Ethereum Classic

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that occured in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). 

Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. 

Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic has a capped supply of 210.7 million ETC. 

Ethereum Classic has a history of being susceptible to 51% attacks. This is when a group of malicious miners who control a majority of the network’s mining hashrate alter transaction history in an effort to execute double spends. 

Ethereum Classic has enjoyed yet another boost ahead of the upcoming merge event as the network's hash rate booms.

Ethereum Classic Jumps Nearly 12% as Hash Rate Hits All-Time High

Ethereum Classic has reached an all-time high hash rate of 47 terahashes per second (TH/s) ahead of Ethereum's big upgrade. The post Ethereum Classic hits all-time high hash rate ahead of The Merge appeared first on The Block.

Ethereum Classic hits all-time high hash rate ahead of The Merge

On August 31, 2022, Ethereum Classic's hashrate reached another all-time high (ATH) this year at block height 15,850,811. Ethereum Classic's global hashpower surpassed the 40 terahash per second (TH/s) region on Wednesday.

Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged

Ether

Antpool, the bitcoin mining pool affiliated with Bitmain, has announced the crypto mining operation will not manage ethereum accounts after The Merge is implemented. The mining pool is asking participating Antpool miners to add their ethereum withdrawal addresses by September 3, in order to receive the accumulated ether collected by Antpool.

Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Mining ETC

The hash rate of ETC hits an all-time high, which reduces the risks of a "51% attack."

Miners Eye Ethereum Classic Activity as Merge Nears

Shiba Inu

Binance Coin (CRYPTO: BNB) was trading more than 3.75% higher at one point during Thursday's 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC), which temporarily jumped 2% alongside a slight increase on the S&P 500. Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO: SHIB) reacted more bullishly to the upward swing across the markets, trading more than 7% and 13% higher, respectively, on higher-than-average volume.

What To Watch On Binance Coin, Ethereum Classic, Shiba Inu As Jackson Hole Symposium Approaches

On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic's hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network's second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH/s) on August 20, 2022.

Ethereum Classic's Hashrate Taps Another All-Time High Following Ethereum's Hardened Merge Timeline

On August 20, 2022, Ethereum Classic's hashrate reached an all-time high at block height 15,776,674 as it tapped 38.37 terahash per second (TH/s). The crypto asset has seen its hashrate surge since Wednesday, August 17, jumping 39.22% higher from 27.56 TH/s to the all-time high (ATH). Ethereum Classic's Hashpower Skyrockets to 38.

Ethereum Classic Hashrate Taps an All-Time High, ETC Hashpower Jumped 39% Higher in 4 Days

In just over a month's time, The Merge is likely to be implemented on the Ethereum blockchain and the network's proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have increased.

PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit

Ethereum Classic (CRYPTO: ETC) was trading flat on Friday after a bullish day during Thursday's 24-hour trading session caused the crypto to soar up 8.32%. The crypto has settled into two visible patterns on the daily chart, with the short-term pattern being an inside bar formation and a cup-and-handle possibly forming as the longer-term pattern.

Ethereum Classic Rests Before The Next Big Move: Here's What To Watch This Weekend

Ethereum classic was trading close to its highest point since April, as the token rose by nearly 10% on Friday. Despite crypto markets being mostly in the red in today's session, a handful of tokens managed to climb higher.

Biggest Movers: ETC Nears 4-Month High, LINK Hits Highest Point Since June

Ethereum Classic (CRYPTO: ETC) rallied to an intra-day high of $42.29 on Thursday, liquidating $9 million worth of short positions.  What Happened: ETC surged 10% over 24 hours, reclaiming a one-month high, according to data from Benzinga Pro.

Ethereum Classic (ETC) Rally Pushes Short Liquidations To $9M

The upswing in ETC's price coincides with the upswing of ETH.

Ethereum Classic Hits 4-Month High as Merge Approaches

Avalanche

Avalanche rallied on Wednesday, as the token broke out of a key resistance level on its way towards a multi-month high. Crypto markets mostly rallied as the session progressed, following the release of the latest U.S. inflation numbers. Ethereum classic was one such token, as it moved closer to $40.

Biggest Movers: AVAX Nears Highest Level Since May, ETC Moves Towards $40

After extending recent gains, bnb rose to its highest point in two months during today's trading session. The move comes following tweets from Binance CEO Changpeng Zhao, confirming a new partnership with Swiss watchmaker Franck Muller. Ethereum classic, on the other hand, was lower for a second straight session.

Biggest Movers: BNB Hits 2-Month High, ETC Extends Recent Declines

Ethereum Classic (CRYPTO: ETC) has rallied 140% over the last month, but Messari analyst Tom Dunleavy isn't convinced about its long-term value as an investment. What Happened: “ETC price rose quickly, but looking at fundamental metrics, nothing has changed about this chain,” said Dunleavy in an analyst note earlier this week.

Merge-Driven Ethereum Classic Price Rally Won't Last, Says Analyst

ApeCoin

Solana

A closely tracked crypto strategist is predicting dips for two altcoins while updating his forecast for Solana (SOL) and ApeCoin (APE). Pseudonymous crypto analyst Altcoin Sherpa tells his 180,700 Twitter followers that smart contract protocol Ethereum Classic (ETC) looks poised for a significant pullback after its steep rally over the past few weeks.

Analyst Predicts Pullbacks for Ethereum Classic and One Low-Cap Altcoin, Updates Outlook on Solana and ApeCoin

It's unlikely Ethereum Classic has any long-term viability, despite interest by miners, according to Messari.

Ethereum Classic Is Not Ethereum so a Merge-Fueled Rally Won't Last

According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum during the week of September 19, and the growing discussions of delaying the highly anticipated proof-of-stake (PoS) transition.

Chinese Miner Claims an Ethereum PoW Fork Is ‘Coming Soon,' Despite ETC's Existence

Staking solution Lido DAO (CRYPTO: LDO) and Proof-of-Work blockchain Ethereum Classic (CRYPTO: ETC) were the best performing cryptocurrencies last month, posting triple-digit gains in July. The positive price action was largely driven by optimism around the Ethereum (CRYPTO: ETH) Merge, causing a surge in retail interest for LDO and ETC.

Ethereum Classic And These 4 Other Altcoins Were Best-Performing Cryptos Of July

Bitcoin

A widely followed trader is exploring the near-term outlook of the two largest-crypto assets and one altcoin that has recently printed massive gains.

Here's What's Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded 225%: Top Crypto Trader

Polygon

Uniswap

Ethereum classic's rally is consistent with its record of rallying around major Ethereum upgrades, one observer said.

Ethereum Classic Almost Triples, MATIC and UNI Surge as July Brings Relief to Crypto Market

Ethereum Classic (CRYPTO: ETC) was soaring more than 18% on Thursday after skyrocketing over 30% during Wednesday's 24-hour trading session. The two-day surge was due to a break up from a bull flag pattern, although the move was propelled by bullish days in both the general markets and the cryptocurrency sector following the release of the Federal Reserve's monthly minutes, where the decision was made to hike interest rates 0.75%.

Ethereum Classic Skyrockets Higher For Second Straight Day: Here's What To Watch

Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community.

Ethereum Classic Climbs 124% in 2 Weeks, Hashrate Spikes, KRW Captures 20% of ETC's Trade Volume

Ethereum classic was approaching a ten-week high on Wednesday, as prices rose by over 14% in today's session. These gains came as prices rose for a second consecutive day, with tron also extending recent gains during hump day. Overall, the crypto market cap is 1.51% higher as of writing.

News for Ethereum Classic Crypto (ETC)