Ethereum Classic hardfork implemented

ECIP 1017 proposal for Ethereum Classic network implemented
12 December 2017   1343

At 11th of December, the Ethereum Classic hardfork implemented at block 5 000 000.

Thanks to the implementation of the ECIP 1017 proposal, the predicted total supply of crypto currency will be limited to 210 million coins (and not 230 million, as it was before). Decrease in supply will be achieved through the implementation of the deflationary model of monetary policy. The latter implies a 20% reduction in the reward for the block now, and then every subsequent 5,000,000 units extracted.

Currently, the production rate of 250,000 blocks is about 40 days. Thus, with the same level of network complexity, the next reduction of the award by 20% will be approximately in two years.

According to the developers of Ethereum Classic, such a monetary model is optimal, since it excludes uncertainty associated with "halves" and makes coin emission more stable. This, in their opinion, in the future should favorably affect the exchange value of the currency.

Crypto Ups and Downs on 5 - 12 Feb

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week from Feb 5 to Feb 12
13 February 2018   312

From this article you will learn about the most unpredictable ups and downs of cryptocurrencies. We have analyzed the crypto market, and researched the most popular tokens and coins with market capitalization over $1M. In the charts below you can find all relevant information regarding the leaders of growth and fall during past 7 days.

In comparison with the previous week charts, when cryptocurrencies were mostly decreasing, this week was rather successful for coins and tokens in terms of price. The biggest gainer of Feb 5 - Feb 12 week is Revain token, which increased 153,05%, having grown from $1,36 on February 5 to $2,54 on February 12.

As for the coin with the greatest market capitalization, which rose significantly, this week is represented by Lisk cryptocurrency, which increased from $14,89 to $25,28 within 7 days, with its market cap rising from $1,7 billion to $2,9 billion during the same amount of time.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Lisk 3 203 515 213 27,14 57 641 800 + 98.51
Ethereum Classic 2 957 854 243 29,63 672 762 000 + 93.25
Revain 580 039 915 3,14  26 683 900 + 153.05
ZClassic 402 497 195 121,85 10 925 800 + 89.96
Enigma 224 350 609 3,00 13 092 800  + 89.03

Nevertheless, past week was not so fortunate for some of cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, but did not decrease a lot, most of the cryptocoins lost less than 10%.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Populous 1 007 623 353 27,23 14 226 700 - 5.77
SmartCash 170 180 818 0,244776 310 954 - 4.17
Lykke 42 578 721 0,156602 73 457 - 4.91
Delphy 38 335 880 1,26 1 544 820 - 2.20
bitCNY 35 002 254 0,163426 40 363 500 - 8.18

The greatest downer of this week is bitCNY, which fell 8,18%, having its market capitalization decreased from $46 million to $34,9 million only within 7 days. Moreover, Populous, the token which has a huge market cap of more than $1 billion, has also had a relatively unsuccessful week. Populous fell 5,77%, having its price dropped from $45,7 to $24,07 from February 5 to February 12.