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This change on Ethereum Classic’s network could ‘make it bigger than Bitcoin and Ethereum’

This change on Ethereum Classic’s network could ‘make it bigger than Bitcoin and Ethereum’

AMBCryptoAMBCrypto17 Jun 2021 | 00:00 am
ECIP 1049 proposal commends switching to SHA 3 (Secure Hash Algorithm 3) to "greatly reduce the chances of bad actors attacking the ETC network." The network has been vulnerable to 51% attacks in the past, and hence, to augment its security, the proposal would pave the way for an improved ecosystem.
Model for an Ethereum and Ethereum Classic Collaboration

Model for an Ethereum and Ethereum Classic Collaboration

Etherplan14 Jun 2021 | 14:52 pm
Ethereum Foundation's Virgil Griffith asked for a list of things ETC could do that would benefit ETC, and I wrote a wishlist of my own. I think the base layer blockchain space will end up in the long run with 3 or 4 leading global chains. The share will be distributed something like this: 1st chain: 50% 2nd: 25% 3rd: 12.50% 4th: 6.25%
Ethereum Classic (ETC) Price Poised for a Surge to $100 - CoinQuora

Ethereum Classic (ETC) Price Poised for a Surge to $100 - CoinQuora

CoinQuora - Latest Cryptocurrency and Blockchain News.CoinQuora - Latest Cryptocurrency and Blockchain News.13 Jun 2021 | 14:46 pm
Ethereum Classic (ETC) looks poised for a surge. Technical indicators show that ETC could go up to $105. The price rise depends on whether ETC manages to breach the $60 resistance level. ETH 2.0 upgrade will help further differentiate ETC from its more popular sister ETH.
Ethereum Classic Price Poised for a Surge! ETC Price to hit $80 Mark this Month!

Ethereum Classic Price Poised for a Surge! ETC Price to hit $80 Mark this Month!

Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideCoinpedia - Fintech & Cryptocurreny News Media| Crypto Guide12 Jun 2021 | 11:57 am
Ethereum Classic is still up 900% on a year-to-year basis. The price has been hovering around the $61 – $72 range. The $60 level is a crucial support level, below which ETC/USD is vulnerable to price plunge. To have any hope of rising back to the $100 market and all-time highs, ETC must hold above the $60
Ethereum Classic announces Magneto upgrade; Will the price react?

Ethereum Classic announces Magneto upgrade; Will the price react?

AMBCryptoAMBCrypto12 Jun 2021 | 00:00 am
ETC is set to implement ECIP-1103 on 21st July. The network upgrade dubbed Magneto will take place at block 13,189,133. It will allow the addition of all the protocol upgrades which were a part of the Berlin update that took place in April. ETC has been among the highest returning tokens this year.
The Ethereum Classic Security Model Explained

The Ethereum Classic Security Model Explained

Etherplan11 Jun 2021 | 15:32 pm
The purpose of the ETC network is to avoid trusted third parties by hosting and maintaining a distributed ledger with money, property, and agreements in a peer-to-peer, fully replicated, global blockchain. The system may be divided in two parts: The deployed operating network, which works in a mechanical way according to a set of objective rules, and the social layer, which is the sum of people who develop and run the network on a global scale.
Ethereum Classic (ETC) To Undergo Magneto Hard-fork around July 21st

Ethereum Classic (ETC) To Undergo Magneto Hard-fork around July 21st

Ethereum World NewsEthereum World News11 Jun 2021 | 07:34 am
Ethereum Classic (ETC) is set to undergo a network upgrade on July 21st. The upgrade, dubbed Magneto, will include ECIP-1103 alongside the Berlin upgrade. ECIP 1103 will pave the way for all the above protocol upgrades to now be added onto the ETC mainnet.
Ethereum Classic Is Only Interesting Because of Its Name

Ethereum Classic Is Only Interesting Because of Its Name

InvestorPlaceInvestorPlace10 Jun 2021 | 20:06 pm
Ethereum Classic (ETC-USD) was born out of a split in the Ethereum community back in 2016. It split off from the main chain after the DAO hack, which caused a major loss of funds. ETC remains a top 25 market cap currency and still retains substantial interest and trading volume. It has developers and has moved in a new strategic direction, further differentiating itself from
Ethereum Classic Magneto Upgrade Announcement

Ethereum Classic Magneto Upgrade Announcement

MediumMedium10 Jun 2021 | 19:31 pm
Ethereum Classic is undergoing a network upgrade code-named Magneto, and specified in ECIP-1103. The protocol changes are activated at a specific block number. All Ethereum Classic clients need to upgrade, otherwise they will be stuck on an incompatible chain following the old rules.
On Bitcoin and Ethereum Classic Transaction Capacity

On Bitcoin and Ethereum Classic Transaction Capacity

Etherplan10 Jun 2021 | 02:27 am
In this article, I compare seven major currencies in the world and their centralized high value RTGS systems with Bitcoin (BTC) and ETC (ETC), as blockchain base layers, independently and combined. Bitcoin individually has higher daily and yearly volume capacity than all systems individually, except Fedwire. ETC and BTC combined have higher yearly annual volume capacity, but lower daily capacity.
Ethereum Classic Cryptocurrency Rises By 13% In The Last 24 Hours

Ethereum Classic Cryptocurrency Rises By 13% In The Last 24 Hours

via.newsvia.news10 Jun 2021 | 01:51 am
Ethereum Classic (ETC-USD) is currently on bullish momentum by 13.40% in the last 24 hours. The cryptocurrency is trading at $62.29 which is 10126.69% above its all-time low of $167.09 at Thursday, 6 May. El Salvador has become the first country in the world to formally adopt Bitcoin as legal tender.
DOGE Price Soars High, ETC Stays Recessive and KISHU Plunges Hard

DOGE Price Soars High, ETC Stays Recessive and KISHU Plunges Hard

Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideCoinpedia - Fintech & Cryptocurreny News Media| Crypto Guide09 Jun 2021 | 14:09 pm
Ethereum Classic price was set off, approaching its nearest low for the past week. However, today the movements had overturned and all set towards an uptrend. In the early hours, the price surged from $51.8 to $57.3, in no time, but fluctuations began and the price knocked down back to $53.5. If the present candle closes with a high, then the price may soar up to $62 in the coming hours.
Ethereum Classic Cryptocurrency Down By 19% In The Last 7 Days

Ethereum Classic Cryptocurrency Down By 19% In The Last 7 Days

via.newsvia.news09 Jun 2021 | 04:51 am
Ethereum Classic (ETC-USD) is currently on bearish momentum by 19.54% in the last 7 days. The cryptocurrency is 67.5% below its all-time high of $167.09 at Thursday, 6 May. It's 5.12% up from its trailing 7 days low of $51.94.
Ethereum Classic Cryptocurrency Negative By 20% In The Last 7 Days

Ethereum Classic Cryptocurrency Negative By 20% In The Last 7 Days

via.newsvia.news08 Jun 2021 | 03:54 am
Ethereum Classic (ETC-USD) is currently on bearish momentum by 20.45% in the last 7 days. The cryptocurrency is 67.05% below its all-time high of $167.09 at Thursday, 6 May. It is 8850.26% above its all time low of $0.615038 at Monday, 25 July.
Ethereum Classic Cryptocurrency Is 13% Down In The Last 24 Hours

Ethereum Classic Cryptocurrency Is 13% Down In The Last 24 Hours

via.newsvia.news08 Jun 2021 | 03:52 am
Ethereum Classic (ETC-USD) is currently on bearish momentum by 13.40% in the last 24 hours. The cryptocurrency is 67.05% below its all-time high of $167.09 at Thursday, 6 May and 8850.26% above its all time low of $0.615038 at Monday, 25 July. Currently, Ethereum Classic has 460482 Twitter followers and 56837 Reddit subscribers.
Ethereum Classic Cryptocurrency Over 8% Down In The Last 6 Hours

Ethereum Classic Cryptocurrency Over 8% Down In The Last 6 Hours

via.newsvia.news08 Jun 2021 | 00:51 am
Ethereum Classic (ETC-USD) is currently on bearish momentum by 8.97% in the last 6 hours. The cryptocurrency is 65.68% below its all-time high of $167.09 at Thursday, 6 May. It is 9223.67% above its all time low of $0.615038 at Monday, 25 July.
Why Proof of Work Based Nakamoto Consensus Is Secure and Complete

Why Proof of Work Based Nakamoto Consensus Is Secure and Complete

Etherplan05 Jun 2021 | 16:00 pm
In this article, I explain why the proof of work consensus mechanism, or Nakamoto consensus, invented by Satoshi Nakamoto for the Bitcoin network, is secure and complete. In a network like Bitcoin, miners hash a group of 4 numbers, then hash them by iterating a nonce multiple times until a target “difficulty” is hit. Then, the miner who hits the target first wins the rewards.
The Hateful Eight: HNT, MATIC, KLAY, ETC, REV, ICP, EGLD, QTUM—Biggest Losers May 28 – June 4

The Hateful Eight: HNT, MATIC, KLAY, ETC, REV, ICP, EGLD, QTUM—Biggest Losers May 28 – June 4

BeInCryptoBeInCrypto04 Jun 2021 | 12:00 pm
Eight altcoins decreased the most over the past seven days, from May 28 to June 4. HNT reached an all-time high price on May 28. ETC has been moving upwards since. However, it has yet to create a higher low and was rejected on May 26.
Ethereum Classic Cryptocurrency Negative Momentum With A 8% Fall In The Last 6 Hours

Ethereum Classic Cryptocurrency Negative Momentum With A 8% Fall In The Last 6 Hours

via.newsvia.news04 Jun 2021 | 05:54 am
Ethereum Classic (ETC-USD) is currently on bearish momentum by 8.35% in the last 6 hours. The cryptocurrency is 61.11% below its all-time high of $167.09 at Thursday, 6 May. According to the stochastic oscillator, the crypto is considered to be oversold.
Ethereum Classic Treasury: Response To Charles Hoskinson

Ethereum Classic Treasury: Response To Charles Hoskinson

Etherplan01 Jun 2021 | 17:55 pm
The proposed Treasury for ETC is centralizing and reducing the security budget of ETC by reducing funds to miners who invest in hash power. The 20% miner tax is an excessive amount of money that surpasses multiple times the supposed purpose of the Treasury which is to pay for the cost of funding development and client maintenance. The Treasury is an opportunistic money grab and a get-rich-quick scheme, rather than a genuine concern with ETC's innovation.
ETC Group to List First Bitcoin ETP in London on the Aquis Exchange - CoinDesk

ETC Group to List First Bitcoin ETP in London on the Aquis Exchange - CoinDesk

CoinDeskCoinDesk01 Jun 2021 | 13:30 pm
ETC Group is launching the first bitcoin exchange-traded product (ETP) in the UK on the Aquis Exchange Multilateral Trading Facility (MTF) in London on June 7. Trading of the ETP will take place in GBP, CHF, Euro, and USD. The clearing will be carried out by Switzerland-based central counterparty clearing house SIX x-clear.
ETC Group Launches First Bitcoin ETP In UK On Aquis Exchange

ETC Group Launches First Bitcoin ETP In UK On Aquis Exchange

finance.yahoo.comfinance.yahoo.com01 Jun 2021 | 08:36 am
ETP ETC Group's BTCE Bitcoin is the first cryptocurrency exchange traded product (ETP) to be traded on a UK exchange / Multilateral Trading Facility (MTF). It follows successful listings on Deutsche Börse’s XETRA platform and SIX Swiss Exchange. Trading will take place in GBP, CHF, Euro and USD, while clearing will be carried out by SIX x-clear.
Ethereum Classic Cryptocurrency Is 7% Up In The Last 6 Hours

Ethereum Classic Cryptocurrency Is 7% Up In The Last 6 Hours

via.newsvia.news31 May 2021 | 11:52 am
Ethereum Classic (ETC-USD) is currently on bullish momentum by 7.61% in the last 6 hours. The cryptocurrency is 11085.69% above its all-time low of $0.615038 at Monday, 25 July. Currently, it has 448549 Twitter followers and 56369 Reddit subscribers.
Ethereum Classic Cryptocurrency Jumps By 90% In The Last 30 Days

Ethereum Classic Cryptocurrency Jumps By 90% In The Last 30 Days

via.newsvia.news30 May 2021 | 22:51 pm
Ethereum Classic (ETC-USD) is currently on bullish momentum by 90.57% in the last 30 days. The cryptocurrency is 60.67% below its all time high of $167.09 at Thursday, 6 May. Currently, it has 448549 Twitter followers and 56342 Reddit subscribers.
The Ethereum Classic Monetary Policy Explained

The Ethereum Classic Monetary Policy Explained

Etherplan30 May 2021 | 22:04 pm
Ethereum Classic’s (ETC) monetary policy seeks the same goals as Bitcoin of being mechanical, algorithmic, and capped, thus sound and trust minimized. It consists of tranches of 210,000 blocks, which are produced every 10 minutes, where the miner rewards per block are halved at the beginning of each tranche, starting with 50 bitcoins per block at block 1 right after the genesis block. The ETC issuance schedule may be best explained as 8 components.
Learning From the Quiet Master -- Nick Szabo

Learning From the Quiet Master -- Nick Szabo

Etherplan29 May 2021 | 19:39 pm
After reading Nick Szabo’s essay “Money, Blockchains and Social Scalability”, Donald McIntyre wrote to him, “I think it has been well received and has high impact because it provides a very good and timely framework for several things that are under hot debate presently or needed clarification for a long time: – the block size debate (core vs BU), the public vs private blockchain debate, the trustless vs trust minimized confusion, etc.” McIntyre added that Szabo commands more breadth, more depth, in more subjects.
Proof of Work Has Division of Power, Proof of Stake Does Not

Proof of Work Has Division of Power, Proof of Stake Does Not

Etherplan29 May 2021 | 01:27 am
Bitcoin and other proof of work-based blockchains have up to 50% fault tolerance, compared to 33% in Proof of Work-based networks. This is because of the way proof of stake networks are organized, of all the nodes, only a subset, the validators, are the ones who collect, produce, and enter new data batches into the distributed ledgers. This means that the only nodes with any power are those who are established as validators.
Ethereum Classic, EOS, VeChain Price Analysis: 29 May

Ethereum Classic, EOS, VeChain Price Analysis: 29 May

AMBCryptoAMBCrypto29 May 2021 | 00:00 am
Ethereum Classic’s ADX has been on a steady line from 25-29 May. ETC's jump from $39 to $83 lacked the conviction to extend its rally. EOS was in danger of a 17% plunge in case of a rising wedge breakdown. VeChain was trading within an ascending triangle but a breakout could take place in either direction
The Format War, Layering, and Systemic Risk Will Define the Future Landscape of the Blockchain Industry

The Format War, Layering, and Systemic Risk Will Define the Future Landscape of the Blockchain Industry

Etherplan28 May 2021 | 18:54 pm
In the future, consumers, businesses, and other entities globally will not use a large or unlimited number of systems and currencies to manage their affairs. They will all converge to a few winning standards to minimize transactional costs and increase coordination, which has consistently been the long-term trend in human history. This natural tendency for layering systems will reorganize the winning blockchains of the current standards war into levels according to their security and performance models.
The Ethereum Classic Trinity Explained

The Ethereum Classic Trinity Explained

Etherplan28 May 2021 | 03:57 am
Ethereum Classic (ETC) is composed of a trinity of key parts that, together, achieve an incredibly valuable system: smart contracts are decentralized programs on the peer-to-peer network that enable contracts between people and businesses. ETC’s fixed monetary policy is the only method to minimize the dependence of currency holders’ property rights on central bank committees, politicians, or core developers.
Ethereum Classic Price Analysis: 28 May

Ethereum Classic Price Analysis: 28 May

AMBCryptoAMBCrypto28 May 2021 | 00:00 am
Ethereum Classic’s value was down by 62% since its peak, with the crypto trading at $71.25, at press time. ETC hit a price point of $39.77 on 23rd May and recovered to touch $71 on the back of a strong surge and a period of small movements. The consolidation phase could result in another fall that could push ETC to $54.
Proof of stake will not save us

Proof of stake will not save us

www.somethinginteresting.newswww.somethinginteresting.news27 May 2021 | 16:05 pm
Proof-of-stake (PoS) is like democracy: it is the worst possible solution, except for all the others. PoS only obfuscates costs, it doesn’t eliminate them. A cryptocurrency buys the most security when it spends its security budget directly on electricity and it buys the least security with the money spent on business operations.
Dogecoin, Ethereum, Ethereum Classic Price Analysis: 26 May

Dogecoin, Ethereum, Ethereum Classic Price Analysis: 26 May

AMBCryptoAMBCrypto27 May 2021 | 00:00 am
Dogecoin (DOGE) surpassed the 23.6% Fibonacci level and is currently trading at the 38.2% level. The 50 moving average had closed in with the price. DOGE's RSI value was rising and moving towards the overbought zone, which was a bullish sign.
Analysis: Retail investors learn to love the crypto rollercoaster

Analysis: Retail investors learn to love the crypto rollercoaster

Fox BusinessFox Business24 May 2021 | 01:15 am
Cryptocurrency markets have been rocked by the biggest selloff in years this week. The price of bitcoin, the world's biggest cryptocurrency, tumbled as much as 30% before retracing some losses and is down some 40% from its highs of the year. "Investing in crypto is not for the faint of heart," said Brjánn Bettencourt, a 32-year-old photographer in Toronto who has owned bitcoin and ether over the last year.
Nobel Laureate Paul Krugman Quits Predicting Bitcoin's Demise, Now Says BTC 'Can Survive Indefinitely' – Featured Bitcoin News

Nobel Laureate Paul Krugman Quits Predicting Bitcoin's Demise, Now Says BTC 'Can Survive Indefinitely' – Featured Bitcoin News

Bitcoin NewsBitcoin News24 May 2021 | 00:00 am
Nobel Prize-winning economist Paul Krugman has said he has given up predicting the imminent demise of bitcoin. The economist now suggests thinking of the cryptocurrency "as a cult that can survive indefinitely." He compared the crypto craze to a Ponzi scheme. However, he still believes that bitcoin has no fundamentals.
Solana, MATIC, Ethereum Classic Price Analysis: 23 May

Solana, MATIC, Ethereum Classic Price Analysis: 23 May

AMBCryptoAMBCrypto24 May 2021 | 00:00 am
Ethereum Classic broke south from a descending triangle and risked a further 27% drop. Solana dropped towards $25-support. A bounce back from $25 could allow for minor gains till $29 for Solana. MATIC broke below $1 and will continue on a downwards path.
VeChain, Ethereum Classic, MATIC Price Analysis: 22 May

VeChain, Ethereum Classic, MATIC Price Analysis: 22 May

AMBCryptoAMBCrypto23 May 2021 | 00:00 am
VeChain saw a 31% price hike during the rapid buy phase on May 20 but retraced back to $0.096 after investors locked in their profits. On the 4-hour chart, VET traded below its 20-SMA which acted as a resistance line. The Supertrend Indicator placed a buy signal at this mark.
Ethereum Classic Use Cases: A Business Development Roadmap

Ethereum Classic Use Cases: A Business Development Roadmap

Etherplan21 May 2021 | 15:54 pm
Ethereum Classic (ETC) developers and ecosystem participants should focus on the benefits of ETC when promoting and selling the benefits. ETC is widely and successfully used as a store of value across the world. As a smart contracts layer on top of proof of work based Nakamoto consensus, it is programmable digital gold.
Crypto Hedge Funds Buy the Dip in Bitcoin’s Week of Reckoning

Crypto Hedge Funds Buy the Dip in Bitcoin’s Week of Reckoning

finance.yahoo.comfinance.yahoo.com21 May 2021 | 11:18 am
Hedge fund manager Felix Dian says Bitcoin's volatility shows why hedge funds are in the digital-currency game: To ride boom and bust cycles with diversified bets so clients don't get killed at times like this. His $80 million crypto-focused fund at MVPQ Capital is up 14% in May and has more than tripled in value this year. Bitcoin has plunged almost 30% this month, cutting the advance for 2021 to 42%.
Ethereum Classic Is Cheaper, More Profitable Alternative To Own Ethereum

Ethereum Classic Is Cheaper, More Profitable Alternative To Own Ethereum

InvestorPlaceInvestorPlace21 May 2021 | 10:55 am
Ethereum Classic (ETC-USD) traded for $89 on May 18, while ETH-USD was priced at $3,407. ETC-USD is up 1,464% so far this year, compared to ETH’s 367%. ETC is a way to buy into the bigger token and own more of the cryptocurrency. It has a market cap of $10.3 billion and a market value of $39.5 billion.