The Ethereum community had a hard fork this past week, and many celebrated a successful implementation. However, not everyone was enthusiastic about the fork as it only received 85% of the network’s hashing power. The Ethereum blockchain split into two, and the minority has been mining and now trading via Poloniex a “new” token supply called Ethereum Classic.
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Ethereum Classic Emerges
In the wee hours of July 23, the cryptocurrency exchange Poloniex introduced a new token its markets dubbed Ethereum Classic. This has caused a heated debate throughout the Ethereum community just days after celebration among the Ethereum Foundation members and members of the Slock.it development team of the implemented hard fork.
#Ethereum fork: exchanges are starting to reopen ETH withdrawals and deposits. Looks like @Poloniex is leading the charge #blockchain
— Stephan Tual (@stephantual) July 20, 2016
Ethereum Classic, otherwise known as ETC, has a lot of volume at Poloniex. Currently, the exchange is reporting over 18 thousand BTC in ETC trading with the troll-box going wild.