Most of the top 20 cryptocurrencies are reporting slight to noteworthy gains, Bitcoin stays stable around $3,400.
Ethereum Classic News
Ethereum Classic is an open-sourced Blockchain-based platform that enables smart-contracts and has a Turing-complete programming language. Ethereum Classic came to existence after Ethereum hard fork that took place in 2016 after The DAO collapse.
The Ethereum Classic is the original Ethereum Blockchain supported by the people who believed in the core principles of Ethereum like the immutability of Blockchain and “code is law.” They denied the necessity of a hard fork to fix the damage after someone exploited The DAO vulnerabilities.
As the original Ethereum, ETC provides smart-contracts and a development platform. It also provides the Emerald Software Developer Kit: a toolkit, unique to ETC, made for building DAPPS (decentralized applications). The ETC team aims to use its product in the Internet of Things to provide machine-to-machine communication.
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by Aaron Wood
A developer at blockchain tech company ConsenSys has joined the Ethereum Classic Cooperative as its executive director.
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The top 20 cryptocurrencies are reporting mostly moderate gains, with Bitcoin falling under $3,500 again.
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The top 20 cryptocurrencies report discreet price action in mixed directions, with Bitcoin hovering under $3,600.
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Chinese exchange ZB.com saw an 80 percent surge in 24-hour traded volume to seal top exchange ranking on CoinMarketCap, surpassing Binance.
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The new team at ETC Labs will focus on core ETC projects, including support of ETC blockchain and tools for decentralized application development.
- Hodler’s Digest
The network of altcoin Ethereum Classic undergoes a 51 percent attack, and Fortnite removes Monero from their merch store.
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The Ethereum Classic 51 percent attacker reportedly returned $100.000 to cryptocurrency exchange Gate.io.
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After a major price rout yesterday, many cryptocurrencies are today clawing back lost ground, with most of the major coins tipping back into the green.
- Follow up
A successful 51 percent attack on the Ethereum Classic blockchain has raised some big questions around smaller cryptocurrencies using proof-of-work algorithms.
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Researchers from crypto exchange Gate.io report they have confirmed that a 51 percent attack did in fact occur on the Ethereum Classic blockchain.
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Crypto markets are continuing to show mixed signals, with most of the top market cap coins seeing mild changes both red and green.
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Litecoin creator Charlie Lee has suggested that a decentralized cryptocurrency is by definition exposed to 51 percent attacks, otherwise it is centralized.
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by Ana Berman
Coinbase has increased the amount of ETC that was allegedly double spent following a 51 percent attack.
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Ethereum Classic devs report that what some are calling an ongoing 51% attack on the ETC network actually may be the testing of 1,400/Mh ethash machines.
Editor’s Choice
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- SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF
- Major Japanese Trading Firm Marubeni Partners with US Blockchain Company LO3 Energy
- Elon Musk: Bitcoin Has ‘Quite Brilliant’ Structure, Paper Money is Going Away
- Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 18