Community Trust ScoreVerified
Ethereum Classic expressed: Ethereum Classic mainnet has recovered since the Geth exploit was deployed, which caused around ~20% of the network to fall off. If you have not done so already, ensure you’re using Besu or the “patched” version of Core-geth.
Post recovery the following was published to the ETC stake holders: The Geth exploit that split the Ethereum mainnet has now split the Ethereum Classic mainnet. If you are a Core-geth node operator, then you must update your node to version 1.12.1 or later which contains the critical security patch. If you are a Hyperledger Besu node operator, then there’s no need to update since the vulnerability is specific to Go-Ethereum distributions.
Previously, on September 04, 2021, the Geth vulnerability was exploited on the ETC Mainnet. Node operators who did not update to Core-Geth-v1.12.1 were on the wrong chain and had to update.
When the exploit happened, community were like, How in the hell did ETH get to where it is? This exploit came from ETH. They had an emergency hard fork just a few days ago but no one wants to talk about that. The fact is there hasn’t been a 51% attack in over a year and at this point it would be nearly impossible to do so.
Regarding price, the trading volume is going down. Analysts opine that about 20% of the network fell down due to the Geth exploit. An unknown hacker seemed to have exploited a bug in older versions of a popular Ethereum network client. This is considered to be one of the causes, which led to the decline in the price of Ethereum Classic price.
Those who buy the dip are getting back to the fundamentals wondering if this is the right time to invest in ETC. It is obvious that the network is recovering and the market cap of ETC continues to be strong. It is expected to catch up in the markets. Natural corrections, reactions, and adjustments in the bull market are common in the cryptocurrency space. Still, people should do their own research before investing in any cryptocurrencies and it is important to invest money which they can afford to lose.
Community response: Sold ETC after holding 3 months. It’s a neutral crypto. There is no increment. It is a useless crypto. It pumps only once in a year. Good improvement Coin Market Cap before 17th place now 24 place any update ETC?
Looked into ETC or is it an insecure version of ETH? How in the hell is this project $70.00?
