Ethereum Classic
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- Bitcoin price rising wedge breakdown: How low can BTC go?Cointelegraph.com News – 3 minutes agoMultiple technical indicators and recent whale activity raise Bitcoin’s odds of declining below $100,00 in the coming weeks. Key takeaways:Bitcoin risks a deeper correction toward…
- Hong Kong warns of fraud risk after new stablecoin rulesCointelegraph.com News – 38 minutes agoA Hong Kong SFC official warned that the new local stablecoin framework has fueled fraud risks, and urged investors to remain cautious amid hype-driven speculation.…
- Dip buyers ‘stopped the train,' 5 things to know in Bitcoin this weekCointelegraph.com News – 42 minutes agoBitcoin no longer has promising odds of a breakout in coming days as opinions differ on what caused the BTC price dip and what will…
- NFT market cap drops by $1.2B as Ether rally loses steamCointelegraph.com News – 1 hour agoThe NFT market cap dropped 12% to $8.1 billion as Ether fell, with CryptoPunks and Bored Apes sliding while Pudgy Penguins climbed into second place.…
- Ether ETFs smash records as crypto products see $3.75B inflowsCointelegraph.com News – 1 hour agoEther continued dominating ETP inflows last week despite Bitcoin printing new highs above $124,000 and ETH only nearing all-time highs. Cryptocurrency investment products saw another…
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.
