Since Ethereum Classic (ETC) was forked from Ethereum (ETH) in July 2016, its value has been steadily increasing. On January 17, 2018, ETC reached an all-time high of $47.77. However, on January 24, 2018, its value dropped to $13.72, a decrease of 71.47%. So, what caused the sudden drop in value? There are a few […]
How Was Ethereum Classic Created
Ethereum Classic was created in response to the accidental hard fork of the Ethereum network. In June of 2016, a hacker exploited a flaw in The DAO, a decentralized autonomous organization based on the Ethereum network. The hacker was able to steal 3.6 million Ether, worth around $50 million at the time. The Ethereum community […]
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