Ethereum Classic
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- Paraguay deports three undocumented immigrants after crypto mining theft attemptCointelegraph.com News – 2 minutes agoParaguayan law enforcement has deported three undocumented immigrants from China after they were caught breaking into a crypto mining facility attempting to steal machines. Paraguayan…
- Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highsCointelegraph.com News – 1 hour agoBitcoin price consolidation after a powerful double-digit rally is normal. Will the current bull flag confirm and send BTC to new highs? Key takeaways: Traders…
- French crypto entrepreneurs to receive extra security amid recent kidnappings: ReportCointelegraph.com News – 2 hours agoFrench law enforcement will offer crypto entrepreneurs and their families a police emergency line and conduct house visits to ensure their safety amid a recent…
- Tokenization makes investing more accessible — Robinhood execCointelegraph.com News – 3 hours agoThough pitched as improving financial accessibility, data shows that RWA’s current ownership remains concentrated among high net worth participants. Tokenization could open new opportunities for…
- Here’s what happened in crypto todayCointelegraph.com News – 4 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3…
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.
