In 2016, the DAO, an Ethereum-based entity, suffered a $150 million worth code exploit later known as “the DAO hack.” The community performed a hard fork to recover the funds, causing a split into Ethereum (ETH) and Ethereum Classic (ETC).
Notably, the Ethereum Classic surged from the most purist supporters, positioned against the hard fork to preserve the chain’s irreversibility. However, the reversed blockchain won the market competition, keeping the original name and the ticker ETH — further attracting more capital.
In 2022, Ethereum hard-forked again with “The Merge,” moving from a proof-of-work to a proof-of-stake network. Therefore, miners and proof-of-work supporters migrated to the classic chain, now with greater relevance.
ETC is currently trading at $29.50, surging by more than 41% since the Bitcoin ETF approval that moved the entire cryptocurrency market. In particular, the classic version reached a local high at $32.16 on January 11, still far behind the biggest
We współpracy z: https://finbold.com/machine-learning-algorithm-sets-ethereum-classic-price-for-january-31-2023/
