Ethereum Classic Hits 4-Month High as Merge Approaches

The upswing in ETC’s price coincides with the upswing of ETH.

Ethereum Classic Hits 4-Month High as Merge Approaches

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.

Ethereum Classic is a hard fork of the Ethereum blockchain co-founded by Vitalik Buterin and Gavin Wood. While both Ethereum forks point to 2015 as their launch, the Ethereum blockchain was rolled back and relaunched in 2016 after the hack of The DAO project, causing a split within the Ethereum community.

Those who did not support the relaunch maintained the original Ethereum blockchain, renamed to Ethereum Classic. Unlike Ethereum, which has no cap on the total number of coins, Ethereum Classic is capped at 210.7 million ETC.

Currently, ETC is the nineteenth largest cryptocurrency with a market cap of $5.6 billion.

While no longer a part of the broader Ethereum network, ETC is seeing a spike in activity thanks to the increased interest in the move from proof of work to proof of stake that Ethereum will soon undertake.

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.

i fork ethereum once,i will fork it again!

— Chandler Guo (@ChandlerGuo) July 27, 2022

Stay on top of crypto news, get daily updates in your inbox.

News Related


Ben Simmons makes Brooklyn Nets debut: 'I'm grateful just to be able to step on that floor'

Ben Simmons makes Brooklyn Nets debut: 'I'm grateful just to be able to step on that floor' NEW YORK — Brooklyn Nets guard Ben Simmons made his long-awaited debut with ... Read more »

Four alleged looters charged in Florida following Hurricane Ian

As Floridians begin to rebuild their communities, residents around Florida have made it clear they will protect what property they have left following the aftermath of Hurricane Ian. Getty Images ... Read more »

Herschel Walker denies report he reimbursed girlfriend's abortion

Herschel Walker denies report he reimbursed girlfriend's abortion The U.S. Senate candidate threatened to sue the Daily Beast. Herschel Walker, a Georgia football icon and U.S. Senate hopeful, has denied ... Read more »

Jets set to play against familiar face at QB in Dolphins matchup

The Jets will see an old friend at quarterback Sunday. Dolphins coach Mike McDaniel announced Monday that Teddy Bridgewater will start for Miami on Sunday against the Jets with Tua ... Read more »

Man stands trial for rape in Australian Parliament House

Man stands trial for rape in Australian Parliament House A judge reminded potential jurors of the importance of impartiality at the rape trial of a former Australian government staffer Bruce ... Read more »

Examining both ways to look at Mets’ debacle against Braves

We’re going to divide the column in half today, dear reader, so be prepared. Up first: The Glass Half Empty Look, it is useless to sugarcoat the amount of damage ... Read more »

See aerial pictures that show Hurricane Ian's toll

The devastation on Fort Myers Beach is clear in a view south of Matanzas Pass Preserve. Thomas James for WGCU/NPR hide caption toggle caption Thomas James for WGCU/NPR Hurricane Ian ... Read more »

Giancarlo Stanton blasts 30th home run to become third Yankee to pass threshold this season

ARLINGTON — Aaron Judge watched in the background. Giancarlo Stanton blistered his 30th home run of the season Monday night to help the Yankees to a 3-1 win over the ... Read more »

Debbie Collier murder: Who is trucker mentioned in 911 call?

Debbie Collier was involved in an accident with a truck driver that pleaded for her not to involve the cops due to them being out on parole. Facebook/Tammy Doty More ... Read more »

Digi Postpaid Infinite plans are back, free iPad from Postpaid Family Unlimited plan and many more

In another round of Juara Internet Untuk Semua by Digi, this new campaign is available for all new and current Digi customers to enjoy exciting offers. From free devices to ... Read more »

91% of CEOs see tougher recession: KPMG

51% of CEOs are considering workforce reductions over next six months Read more »

Harley Quinn's Sanaa Lathan Weighs In On The X-Rated Scene Cut From The HBO Show

DFree/Shutterstock Fans went berserk when they discovered that Batman is apparently a selfish lover in 2021’s most hilarious controversy. In a 2021 interview with Variety, Justin Halpern, executive producer for ... Read more »

Royce O’Neale shines in Nets preseason opener

Here’s an early takeaway from the Nets’ first preseason game — a 19-point loss to a shorthanded Philadelphia 76ers team with more positives to glean than the score would indicate: ... Read more »

Diver from Huntington Beach is found dead near Catalina

A diver reported missing early Monday near Catalina was found dead after a search by the U.S. Coast Guard, Los Angeles County Sheriff’s Department and the L.A. Port Police. The ... Read more »

FOX Business Network announces new season of FBN Prime to mark 15th anniversary

FBN Prime celebrates ‘American business, ingenuity and the enduring entrepreneurial spirit' Read more »

Giancarlo Stanton’s bat showing signs of life in much-needed Yankees boost

ARLINGTON, Texas — After homering on Saturday, Giancarlo Stanton said it would take more than one swing or one game to feel like he was fully back on track offensively. ... Read more »

'Los Espookys' is a very odd and very good show

The cast of Los Espookys in a scene from the second season. Pablo Arellano Spataro/HBO hide caption toggle caption Pablo Arellano Spataro/HBO Los Espookys is very odd and very good ... Read more »

Why Disaster Relief Underserves Those Who Need It Most

Part of a destroyed mobile home park is pictured in the aftermath of Hurricane Ian in Fort Myers Beach, Florida on September 30, 2022. GIORGIO VIERA/AFP via Getty Images hide ... Read more »

A cannabis bribe and arson: Former Adelanto councilman sentenced to federal prison

A former Adelanto city councilman convicted of taking a $10,000 bribe to help open a cannabis business and also hiring someone to burn down his restaurant for an insurance payout ... Read more »

Georgia Senate GOP Candidate Herschel Walker Denies Paying for Abortion — Son Says He ‘Threatened to Kill Us'

Herschel Walker, the Republican nominee for a Senate seat from Georgia who has called for a total ban on abortion, was accused in a new report of paying for a ... Read more »

White Sox' Miguel Cairo Emotional Discussing Tony La Russa's Impact

Cairo emotional discussing La Russa stepping down originally appeared on NBC Sports Chicago What has Tony La Russa meant to Miguel Cairo? It’s a question Cairo has been asked on ... Read more »

Manhattan Apartment Sales Fall 18% in Third Quarter, Marking Reversal

Manhattan apartment sales fell 18% in the third quarter, putting the brakes on New York’s real estate comeback. The figure last fell in the fourth quarter of 2020, and marks ... Read more »

Giants hoping for Wan’Dale Robinson, Kadarius Toney speed injections

The Giants’ receiving corps either is about to be ridiculously short-handed or get the boost of speed that it so desperately needs. It “does not look promising” that Kenny Golladay ... Read more »

Mets set for doubleheader vs. Nationals with slim NL East hopes still alive

The Mets’ slim NL East title chances remained alive Monday night. With the Braves’ 4-0 loss in Miami, the Mets moved within 1 ½ games of Atlanta in the division. ... Read more »

Odell Beckham back at Giants facility to visit Sterling Shepard

The Giants need a dynamic wide receiver in the worst way. Odell Beckham Jr. is available and he was once a dynamic wide receiver for the Giants in the best ... Read more »

‘Black Panther’: Ryan Coogler Almost Quit Directing After Chadwick Boseman’s Death

Ray Tang/Anadolu Agency/Getty Images Ryan Coogler, the Black Panther screenwriter and director, almost quit filmmaking after the death of Chadwick Boseman. “I was at a point when I was like, ... Read more »

France eyes billion-dollar warplane deals in new strategic partnership with India, UAE

France could soon receive billions of dollars of new military orders from its recent formation of a trilateral strategic partnership with India and the United Arab Emirates, analysts have said. ... Read more »

Collision in Richmond, B.C. leaves motorcyclist dead

The scene of a fatal motorcycle crash in Richmond on Monday afternoon. RCMP are investigating a fatal collision involving a motorcycle in Richmond, B.C., on Monday. Emergency crews were called ... Read more »

Cubs' Hayden Wesneski Closes ‘Crazy' Year Strong in Power Rankings

Cubs’ Hayden Wesneski finishes strong in ‘crazy’ 2022 originally appeared on NBC Sports Chicago CINCINNATI — Who would have believed at this time last year that Hayden Wesneski, an off-the-radar ... Read more »

3 technologies to save electricity on LG air conditioners

The amount of electricity consumed is a concern of many people when choosing to buy an air conditioner, because the large amount of electricity consumed means that at the end ... Read more »

Unheralded Giants tight ends making up for lackluster wideouts

If there is a more obscure position group across the NFL than the Giants’ tight ends, odds are those players are not nearly as productive as this trio of unknowns. ... Read more »

Panel rejects $1-million payouts to inmates given vaccine overdoses

DES MOINES, Iowa —  A state board on Monday rejected claims for $1-million payments for 52 prison inmates who were given six times the proper dose of COVID-19 vaccine last year. ... Read more »

Another West Kelowna, B.C. family alleges shoddy work, misleading documents in new home purchase

From alleged shoddy work to misleading occupancy documents, a West Kelowna, B.C. family says their pre-construction purchase has left them in a ‘nightmare situation.’ And now another family has come forward ... Read more »

Deebo Samuel, relentless defense help 49ers cruise past Rams on ‘MNF’

SANTA CLARA, Calif. — Deebo Samuel turned a short catch into an electric 57-yard touchdown, Talanoa Hufanga returned an interception for a score and the San Francisco 49ers beat the ... Read more »

How to Disable Touch Screen in Windows 10/11

Sometimes, you may find the need to disable the Touch Screen on your Laptop computer. You can find below different methods to disable Touch Screen in Windows 10/11. Disable Touch ... Read more »

Ed Sheeran to Bring Stadium Show to Soldier Field in 2023

Multi-platinum recording artist Ed Sheeran will bring his massive world tour to the city of Chicago next summer, performing a show at Soldier Field in July. Sheeran, best-known for hit ... Read more »

‘Moonlighting’ Creator Glenn Gordon Caron Tweet Raises Reboot Speculation: “Disney And I Have Put Our Heads Together And Come Up With A Plan”

Cybill Shepherd and Bruce Willis ABC / Courtesy Everett Collection Maddie and Addison, back again? A cryptic tweet from writer/producer Glenn Gordon Caron suggests we’re either about to get a ... Read more »

Joan Hotchkis Dies: ‘The Odd Couple’ & ‘Legacy’ Star Was 95

Joan Hotchkis on the set of ‘The Odd Couple’ in 1971 ABC Photo Archives / Disney General Entertainment Content / Getty Images Joan Hotchkis, a veteran actor, writer, screenwriter and ... Read more »

Indonesia Is the Best-Performing Asia-Pacific Market So Far This Year

The Jakarta Composite index saw sharp falls in May and July before playing catch-up, and has stayed above the 7,000 level since early August. Foreign investment into stocks has driven ... Read more »

WIKO 10 Malaysia release: coming soon on 7 Oct with a free pair of headphones, priced at RM699

Today, Wiko Malaysia just announced a new WIKO 10 phone. The phone will come in three colours – Klein Blue, Silver and Black and will be available from the 7th of ... Read more »
Breaking thailand news, thai news, thailand news Verified News Story Network