{"id":23083,"date":"2021-09-03T02:57:21","date_gmt":"2021-09-03T02:57:21","guid":{"rendered":"https:\/\/helpsfortech.com\/?p=23083"},"modified":"2021-09-03T21:04:36","modified_gmt":"2021-09-03T21:04:36","slug":"ethereum-classic-price-and-price-analysis-in-2021","status":"publish","type":"post","link":"https:\/\/helpsfortech.com\/ethereum-classic-price-and-price-analysis-in-2021\/","title":{"rendered":"Ethereum Classic price and price analysis in 2021"},"content":{"rendered":"
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However, a decision still had to be made, and the\u00a0<\/span>Ethereum Foundation<\/span><\/strong>\u00a0decided to resign themselves to following the third option, in order to cancel the hack by returning the lost funds to the original DAO investors.\u00a0It should be noted that the decision was globally approved within the community of Ethereum holders.<\/span><\/p>\n

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Many ignore it, but Ethereum Classic is the original Ethereum.<\/span><\/figcaption><\/figure>\n<\/div>\n

For information, we remind you that the hard fork comes down to the point where a new Blockchain separates from an already existing one at a specific block.\u00a0Of course, the new creation also has\u00a0its own\u00a0<\/span>protocol<\/span><\/strong>\u00a0and is therefore not backward compatible.\u00a0In other words, the two versions can no longer interact with each other.<\/span><\/p>\n

As the creation of the new crypto was carried out due to a hack,\u00a0<\/span>the number of blocks<\/span><\/strong>\u00a0that were validated corresponds to that of the blocks that existed at the time of the attack, ie 1,920,000. On the other hand, being Since the project had moral agreement from the community, it was easy for it to maintain the Ethereum name.<\/span><\/p>\n

However, those who were against the procedure, and who decided to stay on the old Blockchain, have their crypto named Ethereum Classic. All in all, they were only a fraction of the Ethereum community(check Free Ethereum<\/a>).<\/span><\/p>\n

The reason why not everyone has agreed to migrate to the new crypto basically comes down to\u00a0<\/span>the principles of immutability<\/span><\/strong>.\u00a0Indeed, Ethereum was originally created with the aim of\u00a0<\/span>revolutionizing the financial industry. <\/span><\/strong>through these. Moreover, this explains the slogan of the cryptocurrency, which invites to the creation of an infinite number of applications. Therefore, the very idea of \u200b\u200bmigrating to another cryptocurrency contradicts the fundamental principle of Ethereum. The main argument of these users was that the cryptocurrency would lose its deep sense of immutability if every time there is a problem, we force a hard fork. Thus, they inevitably ended up supporting the Ethereum Classic project, while the Ethereum Foundation, as well as the vast majority of users, switched to the new crypto. To sum up, we can say that what happened with this cryptocurrency is similar to the case of <\/span>Bitcoin<\/strong><\/a>\u00a0and\u00a0<\/span>Bitcoin Classic.<\/span>, even if the creation of the latter was not caused by a hack.<\/span><\/p>\n

The future of Ethereum Classic:<\/span><\/h3>\n

As Ethereum is a\u00a0<\/span>decentralized cryptocurrency<\/span><\/strong>, it is impossible to predict with precision how its price will act in the future.\u00a0The biggest developer organization is called\u00a0<\/span>ETCDEV<\/span><\/strong>.\u00a0She alone can give you an idea about the future of cryptos.<\/span><\/p>\n

To believe the statements of the developers of Ethereum Classic, it would seem that for the moment, there are only plans which are projected on the short and medium-term, and these last are based primarily on the strengthening of the security of the cryptocurrency and on the decentralized network.<\/span><\/p>\n

In addition,\u00a0<\/span>the<\/span><\/strong>\u00a0main goal\u00a0of the developer organization<\/strong>\u00a0is to get rid of the difficulty bomb by launching a Dapp SDK, new ETH code, sidechains, and a series of other optimizations.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

However, a decision still had to be made, and the\u00a0Ethereum Foundation\u00a0decided to resign themselves to following the third option, in order to cancel the hack by returning the lost funds to the original DAO investors.\u00a0It … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":23084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9,33],"tags":[12913],"_links":{"self":[{"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/posts\/23083"}],"collection":[{"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/comments?post=23083"}],"version-history":[{"count":1,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/posts\/23083\/revisions"}],"predecessor-version":[{"id":23085,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/posts\/23083\/revisions\/23085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/media\/23084"}],"wp:attachment":[{"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/media?parent=23083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/categories?post=23083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/helpsfortech.com\/wp-json\/wp\/v2\/tags?post=23083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}