Post
Topic
Board Speculation (Altcoins)
Re: Etherium Classic - Callisto airdop 5th of March 2018
by
Nestade
on 02/03/2018, 18:00:30 UTC
sorry, but why is ethereum classic price falling??

Because it's already too high for what it's offering?

What is ETC beside a hyped fork which will be forked? One hyped fork can't keep the price high all the time. It doesn't have the support of any real business.

In 2016 a decentralized autonomous organization called The DAO, a set of smart contracts developed on the platform, raised a record US$150 million in a crowdsale to fund the project. The DAO was exploited in June when US$50 million in ether were claimed by an anonymous entity. The event sparked a debate in the crypto-community about whether Ethereum should perform a contentious "hard fork" to reappropriate the affected funds. As a result of the dispute, the network split in two. Ethereum (the subject of this article) continued on the forked blockchain, while Ethereum Classic continued on the original blockchain. The hard fork created a rivalry between the two networks.

After the hard fork related to The DAO, Ethereum subsequently forked twice in the fourth quarter of 2016 to deal with other attacks.[45] By the end of November 2016, Ethereum had increased its DDoS protection, de-bloated the blockchain, and thwarted further spam attacks by hackers.

Source: https://en.wikipedia.org/wiki/Ethereum#The_DAO_event

ETC is not a fork.