Ethereum Classic
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- Worldcoin’s biometric gamble is a privacy time bombCointelegraph.com News – 9 minutes agoThe privacy and security risks of biometric IDs demand builders consider modular privacy applications or face real-world vulnerabilities. Opinion by Ankur Rakhi Sinha, co-founder and…
- Justin Sun paid $6M for a banana taped to a wall and now plans to eat itCointelegraph.com News – 1 hour agoThe artwork consists of a regular store-bought banana stuck to a wall with duct tape. It sold in New York for four times the estimated…
- Coinbase scammer claims to earn 5 figures a week targeting crypto CEOsCointelegraph.com News – 1 hour ago“We’re hitting CEOs, CFOs, software engineers,” a brazen scammer told Casa CEO Nick Neuman: “We don’t call poor people.” Crypto phishing scammers are apparently earning…
- DeFi, gaming will be ‘most positively affected’ by Trump: Sky MavisCointelegraph.com News – 1 hour agoJeffrey Zirlin says the election of Donald Trump will take regulatory pressure off the “token design” and allow for radical new kinds of innovation. Blockchain…
- US charges 5 crypto hackers in $11M scheme linked to ‘Scattered Spider’Cointelegraph.com News – 3 hours agoThe US has laid charges against a group accused of a hacking spree, with one alleged victim being robbed of over $6.3 million worth of…
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.
