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ETC Summit 2019 targets Michael Sonnenshein of Grayscale and Charles Hoskinson of IOHK; OKEx welcomes scheduled hard fork


Ethereum Classic is ranked at #17 in the market, to the south of Huobi Token and Dash. The trading volume recorded sits at $508.961 million, while the supply has 113,380,470 ETC coins involved in circulation. The total market cap of Ethereum Classic is $734.958 million. At present, ETC is priced at $6.48 after the price diminished at a rate of 2.55% in the course of the past 24-hours.

Application-specific integrated circuit mining devices for Ethereum and Ethereum Classic shall be rolled out under the guidance of Linzi in China. Ethash [the PoW algorithm] will be used to test the productivity associated with these devices, this experiment will help the developers in the long run.

Bitmain may face stiff competition someday soon. The plan to design ethash ASICs was unveiled last year, but so far development has been gradual. This took a huge amount of research, and the initial order of wafers was postponed. In order to bring about decentralization, a “reverse discount” proposal will be implemented. Thus, the more one stocks up, the more he or she has to pay to buy the machines.

In other news. OKEx published a blog post roughly a day ago. Support for the arranged hard fork was declared. The fork will transpire within the next couple of days. Deposits and withdrawals shall be suspended for a while, so traders are advised to carry out actions they deem necessary ASAP.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.