Published On: Sun, Jul 24th, 2016

Ethereum Classic Jumps Into Top 10 Altcoins In Less Than a Day

Share This

The  Ethereum Hard-Fork has been a highly divisive event on the cryptocurrency landscape. The hard fork, along with a rescue soft-fork in the weeks prior, has been a godsend to those who invested in The DAO, a smart contract built on Ethereum that ended in one of the most catastrophic implosions in Crypto history. With 12% of the extant Eth tied up in the DAO, The majority of Ethereum hashpower decided to hard-fork to refund DAO investors their money and ‘start fresh.’
Read also: Ethereum Hard Fork Update Finally Arrives
Dissent Spawns Ethereum Classic
The methods taken to enact this change on the Ethereum blockchain dissatisfied many, however, and a not insignificant portion of people involved in Ethereum saw this as a bailout, and a unilateral, censorial action on the part of Vitalik Buterin and his group of developers. This dissatisfaction Spawned Ethereum Classic, an alternative Ethereum implementation that acts as though the hard fork never happened, alternate blockchain and all.
Those who follow Crypto events closely probably aren’t surprised by this development, but there’s a unique twist to this split. Ethereum Classic, (ETC) is being actively traded. It’s been picked …

Read more –> click here all content is copyright Bitcoinist.

Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..

Powered by ABITCO.IN

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Most Popular Posts

ALL Bitcoin News

Like what you’re reading?

Never miss any breaking Bitcoin news by following us on Facebook and Twitter!