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.

Opinion
A wave of events five years ago formed the reality of the crypto industry, but did we really make proper conclusions?
Takeaways: 5 years after The DAO crisis and Ethereum hard fork
Oleksii Konashevych
2021-07-17T16:14:00+01:00
9745
Markets News
Bitcoin and Ethereum were the center of attention in Q1 but data shows DOGE, ETC and MATIC were the top performers of Q2.
Triple-digit gains make Dogecoin and Ethereum Classic the top performers of Q2
Jordan Finneseth
2021-07-15T00:00:00+01:00
50548
Altcoin Watch
The gains also appear amid an overall crypto market recovery following Bitcoin’s sharp rebound from $30,000 support.
Ethereum Classic price has nearly doubled days after Digital Currency Group’s $50M bet
Yashu Gola
2021-06-30T12:43:40+01:00
58187
News
Ethereum Classic gets a major upgrade in July. Here’s how it will save users on gas fees.
Ethereum Classic devs announce upcoming hard fork
Wes Messamore
2021-06-28T19:45:56+01:00
73749
Market Analysis
Elon Musk doesn't have a monopoly on Twitter chatter, as these five cryptocurrency flavors-of-the-month proved in May.
Beyond Dogecoin: The 5 hottest cryptocurrencies on Twitter this month
Kirill Bryanov
2021-06-01T16:26:23+01:00
86447
Market Analysis
Trading volume in crypto markets can be a key indicator of price volatility — but is there a direct correlation that traders can use to help inform their invest...
Pumped up by volume? 5 crypto assets that traders loved this month (and their prices)
Kirill Bryanov
2021-05-27T18:31:22+01:00
23889
Altcoin Watch
The "original" Ethereum, despite its security issues, beats ETH as it ascends to USD levels never seen before.
Ethereum Classic gains 300% in one week as traders rush to buy the 'wrong Ethereum'
William Suberg
2021-05-07T08:45:36+01:00
79875
Market Update
EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.
Altcoins rally as bulls pile into large-cap tokens and layer-1 projects
Jordan Finneseth
2021-05-06T23:04:39+01:00
49701

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