There is a growing “battle of the chains” in the Ethereum world.  Initially, the hard fork executed on July 19th, 2016, appeared to have worked well. The vast majority of the miners switched to the new chain, still known as Ethereum (ETH). But it soon became apparent that there was a substantial dissident movement. Within a day or two of the fork, the “old chain” had been rebranded “Ethereum Classic” (ETC) and was being actively mined and traded. It was quickly listed on the Poloniex exchange, and as its market cap climbed, other exchanges followed suit: the latest, Kraken, opened ETC trading on July 27th after previously saying it would not support it. Currently, ETC market cap is about $150m – which for a chain that was supposed to have shriveled and died soon after the hard fork, is a remarkable achievement.

from Forbes – Tech http://ift.tt/2a2Cr7A
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