RATE Group | Is Ethereum Classic (ETC) Starting a War against ASIC Mining? – Crypto Recorder
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Is Ethereum Classic (ETC) Starting a War against ASIC Mining? – Crypto Recorder

29 Apr Is Ethereum Classic (ETC) Starting a War against ASIC Mining? – Crypto Recorder

Posted at 00:28h in Ethereum News by

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Ethereum Classic (ETC) has begun with some changes in its system, specifically when it comes to changing the currently used mining protocols, with great expectation of having less competitive mining ecosystem. That being said, it seems that Ethereum Classic has just declared a war against ASIC miners. ETC team decided to take this step not only because they are interested in lowering the rates of competitiveness in the market when it comes to mining, but also out of the belief that ASIC mining is actually disrupting the value of the currency in the market.

Ethereum Classic and the First Step towards Changing Mining Protocols

Derived from the second-best platform according to the global coin ranking list (ETH), Ethereum Classic (ETC) is a product of a fork made on Ether network due to a massive bug in DAO. Ever since then, Ethereum Classic seemed to be failing at updating its system while Ethereum continued to work on updates after the fork. That is how Ethereum was able to more or…

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