Ethereum Classic (ETC) is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.[1][2]It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.Ethereum Classic also provides a value token called "classic ether", which can be transferred between participants and is used to compensate participant nodes for computations performed.Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request.[3][4][5][6]It is the 5th largest cryptocurrency by market cap.[7][8]Ethereum Classic came into existence as a result of the DAO hard-fork.[9][10]It consolidated members of the Ethereum community who rejected the DAO Hard Fork on philosophical grounds, for reasons stated in the Ethereum Classic Declaration of Independence.[11]

People who held Ether from before the DAO hard fork have both a balance of Ethereum Classic (ETC) and an equal amount of Ethereum (ETH).Exchanges that held customer funds in Ethereum also held in their control a proportional quantity of ETC after the hard fork but may have lost significant amounts due to the lack of replay protection that was not programmed in the DAO Hard Fork code released by the Ethereum Foundation and exchanges lack of knowledge of how to separate ETC from ETH and secure it.[12]Users at most ETH exchanges have demanded their ETC be made available to them.[13]As of 1 February 2017, both Ethers are actively traded.[14]Ethereum Classic underwent a technical hard fork to adjust the internal pricing for running various op codes on the Ethereum Virtual Machine (EVM) on 25 October 2016, similar to the hard fork the ETH chain did a week earlier.The goal was to more rationally price various compute-intensive and external reference commands to reduce the incentive for spammers who had conducted a month-long distributed denial-of-service attack on the ETC network.[15]

A hard fork that occurred early 2017 successfully delayed the so-called "difficulty bomb", originally added to Ethereum's code in September 2015 in order to exponentially increase the difficulty of mining, or the competitive process by which new transaction blocks are added to the network.[16]Another hard fork is planned for late 2017 to change unlimited token emission to a fixed-cap monetary policy similar to bitcoin with a hard cap of around 210 Million.[17]Contents 1 2 3 4 5 6 The native currency is ether which is also referred to as classic ether and ETC. Accounts contain ether balances and can be used to purchase system resources.System resources are measured in gas units which is a made up unit of measure.Users interact with the system via accounts.Smart contracts also have associated accounts.Users submit transactions which can send ether classic or token, create smart contracts and invoke smart contracts.The blockchain system supports a virtual world computer that is unstoppable, reliable, auditable, trustless and secure.

Currently there are three development teams working on clients to run the Ethereum Classic network as nodes.As of April 27, 2017.68% of nodes run Parity and 32% of nodes run Geth Classic.[18]The highest hash rate was recorded on April 26, 2017 at 2,028 GH/s.[19]The ETC Dev team[20] is currently releasing the Geth Classic program which is programmed in Go.litecoin stock chartIt is currently headed by CTO Igor Artamonov aka "Splix" and consists of six paid developers with knowledge of Go and Rust.bitcoin ati or nvidiaThe ETC Dev Team also includes five unpaid advisers, a strategic analyst, and a marketing manager.bitcoin como se obtienenCurrent projects include changing ETC's new monetary policy, Geth Classic, Emerald SDK (a desktop wallet), and the Sputnik Virtual Machine.bitcoin qt key

The Grothendieck team currently employed by IOHK[21] is currently working on releasing its client written in Scala.IOHK is currently headed by CEO Charles Hoskinson who was one of the founding members of Ethereum and the Ethereum Foundation.Alan McSherry is currently the manager of Grothendieck and it consists of five paid developers as well as a community manager and researcher.bitcoin mlm opportunityThe EthCore team is currently led by Gavin Wood.bitcoin explained redditGavin was a co-founder of Ethereum along with Vitalik Buterin and wrote the Yellow Paper, the formal specification for Ethereum.bitcoin kaufen via paypalAfter leaving the Ethereum Foundation, he founded EthCore and created the Parity client.[22]bitcoin fog time

It is written in the programming language Rust and is a client that supports the blockchains Ethereum Classic, Ethereum, and Expanse.In May 2017, the market capitalization of Ethereum Classic (ETC) was more than $1.8 Billion USD[27] and was the 6th largest digital currency by market capitalization.[7]ethereal gem tradeThe all-time high in price reached over $18.00 on May 24, 2017.[27]^ ^ ^ ^ ^ ^ ^ a b ^ ^ ^ ^ https://ethereumclassic.github.io/assets/ETC_Declaration_of_Independence.pdf ^ ^ ^ ^ ^ ^ a b ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ a b ^ ^ ^ https://etherhub.io// ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^ /etc ^ ^ ^ / ^ ^ ^ ^ ^ ^Written by Alexandra Perry There's no other way to describe a $140 price leap over a weekend.

On Friday, I was hopeful that this would happen.I warned that if we broke $280, it was off to the races.But even I was surprised when Ethereum crashed through $320 like paper.Then we hit an all-time high of $420 at 6 a.m.Ethereum's price is now rocketing downward.Let's take a second to talk about why this is happening and why this is no time to sell.Well, it's happened again.And, just like last time, this has initiated a wave of panic selling.GDAX, another digital currency exchange, is also down.The source of these outages is obvious.In the last few days, Ethereum has been scooped up in unprecedented amounts.This trading volume puts a strain on digital currency platforms that are still adjusting to a massive influx of users.Coinbase is making strides toward improving security, but its system still has issues with this high of a level of transactions.Regardless of what the platforms do, downed systems cause panic selling across other platforms and from users able to get into Coinbase.Ethereum's correction was long overdue.

In fact, every time the currency dropped $20 in the last day, I was sure that this was it.The last time Ethereum surged like this, it had a 50% correction shortly after.The time before that, it had a 45% correction.More money than ever is also on the table, making investors antsy to sell.Corrections aren't a cause for concern as much as they are a symptom of overbuying in the space.They do not affect Ethereum's long-term potential.So, think twice before you sell and try to buy back at a lower price.For some people, this works.Personally, I don't gamble with a volatile market.Buy on dips and hold.Either way, brace for the correction and just be glad to see movement in the Ethereum market.To many Ethereum investors, holding is the name of the game.These investors are going to hold straight up to $2,000 or whatever obscene heights Ethereum will reach.Day traders will do what they will.But most people are locked in on long-term profits.But for those of you who are teetering on the edge, know this: There are a lot of reasons why more booms are coming.

And the big reason is adoption.In the world of digital currency, adoption is key.Well, in the world of tech, adoption is key.Without adoption, a technology will flounder and die.And Ethereum is being adopted at a breakneck pace.New Zealand announced plans to add Ethereum to its digital currency exchanges.Russia announced that it would be using the Ethereum blockchain in its business structures.China came forward and announced the development of a digital yuan, based on Ethereum.And the United Kingdom is developing its own digital asset that will back gold.And Ethereum is only two years old.Want me to tell you what Bitcoin was doing at year two of its life?It wasn't worth anything.It certainly wasn't getting attention from national governments, banks, and tech giants.Bitcoin forged the way for Ethereum to skyrocket early in life.And after seeing one digital currency succeed, investors are more confident.After all, who doesn't look at Bitcoin's lofty near $3,000 price tag and wish they had taken a piece of that pie?