Ethereum Classic (ETC) successfully passes its own Hard Fork

It is the network that has practically emerged as a result of the DAO disaster. The founders of Ethereum Classic (ETC) saw in the then hard fork a threat of the core principles of the blockchain: the immutability. But now the alternative Ethereum Blockchain faced a very own hard fork. Today, on 25 October 2016, network operators voted for an upgrade.

The Ethereum Classic network suffered numerous DoS attacks, just like the main Ethereum network. According to a report from newsbtc, they must be from a capable hacker because it exploits some, so far not recognized, vulnerabilities in the code of the SmartContracts.

Since the two Ethereum networks are very similar in nature, the present development seems to be almost an irony of fate. The classic network, the rebel, which represents the basic values of the blockchain, first suffers the same attacks as the main network. During the last talks, before the recent hard fork at ETH, a classic developer also spoke out for a hard fork at ETH. Small changes could not help here. The new Hard Fork introduced a change in the gas price for various EVM operations (Ethereum Virtual Machine).

Because of the Hard Fork, some services do not provide more detailed information about the Hashrate on the network. The price of the crypt was falling from about 158,200 to 154,280 satoshi around 6:00 am CET, while the trading volume rose sharply. This could indicate the exit of some supporters. Whether it is the fear that the network goes offline, or whether this is a symbolic protest against the hard fork – this can only be said after a certain time.

Within a few hours the price seemed to recover (about 155,000 Satoshi at 9:00 am). On reddit, the Hard Fork was called full success. Block 2.500.000 was selected as the time for the process. There was no network split and according to bit_novosti there were no major changes in the Hashrate.

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