Ethereum Classic price beats high records

Over the past 24 hours, the ETC cryptocoin has grown by 11.20%, more significantly – by 13.66% – the token has risen in price against Bitcoin. In addition, they note the high trading volumes of Ethereum Classic – over the past 24 hours this figure is at the level of $ 560 million.

The capitalization of the crypto-coin approached the level which was noted in month May, having passed for $ 2 billion. Thanks to this, Ethereum Classic has come close to the top ten most popular crypto currency by CoinMarketCap, only slightly inferior to IOTA. Now the token takes 11th place.

Positive developments are probably related to news that the Robinhood project added in support of ETC. Previously, representatives of the startup wrote in a blog that investors will be able to trade Ethereum Classic. They noted that the crypto currency is already available to residents of 19 countries that use the services of the company.

At the end of May this year, the developers of Ethereum Classic managed to eliminate the “complexity bomb”, thanks to the successful update of the network on the block 5,900,000.

The specialists of the cryptographic platform are sure that the update will shorten the time required to create the block. Also this will allow to increase the differences between the blockchains Ethereum and Ethereum Classic. As promised earlier, the community did not receive new tokens, only the upgrade of the network occurred.

Immediately after the hard-core, there were no signs of negative consequences, or mistakes.

ethereum classicDiscussion of the fork began in 2016. While the Ethereum community is leaning towards the transition to Proof-of-stake, the Ethereum Classic community decided to continue using Proof-of-work, because with this algorithm, miners will constantly invest in equipment and consequently, in the blockchain.

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