@xeroc's post on what happened with the DAO hack leading afterwards to the ETH hard fork
@steempower's post on the potential downsides - very interesting !
@pauls's guide on safely splitting ETH/ETC - Must do if you are in the ETH ETC game !The biggest consequence is that there are now parallel universes: Ethereum Core (ETH) and Ethereum Classic (ETC).
Some argued that ETH will loose ground and let the real , original not forked , chain be the star.
Others argued that ETC will just die of in the dust very fast. ( me included )
Well, it seems that Core nor Classic will not go silent into the night, at least not yet.
For the DAO hacker(s) it doesn't matter anymore , I suspect all is already over and monetized long ago.
| ? | ETH | ETC |
|---|---|---|
| Price | 11.58$ | 2.13$ |
| Hashrate | 3700 Mh/s | 660 Mh/s |
| Mining pools ( majors ) | 8 | 4 |
| Tradeable on Exchanges | Yes | Yes |
| Trade volume (Poloniex BTC/24H ) | 20'000+ Btc | 40'000+ Btc |
| Capable of smart contracts | Yes | Yes |
| Replay vulnerability | Yes | Yes |
| Community support | Yes | Yes |
Ethereum-based chains are anarchic — without terms of service or ties to the legal system. Therefore it is difficult (impossible even?) to say which chain is the legitimate chain. Consequently it is unclear if anyone has a legal claim to prevent or create additional forks in the future and because of this, it is hard to see who has liability for past, present or future forks on these chains.
Miners just want the best bang for there bucks effectively moving mining from one chain to another.
When price increases more hashrate comes on-board and vice-versa on both chains.
Traders will speculate some arbitrage opportunities besides doing the usual :
Sell high / buy low when the opportunity arises effectively creating support and resistance on both currencies.
Let me know what you think !
Blockchain status :
https://slacknation.github.io/medium/13/13.html
http://fork.ethstats.net/
