Ethereum Classic (ETC): HYPE or Something More?? 🤔


📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🛒 Kucoin Fee Discount Up To 60% 👉 https://guy.coinbureau.com/kucoin/
👕 “Ethereum Evolution” Shirt 👉 https://store.coinbureau.com
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/

~~~~~
📺Essential Videos📺

Last Ethereum Classic Vid 👉 https://youtu.be/xcenZlBdmzM
Last Ethereum Vid 👉 https://youtu.be/iWKEKffFz6I
Cryptocurrency Tokenomics 👉 https://youtu.be/ftCaqG7wckg
Crypto Technical Analysis Tutorial Part 1 👉 https://youtu.be/lW3eWIj3Q04

~~~~~

– TIMESTAMPS –
0:00 Intro
01:45 History of Ethereum Classic
03:26 The DAO Hack
06:55 Ethereum Classic vs. Ethereum
10:21 ETC Price Analaysis
13:24 Who Hacked The DAO?
16:54 Conclusion

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► DAO Hack Explained In Detail: https://ogucluturk.medium.com/the-dao-hack-explained-unfortunate-take-off-of-smart-contracts-2bd8c8db3562
► Ethereum Classic Explained: https://ethereumclassic.org/knowledge/what-is-etc
► IOHK Treasury Proposal Ethereum Classic: https://etccooperative.org/posts/treasury-polls
► Slock It DAO Hack “Apology”: https://blog.slock.it/the-history-of-the-dao-and-lessons-learned-d06740f8cfa5
► Ethereum Classic Pseudonymous Co-Founder: https://twitter.com/bit_novosti?lang=en
► Open Letter From DAO Hacker: https://pastebin.com/CcGUBgDG


~~~~~

⌛History of Ethereum Classic⌛

According to Cardano founder Charles Hoskinson, Ethereum’s initial founders had two different philosophies about the best way to develop cryptocurrencies

Some of them believed in the idea that code is law – what happens on the blockchain stays on the blockchain for better or for worse

Others however believed in mutability in the name of innovation. In other words, if something bad happens on the blockchain, steps should be taken to fix it

Ethereum Classic was created because of an event that put both of these crypto philosophies into question

👨‍💻The DAO Hack👨‍💻

The DAO was created by a Germany start up called Slock in June 2016, and within a month of launching over 150 million dollars’ worth of ETH had been deposited into the DAO smart contract

On June 17th 2016, an anonymous hacker drained 50 million dollars’ worth of ETH from the DAO smart contract, equal to about 5% of all the ETH in circulation at the time

After disagreements about how to respond to the incident, Ethereum forked on the 20th of July 2016, creating two separate blockchains

The Ethereum chain where the DAO hack never happened, and the Ethereum Classic chain where the ETH remains stolen for better or for worse

🥊Ethereum Classic vs. Ethereum🥊

Ethereum Classic is almost identical to Ethereum save for a few minor differences. Ethereum Classic is committed to immutability – what happens on the blockchain stays on the blockchain

ETC also has completely different tokenomics than ETH. This is because of a change to Ethereum Classic in December 2017, which reduces ETC block rewards by 20% every 5 million blocks

This will continue until ETC hits its maximum supply of 210 million 700 thousand, which is expected to occur sometime in 2042

📈ETC Price Analaysis📈

ETC’s price action is as parabolic as it gets. ETC has gone up by more than 20x since the start of the year. This rally began back in April, and there are three things that could have caused it

Most of this seems to be institutional investment via Grayscale. Grayscale’s Ethereum Classic trust has been around since 2018, and the trust seems to be holding more than 13% of all the ETC in circulation

🕵️‍♂‍ Who Hacked The DAO?🕵️‍♂‍

It seems apparent that the DAO hack was not driven primarily by profit, but by ideology. If it were for profit, the hacker would have drained all the ETH from the DAO smart contract

The public letter to the Ethereum community shows that this individual is committed to the idea that code is law

Taken together, these facts lead me to believe that the person who hacked the DAO is likely one of the pseudonymous founders of Ethereum Classic

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Ethereum #ETC #crypto #ethereumclassic #blockchain #DAO

Emerging Forex Signals Applications

It has been observed that Foreign exchange trading stands among the most important businesses all over the world in current years. There are lots of investors that are entering into business of Foreign exchange profession on a wide variety throughout the world. Numerous difficulties can be encountered by newbies at the first stages of trading that is why Foreign exchange signals were presented.

Trading Forex Online? How to Define an Exit Point, Also Called a Stop/Loss?

Trading Foreign exchange has in current years end up being easier as the software made use of to trade with has actually been in a growth. The software has ended up being more user-friendly as well as traders have access to innovative trading tools. Despite the growth trading is still risky and also the investors have to adhere to their trading method. In this post I will offer examples of how to establish an exit point in a profession.

Gold Remains the Safe Haven Even As It Flirts With a Key Support

With a lot uncertainty in the industry financiers proceed to search for secure financial investments to shield their capital, which is why gold has actually been an eye-catching investment in the last couple of years. Although long-lasting charts dictate that gold rates have actually covered and also are currently going into a consolidation period, financiers could not desire to be too quick to reveal that the gold bubble has ruptured.

Exchange Traded Derivatives Are Very Complex

Exchange traded by-products are a distinctly complex function that people that trade on the free market have actually familiarized themselves with. It calls for one to comprehend a variety of challenging variables, so it’s possible that these terms would fly right over the head of the average person.

Trading Forex Online? What Is a Candlestick Chart and How to Read a Candlestick Chart?

Day investor or investors that are looking for longer professions’ candle holder charts work as they give a great deal of understanding about the direction on the market. In this write-up I will certainly undergo what a candlestick graph is as well as terms investors use in link to them. I will certainly likewise create how to review them.

You May Also Like