The truth is – it is indefinable and unsatisfied, but the most necessary, important and enduring thing in the world, Ralph Cudworth
Back to start by 2016, more precisely to the second month – April. Slock.it creates its ICO, where the main aim is the creation of a decentralized Autonomous organization, which later received the official title of DAO.
This event will forever remain memorable in the history of cryptotoken Ether, because the prologue to this event were the actions of one unknown cyber criminals.
Anonymous hacker immediately felt the vulnerability of the system, because they realized that large volumes of transactions began to take place in new, previously unknown and uncertified channels.
With one code snippet, it will successfully open the tap on the new channel and will be able to pour Ether in the amount of $60 million of the DAO. Note, at that time it was the biggest disaster for the Ether, who never lost huge sums.
Later, this information became public, and the owners of the Ethereum raised a serious panic in the network.
Investors began to sell their assets, and Ethereum Foundation is desperately searching for ways to save huge hacking in its history.
To some extent Ethereum_Foundation managed to solve this problem, and his decision forever made immutable and unwavering cryptocurrency in the future.
For this, the Ethereum had to go all hardwork to turn back the clock. Had to violate some of the principles of a blockchain, but these unconventional steps allowed the fork at one point to return all stolen funds to the former owners. Almost all were in shock from the behavior of the Ethereum Foundation, which broke the old and inviolable principles of the blockchain system. The victim was delivered reputation, but such steps failed to eliminate the adverse consequences, and the emergence fork Ethereum Classic (ETC) has opened a new era of cryptomeria. skip to content ↑
Ethereum Classic writes its own history
Classic, is such a substance that never ended a conversation that was started before her — Italo Calvino
Given that Ethereum (ETH) was only a fork, managed to turn back time and change the history of the formation of the blockchain, managed to split the Air into 2 independent cryptomonad, now known as ETH and ETC, and source code in both scriptactive identical.
But, after that, managed to change the blockchain technology in both networks and to put everything in its place.
The passage of time, can affirmatively say that 30% of the original source code GETH were rewritten for Ethereum Classic.
Now this code is known as a team ETCDEV.
Further Ethereum_Foundation decided not to run Ethereum, and for this purpose it was necessary to introduce a new Protocol Casper PoS, but the team considered that it was impossible to lose sight of the Classic, so it was custom made the decision to implement this chain of command ETCDEV.
Instead change the Protocol type, PoS, team ETCDEV allows you to make transactions using the PoW Protocol, which up to this time for several years was used for the leader of kriptonyte bitcoin.
In parallel, had to focus on the software application IoT, which, combined with blockchain technology provides differentiation under two chains of Ethereum.
The result of these Herculean efforts was the birth of a new generation of computers, which was called Sputnik Virtual Machine. Thus, opened a new era of computers that were compatible with both blockchain technology and devices like IoT. If you look on the practical side these steps, it is possible to compare the actions of developers on the example of the Emerald Wallet, where is the set of all instruments is perfect, not knowing failure, and most importantly, no one is worried that someone might disturb his peace of mind, for example the attack of cybercriminals. skip to content ↑
Is there any incentive for development ETC?
You know that miners are most in the world of cryptocurrencies adore ETC? That is difficult schemes of work Ethereum, forced the miners to be assured that the platform will not “throw” them in the difficult time of work.
Even the hardware on which miners spend tens of thousands of dollars, more than pays for itself, and they are not afraid of such changes, as, for example, the RX 470, which once almost questioned all the work of miners in the network.
But the miners are not the only one who will be forever love ETC, they make so-called “cups,” such as the Reddit, which supports and informs those who hold scriptactive in your Arsenal.
Note that Reddit allows owners ETC to maintain the tone and helps address issues of scalability, providing owners scriptactive third-party trusted software for operations.
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As in any classic work, you need to make accurate conclusions and predictions.
So Scandinavian Cryptocurrency Exchange (SCCEX), you can see that the token Ether Classic (ETC) controls the bright future of the cryptocurrency world (so at least you can see from the situation on the stock exchange).
The rationale here is compelling, and the main justification, is a unique integration of physical and virtual sphere of cryptocurrency.
According to the Doctrine of SCCEX can highlight the following aspects of the development ETC:
- There will be a unified platform that will work within the Internet, and this site will be a place where they will find all technical aspects of the management and colleagues, including based on the technology of IoT.
- Will create a powerful economic levers that will limit the effect of the marker in the case of increasing demand for third-party sites and protocols, such as on Callisto, PoW etc.
- You need to find a grain of truth at their market value in relation to their fellow Ethereum (ETH). You have to remember that the ETC and ETH are “brothers in blood”, but every cryptocurrency needs to go its own way.
- In 2018, have come new programs and platforms that will make to issue a formal “divorce” ETC and ETH, and such tools will be gamerammo, SCCEX, AETHER.
- In March-April 2018 start-free trades ETC on the crypto currency exchange SCCEX.
New software exchange will be open exclusively for high-tech investors, who can find interesting tools of the trade, but also ordinary captainvalor will not remain on the sidelines.
For the latter, the site has developed an exclusive platform ETC investment trust, which will allow you to manage your scriptactive, and have the opportunity to insure against force majeure, and the total workload is minimized.