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Tag Archives: Classic

Ethereum Classic Fork Successful | “Difficulty Bomb” Diffused

With the success of the Ethereum Classic fork, what’s next for ETC? Ethereum Classic Fork: What Happened? The Ethereum Classic fork was completed to diffuse the so-called “difficulty bomb” that was coded into the Ethereum code. This code basically causes Ethereum mining to become more difficult once it switches to its new consensus algorithm. The fork was necessary for a couple ...

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Ethereum Classic Investment Trust (ETCG) Trading at 300% Premium

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The Ethereum Classic Investment Trust (OTC: ETCG) is currently trading at a premium of more than 300 percent over the value of the fund’s underlying assets. The fund, a product of Grayscale Investments, provides investors with exposure to ethereum classic (ETC) by holding the cryptocurrency on their ...

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Ethereum Classic Defuses “Difficulty Bomb” in Hard Fork

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Ethereum Classic has announced the success of defusing the “difficulty bomb” that was found in the network code which was set to render mining unprofitable. Ethereum Classic forked from Ethereum in 2016 over a disagreement surrounding the loss of funds following the hack which compromised the DAO, ...

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Ethereum Classic Upgrades Network Protocol to Ensure Mining Remains Viable

Ethereum Classic (ETC) has now successfully implemented a protocol upgrade that will ensure that mining remains viable in future, according to ETC Block Explorer data yesterday, May 29. The fork, dubbed ECIP-1041, has removed the so-called “Difficulty Bomb” feature from the ETC network at block 5,900,000. The ‘bomb’ was a component of the original Ethereum (ETH) code that was designed ...

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Ethereum Classic Price Analysis: ETC/USD Could Revisit $12

Key Highlights Ethereum classic price is under pressure below the $15.00 pivot level against the US dollar. There was a break below a key bullish trend line with support at $15.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently trading near $14.15 and it may extend the decline towards the $12.00 level. ...

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Ethereum Classic 51% Attack Would Cost Just $55 Mln, Result in $1 Bln Profit: Research

A Brazilian researcher has calculated that it could take just $55 mln to hack a major cryptocurrency network for $1bln profit in new findings, TNW reports Friday, May 22. Husam Abboud of FECAP University in São Paulo used the example of Ethereum Classic (ETC) to demonstrate the hackability of cryptocurrency networks using Proof-of-Work (PoW) algorithms. “We can safely estimate The ...

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Ethereum Classic Price Analysis: ETC/USD Consolidating Near $15

Key Highlights Ethereum classic price declined and traded close to the $14.20 support level against the US dollar. There is a major bearish trend line forming with resistance at $15.80 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently correcting higher towards the $15.50 and $15.80 resistance levels. Ethereum classic price moved into ...

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Ethereum Classic Labs Officially Launched!

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. At ...

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