Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale during July–August 2014. The system went live on 30 July 2015. In 2016 Ethereum was forked into two blockchains, as a result of the collapse of The DAO project, thereby creating Ethereum Classic.
Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.
The Ethereum Classic mission statement is:
"We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone."
Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/
In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.
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Ethereum is the top public blockchain in the cryptocurrency space, while that of bitcoin, the original virtual currency, is ranked 13th, according to the Chinese government's first monthly Global Public Chain Assessment Index released on Thursday.
Ethereum, the world's second-largest cryptocurrency, jumped 1.45 percent on Monday. The blockchain-based token is set to soar to move past Bitcoin and reach even higher value, buoyed by the likes of CryptoKitties and other online ventures that use the token.
The uptake of blockchain technology is only as effective as the tools that are available. But, if there's one thing for certain, it's that the scalability issue needs to be addressed and an offchain platform like Liquidity.Network has the potential to be that solution.
The Gemini exchange has confirmed that is soon to introduce trading for four new cryptocurrencies. The platform, owned by the Winklevoss Twins, announced it will begin taking deposits in Zcash from May 19. The Gemini exchange will extend trading to Bitcoin Cash, Litecoin, and Ethereum Classic at a later date.
Ethereum (CURRENCY:ETH) traded 8.9% lower against the US dollar during the 1-day period ending at 3:00 AM Eastern on April 27th. One Ethereum coin can currently be purchased for about $654.85 or 0.07862710 BTC on popular exchanges including Kraken, Coinroom, Lbank and Exmo. Ethereum has a market cap of $65.08 billion and approximately $3.26 billion […]
Ethereum Classic (ETC) is one of the hard forks of Ethereum (ETH) and has been able to increase by 58.91% from April 9, 2018, to May 8, 2018, when its value opened at $14.14 and closed at $22.47. Within this duration, trading volume has also increased by 173%, moving from 94,279,200 to 257,407,000.
Ethereum Classic does not have a Facebook page for review.
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