The Ethereum Classic was primarily designed to increase difficulties in mining its blockchain over a period of time. The hard fork was a result of a difference in ideologies. Ethereum classic change difficult. The split occurred in after a decentralized pooling fund – called a Decentralized Autonomous Organization ( DAO) – that as built on Ethereum was hacked. The people who were “ Anti- Hard Fork” refused to change to the new blockchain decided to remain in the old blockchain naming it “ Ethereum Classic” “ ETC. Ethereum classic change difficult. Ethereum Classic was a slow mover for a long time.
Ethereum Classic [ ETC] Hard Fork Defuses ‘ Difficulty Bomb’. ” this is where we come to the battle that is raging on in the Ethereum community as we speak, the battle between ETC ETH. The project is basically the continuation of the original fact, Ethereum Classic is a hard fork of Ethereum resulted after the DAO hack. Ethereum Classic was born as a hard fork of the original ethereum codebase that led to the creation of two parallel co- existing blockchain networks called ethereum and Ethereum Classic.
The Ethereum Classic Difficulty Bomb has been eliminated successfully, this was claimed by the developers of the world’ s 17th largest blockchain. Speculates that while difficult.
Ethereum Classic forked from Ethereum in over a disagreement surrounding the loss of funds following the hack which compromised the DAO, a smart- contract funding project. It was announced in statements published last week that the project’ s development and mining community is committing to a change in its monetary policy by December of this year. Jan 09 · The latest news of an anonymous 51% hack on Ethereum' s little brother - Ethereum Classic has divided the expert community in terms of what could happen next.
Sure some people are still badmouthing about this coin which is the actual history of Ethereum. Some were burnt badly if they didn’ t have the needed HODL- balls, but now it is time for a return. Without a doubt, Ethereum Classic has one of the most interesting stories in the whole cryptosphere.