Bitcoin Breaking News Brief

2016/07/24 4:35 PM

The  Ethereum Hard-Fork has been a highly divisive event on the cryptocurrency landscape. The hard fork, along with a rescue soft-fork in the weeks prior, has been a godsend to those who invested in The DAO, a smart contract built on Ethereum that ended in one of the most catastrophic implosions in Crypto history. With 12% of the extant Eth tied up in the DAO, The majority of Ethereum hashpower decided to hard-fork to refund DAO investors their money and ‘start fresh.’

Read also: Ethereum Hard Fork Update Finally Arrives

Dissent Spawns Ethereum Classic

 

The methods taken to enact this change on the Ethereum blockchain dissatisfied many, however, and a not insignificant portion of people involved in Ethereum saw this as a bailout, and a unilateral, censorial action on the part of Vitalik Buterin and his group of developers. This dissatisfaction Spawned Ethereum Classic, an alternative Ethereum implementation that acts…



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