News
Ethereum Classic is using an idea Vitalik Buterin had in 2014 to help fend off 51% attackers.
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Ethereum Classic News
Ethereum Classic is a blockchain-based smart contract platform for powering decentralized applications, or DApps.
This blockchain and its native cryptocurrency, ETC, are the result of a split in the Ethereum network following the infamous DAO hack of July 2016, in which an attacker compromised 3.6 million Ether (ETH) — one of the largest hacks in history — creating a rift in the Ethereum community on how to respond: accept the hack had happened and fully commit to the ethos of censorship-resistance and immutability, or gauge community sentiment informally and save the funds through a hard fork. Supporters of the first option maintained the legacy chain and transaction record after the fork, resulting in Ethereum Classic.
While the network is cross-compatible with Ethereum applications, with shared architecture and programming language support, the network later adapted a completely new monetary policy and design roadmap from its progenitor. In March 2017, Ethereum Classic adopted a fixed supply cap and ETC issuance rate more similar to Bitcoin than Ethereum. The network has also committed to proof-of-work consensus in contrast to Ethereum’s long-planned transition to proof-of-stake.
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The quest to protect Ethereum Classic continues.
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Game theory suggests ways for Ethereum Classic to deter double-spend assaults, say MIT researchers.
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Regulatory compliance requirements are becoming increasingly important.
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Would any well-intended miner propose a deep chain reorganization?
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Will Ethereum Classic's community accept this new solution from Charles Hoskinson's IOHK?
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Enacting such legislation effectively could be a major challenge, however.
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Would a 20% block reward reduction matter in the long run?
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Major changes could be coming to the network.
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Multiple Ethereum Classic blockchain attacks leave significant discussions on what actually happened.
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ETC’s bad month isn’t over yet.
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It’s a clash of the crypto titans.
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ETC quickly sidelines an interesting offer from Charles Hoskinson.
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After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate.
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Despite suffering its second 51% in a week, and major exchanges disabling deposit, withdrawal, and some trading services, Ethereum Classic is up 2% over yesterday.
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