Categories: CryptoNews

Ethereum Classic Voices Disagreement With Hard Fork Decision

The world of cryptocurrency never knows a dull moment, and it looks like there is now an Ethereum Classic project to compete with the main Ethereum branch of development. We have seen a similar trend in the Bitcoin world, where Bitcoin Core and Bitcoin Classic are at odds as well. By the look of things, some people have not taken kindly to the Ethereum hard fork.

Ethereum Classic – A Joke Or A Serious project?

Most people will automatically assume the Ethereum Classic project is just a joke, and should not be taken seriously. In most cases, they would be right to think so. However, there is an active Github repository explaining why this “new client” has been created.

As the name would suggests, the primary objective is to ensure Ethereum should remain censorship-resistant. The hard fork which the majority of the community voted for, is not something that sits well with everyone. The Ethereum Classic page even goes as far as stating:

“Ethereum Foundation responded to DAO debacle in the worst way possible. Special interests controlling the Foundation are ramming through DAO bailout hard fork against the principled opposition of a significant economic minority of Ethereum stakeholders.“



Related Post

Ensuring survival of the original blockchain will be quite a difficult challenge, although the Ethereum Classic team seems confident they can pull it off. Bailing out

The DAO and its creators is not necessarily the best plan of action. A hard fork of the source code sets dangerous precedents for the future.

For now, it is doubtful this project will gain any success, assuming it should be taken seriously in the first place. It is good to see people getting vocal about their disagreement with the hard fork decision, though. The coming weeks will be quite interesting, to say the least, depending on how much support Ethereum Classic can garner.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Meme Coin $PEPE Reaches All-Time High, Driving Massive Profits For Whales

The popular meme coin $PEPE hit a new all-time high yesterday, pushing all addresses into…

13 mins ago

Bitcoin Surges to $64K, XRP and BlockDAG Capture Attention

Bitcoin Reclaims $64K, XRP Eyes $104 by 2040, BlockDAG Impresses with $26.8M Presale and New…

4 hours ago

BlockDAG’s Dashboard Upgrade: $14.7M Polygon Sell-Off, GRT Surge

BlockDAG's Dashboard Upgrade Sets New Transparency Standard, Influencing Over Polygon News & GRT's 11.04% Price…

7 hours ago

Akash Network And Worldcoin Lead Market Momentum: Is This New DeFi Coin Set To Soar 1,000%?

The crypto market is always evolving, with new projects constantly emerging. A project currently excelling…

13 hours ago

BlockDAG’s Piccadilly Event Draws BNB & Bitcoin Cash Investors

BNB Enthusiasts Rally at BlockDAG's Notable London Piccadilly Showcase with $26M Presale Amid Bitcoin Cash…

1 day ago

BDAG Roadmap Excels Past LINK Price & XRP Surge

BlockDAG Surges Ahead: $26M Presale and Enhanced Roadmap Amidst Chainlink Stability and XRP's Post-Bitcoin Halving…

1 day ago