block, it seemed like the hype on Solana was beginning to die down. The 7-day moving average of active addresses dropped from over 981k at the end of December down to 580k this month, but it h...

The Crypto Domino Effect

20 Jan 2024 3 minute read 0 comments Callisto Network

After Ethereum & Classic’s Rally: Callisto’s Turn to Shine? The crypto market often behaves like an echo chamber, where the success of one resonates through others. Recently, Ethereum’s price surged by 25%, followed closely by Ethereum Classic’s 50%...

Moonlight Protocol: Illuminating the Crypto World

27 Nov 2023 4 minute read 0 comments Callisto Network

Ethereum Classic’s Lost Opportunity Like a shooting star in the digital midnight, the Moonlight protocol is making its way through the blockchain universe, illuminating it with a glow of innovation. Initially designed for Ethereum Classic, the proto...

Can LUNC Follow ETC? - Relatable Possibilities? Nothing is 100%

25 Nov 2023 4 minute read 4 comments Beta Syndicate

Unraveling the Potential: Luna Classic's Journey and Parallels with Ethereum Classic If you've been around blockchain technology long enough, you're already well aware that forks are not that uncommon. They often mark a divergence in the community's...

No One Is Noticing This Massive Price Reversal Setup Of Ethereum Classic (ETC)

3 Oct 2023 1 minute read 0 comments moon333

Hi friends hope you are well and welcome to the new update on Ethereum Classic (ETC). Before starting the analysis of ETC, I would like to share with you my most recent trade signal for Ethereum Classic, which I shared on 21st Sep 2023. That was a ha...

Ethereum, the Hard Fork, Ethereum Classic, and the emergence of Callisto Network.

5 Aug 2023 1 minute read 0 comments Callisto Network

On 20 July 2016, the Ethereum network hard fork took place and gave birth to Ethereum Classic. As a decentralized project, Ethereum Classic relies on several development teams. One of these was the Ethereum Commonwealth, founded by the iconic Dexaran...

Why I believe ethereum classic is the future...

4 Aug 2023 1 minute read 1 comment vikingzs

Ethereum classics market has been fondly respected by its users and people who invests in the projects like ethereum the reason for its success is actually pretty reasonable, as many believe the core component of the blockchain makes it valuable and...

Building Your Crypto Empire: 5 Ethereum, 500 Ethereum Classic, and 500,000 Callisto Network

31 Jul 2023 6 minute read 0 comments Callisto Network

Introduction: The Importance of a Solid Investment Strategy Diving into the expansive world of cryptocurrencies, many are drawn in by its vast potential for returns. It’s a landscape like no other, offering opportunities that traditional markets don’...

Opening Callisto Network

6 Apr 2023 3 minute read 0 comments Callisto Network

Sometimes you have to remodel a house to expose its real value. To that end, we continue to remodel Callisto Network to expose the hidden value and to bring about even greater renovation and innovation. We’re doing this through two new changes taking...

Ethereum Classic The OG Proof of Work Blockchain

6 Mar 2023 2 minute read 0 comments blogger

Ethereum Classic is a decentralized, open-source blockchain platform that operates on the same principles as Ethereum. Ethereum Classic uses the Proof of Work (PoW) consensus algorithm to validate transactions on its blockchain. In this article, we w...