On September 12-13 The Blockchain – powered Ethereum Classic (ETC) sheds in value over -0.54%

International Cryptocoin Experts believe that Ethereum Classic (ETC) is … The highest price was $6.38 and lowest of $6.121 for September 12-13.

It was bad day for Ethereum Classic (ETC), as it declined by $-0.0339999999999998 or -0.54%, touching $6.205. International Cryptocoin Experts believe that Ethereum Classic (ETC) is looking for the $6.8255 goal. According to 5 analysts could reach $13.5809335241262. The highest price was $6.38 and lowest of $6.121 for September 12-13. The open was $6.239. It last traded at Coinbase exchange. Aproximately 254,968 ETC worth $1.60 million was traded.

For a month, Ethereum Classic (ETC) tokens went up 11.02% from $5.589 for coin. For 100 days ETC is down -24.05% from $8.17. It traded at $4.37 200 days ago. Ethereum Classic (ETC) has 113.43 million coins mined with the market cap $703.83 million. It has 210.00 million coins in circulation. It was founded on 23/07/2016. The Crypto ETC has PoW proof type and operates under Ethash algorithm.

Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.

The Ethereum Classic mission statement is:

“We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can’t shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted – by anyone.

Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/

In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.

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With ETH 2.0 To Be Launched Soon, Where’s Ethereum Classic At

Ethereum has big plans to address scaling issues, a transition to Proof-of-Stake, and essentially upgrade to ETH 2.0. Meanwhile, the often-overlooked …
ethereum classic could replace ETH 1.0Ethereum

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Emilio Janus| Sep 12, 2019 | 17:30


Ethereum has big plans to address scaling issues, a transition to Proof-of-Stake, and essentially upgrade to ETH 2.0. Meanwhile, the often-overlooked Ethereum Classic appears to have big plans of its own, like perhaps taking over from ETH 1.0. Some have even suggested that this was the plan from the start.


From The Domain Of Ethereum Purists…

Ethereum Classic emerged in 2016 following a contentious hard fork of the ETH network. The forking majority supported a rollback of the Ethereum blockchain, to reverse the damage done by a major hack on the DAO project.

A minority of purists opposed this rollback as being against everything that blockchain immutability stood for. Thus, Ethereum Classic was born, building on the original blockchain.

And there it might have stayed, as a curio, existing for conservative blockchainers and die-hard Ethereum purists. If that is, ETH hadn’t since undergone so much development as to change beyond recognition.

To Flavour Of The Month?

The roadmap to ETH 2.0 was unveiled exactly a year ago, bringing ‘advances’ such as sharding and a transition to Proof-of-Stake.

Meanwhile, Ethereum Classic developers have been slowly implementing the upgrades which will take the cryptocurrency to the pre-ETH 2.0 state. Whilst the ETH 2.0 upgrade is likely to make its own version of ETH 1.0 redundant, Ethereum Classic is positioning itself to step into the gap.

Some think ETC might even seek to remerge the chains and keep all of the Decentralised Finance (DeFi) apps alive. This might not be as outlandish a suggestion as it seems.

In addition, Binance has certainly thrown some weight behind Ethereum Classic in recent weeks, as ETC has been present in all three phases of its crypto-lending product.

One satirical observer even suggested that this had been the plan from the start, and the DAO hack was an inside job to deliberately create a ‘conservative’ backup version of the ‘progressive’ ETH 2.0?

Okay, so it was clearly a joke, but us crypto-kids do love a good conspiracy theory.

What does the future hold for Ethereum Classic? Let us know in the comments below.


Images via Shutterstock

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Ethereum Classic Completed its Atlantis Hard Fork

As a reminder, Ethereum Classic was created after a hard fork of the … with ETH, to minimize costs for developers building dapps on both systems”.
Ethereum Classic Completed its Atlantis Hard Fork 101
Source: Ethereum Classic Labs

Today, one of the major blockchains, Ethereum Classic (ETC), hard forked at block height 8,772,000 as scheduled, implementing new upgrades to the blockchain.

As a reminder, Ethereum Classic was created after a hard fork of the original Ethereum blockchain in 2016. This Atlantis update adopts Ethereum’s Byzantium and Spurious Dragon protocol upgrades on ETC.

This major upgrade is a way to increase the functionality and stability of ETC, which suffered a 51% attack back in January. Another goal is to increase the interoperability with the Ethereum blockchain, so to promote collaboration between the two blockchains.

Prior to the hard fork, the ETC official website urged people to update their nodes if they were running any.

Ethereum Classic Community is Ready for the Atlantis Hard Fork https://t.co/sUuwJK6JXE

— Ethereum Classic (@eth_classic) September 12, 2019

At pixel time (15:18 UTC), the 17th coin by market capitalization trades at c. USD 6.33 and is up by almost 1% in the past 24 hours, but is down by 9% in the past week, trimming its monthly gains to less than 9%.

Watch the latest reports by Block TV.

ETC price chart:

Ethereum Classic Completed its Atlantis Hard Fork 102
Source: coinpaprika.com

As Cryptonews.com previously reported, this hard fork is actually a part of a series of upcoming upgrades, which also include Agharta and Atzlán. The former may be projected for the end of 2019, and the latter for 2020. Donald McIntyre, developer from ETCDEV team, said that these updates are done “to make ETC compatible with ETH, to minimize costs for developers building dapps on both systems”.

The results of Atlantis fork will be reviewed at the ETC Summit, scheduled for the beginning of October, but also ETC’s current status and future are going to be discussed.

In the meantime, exchanges such as Coinbase, Poloniex, Binance, Bittrex, Kraken, Shapeshift, and OKEx are updated for support and compatibility for the Atlantis hard fork.

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Ethereum Classic Successfully Executes ‘Atlantis’ Hard Fork

Ethereum classic has successfully enacted a system-wide software upgrade as part of a bid to increase its interoperability with ethereum, the …

Ethereum classic has successfully enacted a system-wide software upgrade as part of a bid to increase its interoperability with ethereum, the blockchain that split off from its codebase in 2016

Dubbed “Atlantis,” the hard fork requires all software users to upgrade their clients in order to stay within the rules of the network. According to a release by ethereum classic startup Ethereum Classic Labs, 10 Ethereum Improvement Proposals (EIPs) were included in Atlantis to improve stability and performance and add opcodes, precompiled contracts, zk-SNARKs and enhanced security.

“And we are on Atlantis. Congratulations, everyone,” said hard fork coordinator Afri Schoedon during a public call, while ETC Cooperative director of developer relations Yaz Khoury said on Twitter that this fork saw “one of the longest debates to reach consensus along with a lot of the immutability politics.” He added:

“Learned a lot about the beauty of decentralization and a distributed community.”

Previously slated for this summer, Atlantis was postponed over disagreements, particularly over EIP 170.

No single actor coordinated the hard fork. Rather, ETC Labs worked with Chainsafe System and ETC Cooperative, among other community members, on the hard fork.

As of earlier this week, some 60 percent of nodes and over 75 percent of hashing power had confirmed the upgrade. Major exchanges Coinbase, Poloniex, Binance, Bittrex, Kraken, Shapeshift and OKEx confirmed with ETC Labs that they have updated their software to support Atlantis.

Speaking with CoinDesk, ETC Lab’s CEO Terry Culver said Atlantis signals a desire to work with ethereum. Many of Atlantis’ EIPs have been on ethereum for years and should allow for more crossover between the platforms, especially for dapps.

“The hard fork clearly shows we are committed to compatibly and working with ethereum,” Culver said. “What we would like to do is find ways to make the two chains support one another.”

Ethereum is 2016 hard fork of ethereum classic following The DAO, a hacked funding mechanism causing a rift in the cryptocurrencies community. The projects remain separate, Culver told CoinDesk, but they still share many of the same goals.

While the hard fork was postponed, the process wasn’t contentious, Culver said, adding:

“We believe in the strength of the public blockchain. It’s really built on the strength for the community.”

In the hours leading up to the hard fork, Digital Currency Group founder and CEO Barry Silbert dropped into a public Discord group for the ethereum classic community, joking that he was “looking forward to getting [his] Ethereum Classic Atlantis coins.”

After the hard fork, he added, “Nice work everybody.”

Ethereum classic image via Shutterstock

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On September 9-10 analysts noticed Ethereum Classic (ETC) rise by 1.87%

Ethereum Classic (ETC) had a good 24 hours as the crypto jumped $0.122 … Our block explorer data: total coins supply, total network hash rate, last …

Ethereum Classic (ETC) had a good 24 hours as the crypto jumped $0.122 or 1.87% trading at $6.646. According to Crypto Experts, Ethereum Classic (ETC) eyes $7.3106 target on the road to $14.4414791600925. ETC last traded at Coinbase exchange. It had high of $6.806 and low of $6.378 for September 9-10. The open was $6.524. About 263,416 ETC worth $1.74M traded hands.

Ethereum Classic (ETC) is up 13.76% in the last 30 days from $5.842 per coin. Its down -30.34% in the last 100 days since when traded at $9.54 and the annual trend is up. 200 days ago ETC traded at $4.77. Ethereum Classic maximum coins available are 210.00 million. ETC uses Ethash algorithm and PoW proof type. It was started on 23/07/2016.

Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.

The Ethereum Classic mission statement is:

“We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can’t shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted – by anyone.

Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/

In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.

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