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Etherium classic news
ETH Leads Alts’ Run
A quick review at some data points for the digital asset reveals that it is currently trading at an overbought position which might cause buyers to be “exhausted” and unable to sustain a further rally, yielding technical advantage to the bears once again. Ethereum classic price today To harness the optimum potential, experts worldwide and die-hard investors of ETC have advised sticking to this currency mainly for the reasons of price escalation expectations. In fact, it has sustained momentum and consistently performed as said before till the recent cryptocurrency market crash. More importantly, even though the recent performance of Ethereum Classic has not skyrocketed, one prominent fact that emerges here that Ethereum Classic is here to stay, rise, and grow in the markets in full bloom. Check here our other cryptocurrency forecast. Now, Let us explore the ETC price prediction for the upcoming years.Ethereum classic price coinbase
Subsequently, there has been a sharp drop in market popularity and demand for Ethereum Classic. Moreover, experts believe that a lack of upgrades has made the Ethereum Classic network less attractive to developers. 6. Will Ethereum Classic (ETC) hit $30? Create a free account to gain access to news, analysis, and real-time alerts on the stocks you follow.
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Comparing Ethereum Classic to Ethereum, let's start with the common criteria for both cryptocurrencies: the blockchain. In principle, it's identical. Ethereum Classic is a continuation of the original Ethereum blockchain, with its transaction history intact. This explains one of the project's main principles: the founders' pride that the resource is completely free of external interference. Another similarity of both platforms is how they work: identically, namely through the activation of a decentralised application. The use case for tokens is similar, too; they can be used to purchase other assets and pay to create smart contracts. Latest Ethereum Classic News and Social Media Feed But many users on the Ethereum network disagreed with the hard fork solution. Why? One of the core principles of blockchain technology is the concept of immutability — in other words, a blockchain ledger is supposed to be permanent and unchangeable. So rolling the ledger back to before the hacking incident violated this principle, and became controversial among Ethereum users and other cryptocurrency enthusiasts.Ethereum classic news
The launch of Ethereum Classic came after the 2016 Ethereum DAO hack, which resulted in a fork of the Ethereum blockchain. The Ethereum network as it exists today is the forked chain, while Ethereum Classic is the original chain upon which the DAO hack occurred. How was Ethereum Classic created? The Ethereum Classic official website is ethereumclassic.org