Ethereum Classic

Single Miner Reorgs Ethereum Classic – Devs Report a Chain Split

Leave a Comment / 51% attack, block insertion, blockchain network, Blockchain Reorganization, Chain Split, Ethereum Classic, Exchanges, Mempool, Proof of Work, security / By

Members of the Ethereum Classic team reported that the network suffered a reorganization today. The blockchain network is asking service providers to halt deposits while it carries out maintenance of the chain. The latest event follows a similar attack in January 2019, which led to some exchanges taking pre-emptive action. Both Ethereum Classic (ETC) and …

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Ethereum Classic Suffers Reorganization That Resembles 51% Attack Amid Miner Complications

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Ethereum Classic (ETC) suffered a 3,693-block chain reorganization early Saturday morning, an attack first noticed by cryptocurrency miner Bitfly. Update (August 1, 15:17 UTC): This article has been updated with an estimate of the attack cost. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides …

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Market Wrap: Bitcoin’s Price and Ether’s Dominance Sit at 2020 Highs

Leave a Comment / Bitcoin, bitcoin cash, Bitcoin SV, chainlink, commodities, Equities, ether, Ethereum, Ethereum Classic, Litecoin, Markets, Tezos, Volatility / By

Bitcoin’s price is at its 11-month high as volatility bounces back up. Meanwhile, ether’s dominance has spiked on continued growth in decentralized finance (DeFi). Bitcoin (BTC) trading around $10,998 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,573-$11,422 BTC above 10-day and 50-day moving averages, a …

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OpenEthereum Supported 50% of Ethereum Classic Nodes. Now It’s Leaving the Project

Leave a Comment / Ethereum Classic, Hard Forks, nodes, OpenEthereum, Tech / By

Only 30% of Ethereum Classic’s nodes will support future network hard forks after a major client walked away from the project last week. OpenEthereum has voted to stop supporting its Ethereum Classic client to focus attention on other projects. In addition, it has concerns about that blockchain’s immutability, according to a GitHub vote Thursday. It’s …

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New ‘Altseason’ Visualized: Top 10 Cryptos Outperforming Bitcoin

Leave a Comment / Algorand, Altcoin, Bitcoin Price, Bitcoin SV, Cardano, chainlink, Cosmos, Ethereum, Ethereum Classic, Markets, Ripple, Stellar, VeChain, XRP / By

Alternative cryptocurrencies, or altcoins, have started to record large gains across the board. Some small-cap coins have seen triple-digit percentage gains in recent weeks. But several larger-cap cryptocurrencies have also been posting serious gains such as VeChain (VET), Stellar (XLM), Cardano (ADA) and Chainlink (LINK). Cryptocurrency market performance in the past 7 days. Source: Coin360 …

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Hard Fork Sets Stage for Ethereum Classic’s Second Major Departure From Ethereum

Leave a Comment / Ethereum, Ethereum Classic, Hard Forks, Proof of Work, Proof-of-Stake, Tech / By

Trail partners Ethereum and Ethereum Classic are soon to split ways, highlighted by the latter’s successful “Phoenix” hard fork Sunday night. Executed at block 10,500,839 on May 31, the backwards-incompatible network upgrade makes Ethereum Classic fully compatible with Ethereum. That is, until the larger blockchain swaps its consensus algorithm in a network overhaul known as …

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