Ethereum Classic
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- Coinbase faces lawsuit over alleged breaches of Illinois biometric privacy lawCointelegraph.com News – 10 minutes agoCoinbase users claimed the exchange failed to notify them about the collection, storage, sharing and retention schedule of their biometric data. A group of Coinbase…
- Bitcoin notches record weekly close after highest-ever daily close candleCointelegraph.com News – 1 hour agoBitcoin came just shy of $106,500 in its highest-ever weekly close, bringing the original cryptocurrency less than 3% away from its all-time high. Bitcoin has…
- Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hackCointelegraph.com News – 2 hours agoThe Australian Federal Police said it seized nearly 25 Bitcoin, a waterfront mansion and a Mercedes-Benz car it claimed could be tied to a 2013…
- Russia arrests Blum co-founder Vladimir Smerkis on fraud chargesCointelegraph.com News – 4 hours agoThe co-founder of Telegram-based crypto project Blum, Vladimir Smerkis, is in custody in Moscow over accusations that he committed large-scale fraud, TASS reports. Vladimir Smerkis,…
- Bitcoin impulse move toward new highs sets a fire under HYPE, ETH, XMR and AAVECointelegraph.com News – 5 hours agoBitcoin’s weekend breakout above $105,000 has bulls hopeful for new all-time highs at some point this week. Which altcoins will follow? Key points:Bitcoin’s rally to…
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.
