Ethereum Classic Fork Successful: “Difficulty Bomb” Diffused
With the success of the Ethereum Classic fork, what’s next for ETC?
Ethereum Classic Fork: What Happened?
The Ethereum Classic fork was completed to diffuse the so-called “difficulty bomb” that was coded into the Ethereum code. This code basically causes Ethereum mining to become more difficult once it switches to its new consensus algorithm.
The fork was necessary for a couple of reasons. First, the difficulty bomb would have made Ethereum Classic mining unprofitable – which is certainly less than ideal for ETC miners. But ultimately, it also came down to a friction in …
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.