![]() ![]() Is Ethereum Classic a buy?īroadly speaking, the crypto investing community chose Ethereum over Ethereum Classic. Additionally, BTC.com, a top mining pool (a group of miners who essentially pool their mining resources) is now supporting Ethereum Classic and offering a "zero fee" mining promotion for the next few months. Recently, Ethereum Classic's hashrate - a measure of the computing power deployed on a network and also an indicator of its security - surged to over 48.64 terahashes per second, up more than 133% since July. Still, some stayed loyal to the original Ethereum blockchain network, with a token that became known as Ethereum Classic. That led to the creation of the Ethereum token (ETH) that is now the second-largest cryptocurrency in the world. But in 2016 after a big attack on the network that raised concerns among stakeholders, the Ethereum Foundation implemented a hard fork. As of mid-afternoon Wednesday, it was up by about 12% for the week.Įthereum Classic was the first iteration of the Ethereum blockchain. The original EthereumĮarlier this week, the price of Ethereum Classic ( ETC -0.45%) shot up by about 25%, although it then lost the majority of that bounce, then fluctuated some more. And interestingly, as investors gear up for this event, the price of another cryptocurrency has surged, apparently in response to it. The Merge will make some huge upgrades to the network. The final upgrade of the blockchain before that can happen is already underway. 20 and will - according to the blockchain's co-founder - most likely occur between Sept. Ethereum 's ( ETH -0.37%) long-awaited Merge, a major system revamp, is expected to occur between Sept.
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