The Ethereum announced a hard fork recently, which means to be a major change in the project, the transfer of all its users to a new Blockchain. According to what appeared to be a popular demand, the Ethereum protocol rules were updated generating an incompatibility with the existing Ethereum protocol. Users who possessed ETH essentially moved to a new blockchain and the old one was left behind. At the time of publication, well over 90% of hash power in Ethereum network had moved to the new network. This fork effectively reverses the existence of the DAO and will recover almost all of the funds raised by a hacker for a month, to return them to their original investors.
But the hard fork also marks the launch of a spin-off project: the Ethereum Classic. Ethereum classic continues in blockchain existing Ethereum and has not implemented the code hard fork that broke the DAO. According to the project site, it is because the "Ethereum classic intend to maintain the original anti-censorship Ethereum" and "provide an alternative for people who strongly disagree with the DAO rescue."
While Ethereum Classic for many seems to be a bit of a joke, it is intended to make a point, the project was gaining some traction, with a small but growing base of users on Reddit and Slack, and the Bitsquare offer decentralized exchange your token - the classic Ether - as a trading option. In addition, about 0.5 percent of hash power joined a special set of mining Ethereum Classic, even before the split, and it seems determined to mine in jail Ethereum Classic, ensuring blocks are extracted and the project is kept alive.
Poloniex?
The Poloniex, one of the largest exchanges of altcoins, shocked the community this morning, to list a conceptually insecure currency and failure, the Ethereum Classic and its blockchain obsolete that has virtually no mining and therefore lacks any security. The chain was totally ignored and the Ethereum community had already moved before Poloniex do essea amazing nuncio, while Europe and America was sleeping. The price of ETC instantly fell to penny before recovered slightly, while the price of Ethereum, although somewhat volatile, continues to trade above $ 13, with a decrease of US $ 1 from the news.
