Ethereum Classic Hash Rate Explodes After The Merge

With Ethereum’s long-anticipated Merge finally complete, the network’s miners may have already found a new home in Ethereum Classic. The original Ethereum chain saw its hash rate explode following Thursday’s monumental upgrade.  Inheriting Ethereum’s Miners According to data from 2Miners, Ethereum Classic’s hashrate is now up to 305.65 terrahashes per second (TH/s). On late Wednesday, it stood at just 80 TH/s.  For context, 1 terrahash is equal to 1 000 000 000 000 hashes. These are guess answers generated by…

Cardano Founder Hoskinson Calls Ethereum Classic “A Dead Project”

Long-running tension between the Ethereum Classic Community and Cardano founder Charles Hoskinson appears to have gathered steam once more. Hoskinson slammed the platform in a tweet as he responded to allegations from a vocal Ethereum Classic advocate with the username “SETHMCCORMACK9.” Hoskinson Fires Back at Accusations of Plans to “Milk ETC” The accusatory post claimed Hoskinson was looking to take advantage of ETC by imposing a 20% miner tax.  No drama, just saying that SHA-3 and also a treasury was…

Privacy Protocol Grin Suffers 51% Attack

The anonymous cryptocurrency, Grin (GRIN), is currently under a 51% attack. This was confirmed yesterday by Grin’s second mining pool, 2Miners, which issued an alert on Twitter. It is believed that a group of unknown miners now control 57% of the payment network hashrate. A chart from Grinscan data also shows that the share of hashrate controlled by this unknown entity has since increased to 57.4%. [caption id="attachment_20013" align="aligncenter" width="807"] Source: 2miners via Twitter[/caption] As a reminder, 51% of attacks…

ECC Board Member Quits Cites Executive Director Abuse For Decision

One of Ethereum Classic Cooperative's (ECC) board members, James Wo, has quit a position he has held on the board since 2018. His resignation is effective from Tuesday, March 17, 2020. Mr Wo blamed gross mismanagement on the executive director, Bob Summerwill's part for his decision. He suggested that Mr Summerwill lacks the necessary integrity and judgement to build the organization. Further, Mr Wo portrayed Mr Summerwill’s regime as incompetent, chaotic and bereft of financial ethics. Pursuing Personal Interests Mr…

Beginner’s guide to Ethereum Classic

Ethereum Classic (ETC) is an open-source blockchain network that is embedded with smart contract technology.  It operates on the Turing-complete virtual machine of Ethereum, and it is known as the real Ethereum following the hard fork that took place some years back to yield the new Ethereum, which we popularly know. Ethereum Classic in a Nutshell It is the original Ethereum, which kept its blockchain distributed ledger intact following the hack of funds deposited in the DAO smart contract.  It…

Ethereum Classic Exposes The EAgharta Scam

Following the completion of the Ethereum Classic (ETC) hard fork, a scam exploiting users recently got revealed. The ETC development organization addressed the fraud while cautioning people. On the 13th of January, the ETC cooperative tweeted, exposing an alleged scam claiming to be “EAgharta.” The Agharta fork went live on the 12th of January and improved interoperability with protocol changes introduced to its blockchain through its Constantinople and St Petersburg upgrade in 2019. The scammers behind EAgharta, are trying to…

ETC Agharta Upgrade Goes Live on Mainnet

On the 12th of January 2020, the Agharta upgrade of the Ethereum Classic took place on the mainnet. It occurred in block 9 573 000. There was also successful implementation of its networks, which include Morden, Morder, and Kotti.  Likewise, the upgrade achieved the addition of Ethereum Constantinople Opcodes of Ethereum Classic, ETC mainnet. The upgrade’s objective was to make some changes in Constantinople bitwise shifting instructions, Constantinople skinny CREATOR opcode, and Onstantinople EXTCODEHASH. Additionally, the upgrade focused on increasing…

The Forthcoming Launch of Agharta Hard Fork

An Ethereum Classic Network hard fork, known as Agharta, is forthcoming. This hard fork will consist of Ethereum Constantinople fork features. Similarly, the hard fork intends to achieve complete compatibility between ETC and ETH. As per the 26th of December press release, ETC labs confirmed its agenda to achieve complete compatibility. According to Terry Culver, Ethereum Classic Labs is one of the first incubators to support innovative projects on the  Ethereum Classic Blockchain. The compatibility between the ETC network and…