The Ethereum network recently went through a hard fork to bail out DAO investors.The hard fork happened because the majority of the Ethereum community made a poor investment choice and voted to rewrite the blockchain.Initially the hard fork seemed to go smoothly and everyone broke out the champaign in celebration.A small minority within the Ethereum community opposed the hard fork because it violated the original social contract of immutable applications.Those who opposed the hard fork decided to keep the old chain alive and brand it as Ethereum Classic.Investors on the majority chain laughed at Ethereum Classic and lead developer Vitalik Buterin even mocked it by strangely referring to it as “moose”.What started as a celebration and mockery quickly turned into concern as people woke up on Sunday morning to see Ethereum Classic (ETC) listed on Poloniex.Initially ETC was traded on a decentralized exchange called Bitquare but the order book was illiquid.Poloniex is the biggest exchange for ETH trading volume and listing ETC suddenly turned it into a thing.

The trading volume on ETC started off as 50% of what ETH was trading.The high trading volume of ETC was the first sign that the battle of the blockchain was gaining momentum.Every ETH holder was given an equal amount of ETC and many Ethereum investors shrugged the volume off as they dumped their coins.The initial though was that ETH holders would dump this coin into the dirt.Buy support at the time was about 2000 BTC, which was a third of what ETH had.ETH holders dumped millions of ETC on the market but price support held up.While most were emotionally revenge dumping, the smart money moved in to accumulate the cheap supply of ETC. Barry Silbert, one of the biggest investors in the Bitcoin space announced that he scooped up some cheap ETC at $0.50.Barry’s order was timed close to the exact bottom and may have even triggered a price reversal.Moments after his tweet he started offering ETC over-the-counter through his company Genesis Trading.The set minimum OTC volume is 25,000 ETC in bulk purchases.

The Bitcoin community was disturbed by the dangerous legal precedence that Ethereum was setting through the hard fork.By making their ledger mutable it may have opened up Pandora’s box for regulators to interfere with decentralized blockchains.Members of the Bitcoin community saw this as an existential threat to decentralization, so lent their support to help boost the old Ethereum chain.It’s entirely possible that much of the ETC buy support came from those in the Bitcoin community.Today ETC trading volume overtook the volume of ETH as the price rallied +350%.Ethereum Classic’s market cap rose to around $200M with trading volume over $100M.The price is currently consolidating inside of a large bull pennant, which could signal the continuation of the bull trend.While ETC was on the rise the price of ETH fell by 13% today.It’s still entirely possible that large ETC whales or the DAO attacker may dump millions of coins on the markets.That said, this can help even the distribution and increase volatility, which may lead to a nice bounce play.

With the price rise and lower network difficulty, it’s become more profitable to mine ETC.The ETC hashing power rose to 665/GH, which is 20% of the amount on the ETH chain.uang dari bitcoinIn the event that ETC ever gets more hashing power then it will become the dominant chain and revert back to being the original Ethereum.bitcoin kaufen ohne registrierungAbout Latest Posts Latest posts by Rocky (see all) Bitcoin and Cryptocurrencies for Beginners 3 Things You Should Know if You’re New to Bitcoin Cofoundit Aims to Help Blockchain Startups Raise Capitalbitcoin precio salidaAdvertise with us Ethereum Difficulty Chart and Graph Loading chart data...giochi con bitcoin

Buy Ethereum: ETH/BTC, ETH/USD and ETH/EUR What is Ethereum Ether is a required element for operating the distributed platform called Ethereum.bitcoin physical coin walletETH is used as a form of payment by developers of apps built on Ethereum, as well as by users who are willing to access and interact with smart contracts.litecoin price fallingOn CEX.IO, you can buy Ether for Bitcoin, for US Dollars or Euro.bitcoin chessHowever, you can also load funds using credit card issued in your local currency and, eventually, buy ETH as well.dhl bitcoinBuy Ether with Bitcoins If you already possess Bitcoins, transfer cryptocoins to your BTC wallet in CEX.IO profile and buy Ethers right away.steven lord bitcoin

It is that simple!Be sure that your BTC and ETH are safe in our cryptocurrency cold storage.None of our users ever faced account funds theft, and we stay compliant with high security standards.Buy ETH with Credit Card If you want to buy ETH for USD or your local currency, then funding your account with credit or debit card is the easiest way.We accept Visa, MasterCard, and virtual cards, such as Neteller, NetSpend, Payoneer etc. Safety of your card information is guaranteed by PCI DSS certificate obtained by CEX.IO.Buy Ether with Bank Transfer Buying Ether with cash on your bank account is easy and advantageous, especially when it comes to large amounts.For faster and cheaper deposits in Euros, we recommend using SEPA.Consider upgrading your CEX.IO account to enjoy augmented payment opportunities, priority support, and custom conditions.Jul 29, 2016 at 11:04 // Blockchain July 29, Ethereum Classic is actively trading on leading cryptocurrency exchanges under the ticker: ETC. Support for the pre-forked Ethereum network demonstrates that the community is visibly divided over the DAO hard-fork.

The emergence of ETC is causing controversy among exchanges that support ETH (hard-fork) trading but not yet ETC (non-forked) trading.People who hold Ether from before the hard-fork now have a possible balance of ETH in addition to an equal amount of ETC. Classic Ether (ETC) is now being listed across all major cryptocurrency exchanges.Exchanges that hold customer funds are also in control of the ETC in proportional quantity to their ETH holdings prior to the hard-fork.Users at most ETH exchanges are demanding their ETC be made available to them.Mining, maintenance and development of the Ethereum Classic blockchain is underway.Exchanges that are relinquishing ETC to ETH balance holders and trading in ETC include Poloniex, Bitfinex, Kraken, Yunbi, and Bittrex.Other exchanges that are engaged in ETH trading but have not yet made the ETC available to the account holders are coming under fire from customers although they may also have not been prepared for the emergence of Classic Ether.Coinbase GDAX, for one, is not yet permitting the trading of ETC and has not yet taken proper measures to give customers access to withdrawing their ETC. CoinIdol asked a leading exchange operator if, in his view, it is important that exchanges make the ETC balances available to their customers and permit trading of ETC. Bill Shihara, CEO of Bittrex exchange, commented: “I think every exchange is free to decide which markets they allow to trade.

Every business has a different level of risk tolerance.The question of providing tokens to users is much more interesting.The Ethereum Foundation told exchanges to not worry about the Classic fork and consequently some exchanges lost their user's tokens due to the replay attack.I haven't seen an official statement from the Foundation yet but I'd expect they are going to help cover those losses in their ecosystem.” CoinIdol asked if the replay attacks resulted in loss of ETC or ETH: “Yes.I think some exchanges lost both, but ETC losses are much more common,” said Bill Shihara.On July 27 ETC trading exceeded 150,000 bitcoins for the day, indicating a record-breaking interest from traders for the asset.Ethereum Classic subreddit membership rose from 300 to 1,400 during this time and developers are emerging to do their part to support the Ethereum Classic network’s existence, including a github commit by Ethereum Founder Gavin Wood to the EthCore Parity repository recognizing Ethereum Classic.

CoinIdol asked experts in the cryptocurrency industry if they expected this emergence and support from the community of Ethereum Classic.“People are making money really that's the main thing.The rest long term we'll see lots of manipulation and hype,” commented Gavin Knight, COO at CredibleFriends.“With such a small amount of stake voting and such a small number of miners actually participating, it's hardly unexpected.Even if a large number of people are apathetic and don't vote actively, they will still follow leadership if it's given or taken.So it stands to reason the vocal "no" voters to the HF would take leadership and set up ETC and take a part of the following crowd with them.This is also not unexpected because it's inherent in blockchains.Forks are part of the ecosystem and unless you have a small and very tightly knit community, you will see splits, either by people leaving and setting up parallel systems or by people continuing on an older version of a chain when they disagree with the new version.

As long as they have critical mass, they will succeed in making it viable, at least in the short term,” said Bas Wisselink, co-founder of NXT Foundation.Kumar Gaurav, CEO at Cashaa said: “No, I do not believe that it was completely unexpected.Some entities were against the hard fork, due to the idea of irreversibility, which breaks the core principle.I am strongly against the theft and Condemn it, but playing with core principles does not  make the hard fork correct .This action can damage the end users belief in system.If a system can modify so easily then it can be modified again to give control to any company/individual, depending on how influential he is.Now we have major players  making hardware, exchanges or investors directly or indirectly supporting the ETC.” On July 24, ETC began trading at around 0.0007 BTC/ETC and its highest price since then has been 0.0043 BTC/ETC.CoinIdol asked a crypto currency expert what his opinion is regarding the continuity of Ethereum Classic and the trading of its currency ETC: “I think it will continue to exist.

Whether it will exceed Ethereum's achievements so far, I guess depends on how strong the development team behind it will be.At the moment, prices are mostly driven by the speculators, but eventually Ethereum Classis (as everything else in crypto space) would need to have some utility in order to have a value,” said Alex Matanovic, CEO at EC District, and Vice President of Serbian Bitcoin Association.“It is my personal view that Ethereum Classic contains the genetics of pure community ownership.Therefore, I feel that this is the ecosystem that will flourish.The detachment from the Ethereum Foundation and the diminished influence of third party authorities is a positive effect for the ethereum computer that is operating on the Classic blockchain.The Classic blockchain is much akin to the Bitcoin blockchain that is uninfluenced by third parties and centralized foundations.Now it should be possible for developers to deploy and present innovative use cases on a persistent blockchain known as Ethereum Classic,” comment from Daniel Dabek, Founder and Architect of Safe Exchange.