Ethereum Classic to perform a hard fork

ECIP 1041 will be implemented in the coming ETC hard fork on May 29 to remove the Difficulty Bomb
24 May 2018   2239

Ethereum Classic has announced to perform a hard fork on May 29. Difficulty Bomb is going to be addressed with the fork. The Difficulty Bomb is an artificial increase of mining difficulty of Ethereum blockchain. It was introduced to incentivize developers to migrate to Proof-of-Stake consensus algorithm. Initially, EIP-2 introduced it into Ethereum Homestead.

As Ethereum Classic Mainnet is not going to migrate to PoS in the near future, it was decided to remove the feature for good. The actual removal is a simple task, but being a part of consensus rules makes it to be a Hard Fork. All the existing ETC peer implementations need to be updated along with providing time to allow miners, exchanges and the likes to upgrade.

Thus the Hard Fork boundaries are as follows:

  • earliest block is 5,700,000 in April, 2018;
  • latest block is 6,100,000 in June, 2018.

Block 5,900,000 shall mark the start of the Hard Fork. At the moment of publication, Ethereum Classic market characteristics are as follows:

Average price 15.14 USD
Market cap 1,541,672,706 USD
Volume (24H) 188,177,000 USD

Binance US to Accept Number of New Tokens

ADA, BAT, ETC, XLM and ZRX is now accepted by the United States branch of the world biggest exchange
24 September 2019   240

The American division of the cryptocurrency exchange Binance has opened the possibility of depositing digital assets Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX).

CZ said that trading in Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Binance Coin (BNB) will start in less than 24 hours.

The above crypto assets will be traded in pairs with fiat dollar and stablecoin USDT. In this case, until November 1, there will be a zero trade commission.