Ethereum Classic
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- New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia ExpressCointelegraph.com News – 2 hours ago9GAG founder’s new “MemeStrategy” firm will buy Bitcoin for reserves, jailed Bithumb CEO paid $3.5M in salary and bonuses. Asia Express The creator of meme…
- EigenLayer to begin 'slashing' restakers in AprilCointelegraph.com News – 2 hours agoIt is the protocol’s final step toward a complete implementation of its restaking model. EigenLayer plans to start “slashing” restakers on April 17, resulting in…
- Gemini to open Miami office after judge stays SEC caseCointelegraph.com News – 2 hours agoThe crypto exchange will reportedly be located in the same Wynwood neighborhood as Ripple Labs’ Miami operation. The cryptocurrency exchange Gemini, backed by Cameron and…
- XRP holds $2 support as chart pattern hints at 73% gainCointelegraph.com News – 3 hours agoA bullish chart pattern, investors’ hope for XRP widescale adoption, and Ripple’s aim to integrate its stablecoin into traditional finance have analysts projecting a rally…
- How to sell crypto via MetaMask: A beginner’s guide to cashing outCointelegraph.com News – 3 hours agoTo sell crypto via your MetaMask wallet, you need to be aware of swapping, bridging and using fiat off-ramps to convert your crypto into fiat.…
What is Ethereum Classic?
Ethereum Classic (ETC) is a hard fork from Ethereum, initially developed as a response from a hack which took US$50 million in Ether from The DAO, an autonomous organization running a crowdfund to build open-source decentralized business models based on the Ethereum. An expressive group within the community aligned to pull off a fork which would roll back the chain to the state it was before the hacks happened, resulting in ETC.
IOHK, the group responsible for Cardano, is also one of the main ayers behind ETC.
Ethereum Classic and Ethereum, today, are similar platforms but with different futures ahead. ETC won’t enjoy the same updates of Ethereum, such as the Casper protocol, but can as well be benefited by different enhancements by their new developers.
