Tweet
Ethereum classic (ETC) jumped to $42.29 in the last 24 hours in anticipation of merge happening next month. The merge will move from proof of work to proof of stake.
After the hack of the DAO project in 2016, a hard fork was executed and ethereum was relaunched, those who did not support the relaunch renamed the existing ethereum blockchain as ETC. There is an increasing possibility that another hard fork might be executed in order to continue using proof of work approach as several crypto figures have shown interest, one such notable figure is Chandler Guo, who also supported ETC fork has shown willingness to fork ethereum once again.
After the hack of the DAO project in 2016, a hard fork was executed and ethereum was relaunched, those who did not support the relaunch renamed the existing ethereum blockchain as ETC. There is an increasing possibility that another hard fork might be executed in order to continue using proof of work approach as several crypto figures have shown interest, one such notable figure is Chandler Guo, who also supported ETC fork has shown willingness to fork ethereum once again.