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Ethereum Classic (ETC) Very Likely To Outperform Ethereum (ETH) In 2019

Ethereum Classic (ETC) is recovering after a 51% attack that significantly damaged its reputation. However, its price did not suffer the way one would have expected as a result of the backlash on popular social media forums. Perhaps, this was because most of those people that projected the attack as the end of Ethereum Classic (ETC) were not invested in the cryptocurrency in the first place. So, when things normalized, a lot of people took this opportunity to accumulate more which is why we saw Ethereum Classic (ETC) stay its ground even as most other cryptocurrencies tumbled in the weeks...

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Ethereum Classic (ETC) Labs Gets A New Development Team And Price Rallies

Ethereum Classic (ETC) is once again rising from the ashes as it always has. The cryptocurrency which had its reputation marred by debates around the recent 51% attack has just got a new development team, ETC Labs Core. This team is supposed to start where ETC Dev left off but they are going to focus more on things that matter to the average investor. In other words, they are going to focus on building innovative Dapps on the Ethereum Classic (ETC) blockchain and also work towards the IOT (Internet of Things) promise that ETC Dev failed to deliver on. Members...

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If a Cryptocurrency Can’t Be 51% Attacked, Then It Isn’t Decentralized

Recently, 51% attacks have gained some attention in the media due to the recent double-spending attacks on the Ethereum Classic network. This could turn into a growing trend as many altcoins are susceptible to this kind of attack. While most of the recent coverage has been focused on the security issues presented by 51% attacks, Litecoin creator Charlie Lee has pointed out that the ability to be 51% attacked is actually a sign of decentralization. https://twitter.com/SatoshiLite/status/1082491687169998848  Without Permissionless Mining, a Cryptocurrency is Relatively Centralized For the most part, cryptocurrencies use permissionless consensus algorithms like proof-of-work, which allow anyone to participate...

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Why Ethereum Classic (ETC)’s 51% Attack Is Not A Deal Breaker

Chart for ETC/BTC (1D) Ethereum Classic (ETC)’s 51% attack seems to have shocked a lot of people but for the wrong reasons. It is disconcerting for a blockchain of such repute to experience a 51% attack but we mustn’t pretend that such attacks have not happened in the past. Vertcoin and Bitcoin Gold are two other coins that have experienced such attacks in the past. They are doing well, moving along with the rest of the market and there future prospects seem unhindered by the attack. This is because things are happening at such a rapid pace in this space...

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Has Ethereum Classic (ETC) Failed As A Cryptocurrency Investment?

Ethereum Classic (ETC) has remained strong above the trend line support. For a cryptocurrency that just suffered a 51% attack, this is some solid resilience. It is like Ethereum Classic (ETC) community has not been affected at all by the recent attack. They are still loyal to the cryptocurrency which is why it loses the least after Bitcoin (BTC) and stable coins during a market crash. We have seen this pattern repeat over and over again. Ethereum Classic (ETC)’s community appears to be more loyal than the Ripple (XRP) community. The difference is that the ETC community is a lot...

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