Skip to content

  • by

With anticipation building for the Ethereum merge next month, the price of Ethereum Classic (ETC) hit a four-month high of $42.29 per coin today, an increase of 15 percent in 24 hours, before settling slightly lower for the day, according to CoinMarketCap.
Notably, as the merge draws near, some members of the Ethereum community are again debating whether to execute another hard fork of the Ethereum blockchain to preserve the proof-of-work approach. Leading Chinese cryptocurrency figure Chandler Guo recently suggested the creation of ETHPOW.

  • by

During the last two weeks, ETC has climbed more than 124% against the U.S. dollar, and the network’s hashrate has spiked a great deal.
And many news are referring ETC could be a great place to absorb the MH power from ETH
Vitalik Buterin said: ETH has no plans to give up on switching to Proof-of-stake. If you like Proof-of-Work, you can use Ethereum Classic (ETC). It’s a totally working network.
And Bitmain Accepts ETC Payments for Mining Machines and Invests $10 Million to Support ETC Ecosystem.

  • by

ETH is closing to switch the reward mechanism from POW to POS. Which means, there is no longer needed for such large scale of hash power. But how and where should all these hash power to migrate?

The goal of ETC developers is just keep the original ETH, which means they are not going to switch the POW to POS.
By the time when ETH finally merge to POS in Sept. 2022, the coin price of ETC could rise like a rocket.
And currently, the price is ETC is $26.

  • by

U.S. federal funds rate futures show that the Federal Reserve has an 80% chance of raising interest rates by 75 basis points again in September, which will have a huge impact on the crypto market and is likely to lead to a decline in the crypto market.