In less than a month, Ethereum Classic’s (ETC) value has shot up by around 270%. So, what’s behind this impressive rally, and why is Ethereum Classic (ETC) rising so fast? ETC is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum […]
How Many Confirmations For Ethereum Classic
When you send a transaction on the Ethereum Classic blockchain, it needs to be confirmed by the network. The number of confirmations required is determined by the miner who mines the block in which your transaction is included. The default confirmation number for Ethereum Classic is 6. This means that a transaction is considered confirmed […]
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Why Is Ethereum Classic Rising
What is Ethereum Classic? Ethereum Classic is the result of a hard fork in the Ethereum blockchain. In July of 2016, a hacker exploited a vulnerability in The DAO, a decentralized autonomous organization built on the Ethereum platform, and stole 3.6 million Ether – worth around $50 million at the time. The Ethereum community was […]
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Why Did Ethereum Classic Drop
Since Ethereum Classic (ETC) split from Ethereum (ETH) in 2016, the two currencies have had a complicated relationship. ETC was created when some members of the Ethereum community disagreed with a decision to rewrite the currency’s code. This decision, known as the “hard fork”, resulted in a new currency – Ethereum (ETH) – being created, […]
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