Ethereum Classic (ETC) News, Price Predictions, Opinions and Analyses Created by Users

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.


Etherium Gas Fee

17 Sep 2020 1 minute read 1 comment Dr.Mubasher Mahdi

Ethereum is the second largest cryptocurrency platform by market capitalization after Bitcoin. It was generated as a reward of computations performed to secure blockchain. It is platform for more than 1800 different  cryptocurrencies including 45 top...

ETHEREUM CLASSIC AND 51% ATTACKS

5 Sep 2020 3 minute read 0 comments Simplify Crypto

Despite being something not so common, it happened with the Ethereum Classic (ETC) twice in the same week (currently there has been another 3 attacks in a month), when a miner got 51% of mining power (hash power) to break into the network and thus cr...

Ethereum Classic was hacked for the third time in a month

31 Aug 2020 1 minute read 1 comment TimTom

The Ethereum Classic block chain was again attacked 51%, this time 7,000 blocks were reorganized. According to Bitfly, another hack occurred on Saturday, August 29th, just weeks after the crypto currency team began developing ways to improve network...

BE CAREFUL! Ethereum Classic: Third 51% attack in a row

31 Aug 2020 1 minute read 0 comments PhoenixDev

On August 15, I already talked about a couple of 51% attacks that Ethereum Classic had experienced. Well, this Saturday Ethereum Classic again experienced another 51% attack, as indicated in this tweet from the Bitfly company. In this attack, more t...

Ethereum Classic (ETC) Suffers Yet Another 51% Attack, The Third This Month Of August.

30 Aug 2020 1 minute read 0 comments LinkStar

Hello, Good day friends. Today I'll discuss about the latest Ethereum Classic (ETC) 51% attack, the third such attack this month which happened yesterday evening and this was after a week ETC Labs, a leading organization behind Ethereum Classic netwo...

A plan to save an exploded cryptocurrency: Ethereum Classic fights for its survival

23 Aug 2020 2 minute read 0 comments NassiroV

Image Source The Ethereum Classic network recently made headlines, following two consecutive 51% attacks that resulted in the loss of the equivalent of $ 7 million. However, it has not said its last word! ETC Labs has just unveiled its plan to secur...

ETC Labs Announces ETC Security Fixes to Fight 51% Attacks

21 Aug 2020 1 minute read 0 comments Abhi K

Blockchain development company ETC Labs has revealed fixes to improve Ethereum Classic’s (ETC) defenses against 51% attack on August 19, following multiple  incidents over the past few weeks that have damaged the network’s reputation. Fix is only a...

OKEx Considering Delisting ETC Because of 51% Attacks

18 Aug 2020 1 minute read 1 comment Abhi K

CoinDesk reported on August 17 that Malta-based cryptocurrency exchange OKEx is considering delisting the Ethereum Classic (ETC) cryptocurrency, after the two recent attacks had resulted in a loss of funds on the exchange. OKEx CEO Jay Hao told Coin...

OKEx could delist Ethereum Classic after 51% attack

15 Aug 2020 1 minute read 0 comments PhoenixDev

ETC 51% Attack On August 1, Ethereum Classic (ETC) suffered two 51% attacks that led the ETC community to question security on the network. In the first attack, OKEx was used to carry out various operations with ETC, although this was no longer valid...

Falling Ethereum Classic Price Successfully Counter-Attacked.

10 Aug 2020 2 minute read 2 comments rah

Friday afternoon saw a significant downward shift in the value of Ethereum Classic (ETC). I guess it should have been expected because most of the currencies I follow were pretty close to the highest I have seen them be since I started trading. So sh...