Ethereum hard fork has been done in the last week as a means of return of funds investors lost in the collapse of the large projects that have resulted in the creation of the currency competition on blockchain that replicate the original consensus rules from the platform before the fork.
Last week announced a project called the classic Ethereum continue to mine in blockchain version where the money is never returned to investors DAO. As has been observed in here, blockchain classic Ethereum now around 4,000 blocks at the back of the ethereum blockchain supported by genuine ethereum developers and members of the community.
Initially rejected due to lack of support vocal, but now the story has been changed to a digital currency that has been exchanged and purse provider service is now moving to expand services to those who are still using classic Ethereum blockchain. Improving this support has created a new momentum for a project that has been active for a few days without the support of the miners, exchanges and other key components of the ecosystem blockchain open.
However, Poloniex, the largest exchange shares to ether (ETH), genuine digital currency blockchain ethereum (which is now called as Ethereum Core or Ethereum One), add support for genuine token that walk on the classic Ethereum blockchain , called ether classic (ETC). To do this, Poloniex provides stock to the merchants who have ether by changing the balance to the ether classic according to the number of the ether which they have in stock at the fork. At the time of creation of this article, this event has been successfully debate that very politicised which give the implications for a broader conversation in all industries blockchain.
In addition to touch on whether blockchain network can or must be "change", or provide a history of the transaction that cannot be changed, the effort has generated excitement bitcoin community, many of them saw this story as a warning against the implementation of hard fork on the network, or vice versa, as evidence as a technical achievement that can be achieved with limited consequences. In an interview conducted by Coindesk, Project coordinator Classic Ethereum Arvicco, expand the purpose and vision of the project, stated that he believes it can be more than the basic point to a larger philosophical debate. The developer of 40 years, which manage information portal blockchain Russian-speaking BitNovosti.com, describes the projects in terms of the wider, that position as a referendum on the ethereum project itself. Hard fork done after the vote ethereum communities have been heavily criticized for may be less representation of course to stakeholders ethereum.
The Stock Exchange started to add its Support
To survive Ethereum Classic need to provide liquidity for the new cryptocurrency network. So far, appear to be the main shares that offer trade ether will move into the new token list also. At 19:00 UTC, around 20,000 BTC meet the classic ether volume traded in the network since the launch of the trade in Poloniex, ether valuable classic 0.001 BTC or around $ 0.66. The data from the stock exchange shows 24 hours the highest prices have touched 0.01 BTC, or about $ 6. A few hours later, representatives from Hong Bitfinex emphasized that the exchange based in Hong Kong will display a list of ETC on Wednesday the beginning. Now the value proposition of classical ether, Arvicco stated that he saw the token supported by Classic Ethereum constituted by the ideology.
"our value proposition is that we are committed to open, hold sensors, blockchain that immutable," said Arvicco.
The threat of an attack on the Network
Seems some ethereum community has to be hostile to the classic Ethereum project. Chandler Guo, representatives from one of the largest ethereum mining pool, BW.com, states through WeChat that the company will use the strength to attack the Ethereum hashing network classic. At that time, Guo said that the steps as a response to the list of cryptocurrency spin-off on Poloniex. The statement from Guo to CoinDesk shows that he is currently trying to coordinate with other miners in an attempt to get a majority share of classic Ethereum blockchain, a step that can damage the integrity of its history through the attacks of 51%.
He said that he is currently only have 300 GH/s power that he can use to initiate the steps. When asked why he plans to replace the attack, Guo said the mantra Google that the project software does not have to be "evil". "We want to create a more successful ethereum," he said
Developer Support
However, to build the value in the long term, Classic Ethereum developers need to build their platforms as one that offers benefits for those who want to build applications using the platform ethereum decentralization. Arvicco said, for today, projects means as a mirror Ethereum Core or Ethereum One blockchain and progress of him. Classic Ethereum plans to follow the roadmap genuine released by developer ethereum, which will include an upgrade blockchain to support hard fork in the future and is intended to provide additional functionality.
