ETC to be Publicly Quoted on Grayscale OTC Market

Grayscale will list ETC trust on Publicly-Quoted Over-the-Counter market, which should allow investors to buy ETC fund through a retail brokerage
27 March 2018   177

Grayscale is an authority on digital currency investing, which is building transparent, familiar investment products that facilitate access to the burgeoning asset class, and provide "the springboard to invest in the digital currency-powered Internet of Money."

Recently Grayscale had added the Ethereum Classic Investment Trust, which is available exclusively to accredited investors, and has an aim to reflect the price performance of Ethereum Classic for the value of its shares, but with less fees and expenses. Grayscale already provides Bitcoin, Ethereum, Bitcoin Cash, Litecoin and ZCash Investment Funds.

On March 27, 2018 Ethereum Classic has announced in its twitter account that Grayscale will list ETC trust on Publicly-Quoted Over-the-Counter market, which should allow investors to buy ETC fund through a retail brokerage.

It is worth reminding that Ethereum Classic Investment Trust charges an annual administration and safekeeping fee of 3.0%, which accrues daily.

Ethereum Classic to Remove the Difficulty Bomb via Fork

Difficulty Bomb will be removed from Ethereum Classic Mainnet at block 5,900,000 in order to avoid collapse of the network
04 April 2018   2255

Ethereum Classic, a continuation of the original Ethereum blockchain, is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

This ECIP new monetary policy of Ethereum Classic proposes removing Difficulty Bomb from Ethereum Classic Mainnet at block 5,900,000 in order to avoid collapse of the network. The growing Difficulty Bomb above 20% of standard difficulty is dangerous, and the latest safe block to enable new hardfork would be 6,100,000 with 550Gh of extra difficulty. Although considering the hardfork boundaries proposed by Ethereum Classic developers, block 5,900,000 was chosen for the hardfork.

Ethereum Classic fork infoEthereum Classic fork info

Block 5,900,000 is expected in May 2018 and will require 137Gh of additional difficulty. It’s an optimal block under current circumstances. It is worth noting that there will be no "free coins" with this fork, as it is a network improvement.

Implementaion:

if (block.number >= diffuse_block) {
    extra_difficulty = 0
} else {
    explosion = PREVIOUS_FORMULA
    extra_difficulty = int(2**explosion) 
}

block_diff = parent_diff 
      + parent_diff / 2048 * max(1 - (block_timestamp - parent_timestamp) / 10, -99) 
      + extra_difficulty

At the moment of press, these are main market parameters of Ethereum Classic:

  • Average price: $13,94 
  • Marketcap: $1 406 839 671
  • 24h volume: $99 729 900