ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Saturday Nov 25th 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

Vitalik Buterin is optimistic about the Hard Fork’s future

By

Danielle

Meegan

WriterETHNews.com

Vitalik Buterin provides the Foundation's stance on the hard fork.

Vitalik Buterin, co-founder and inventor of Ethereum, assured the community its Foundation will switch their focus to the new fork chain.

Written in a blog post, featured below, Buterin states Ethereum defaults will choose the new chain called ETH. He acknowledges ETC, the community remaining faithful to the non-fork chain, and outlines how this community can interact with the ETH chain.

Onward from the Hard Fork

Posted by Vitalik Buterin on July 26th, 2016.

The foundation has committed to support the community consensus on the admittedly difficult hard fork decision. Seeing the results of various metrics, including carbonvote, dapp and ecosystem infrastructure adoption, this means that we will focus our resources and attention on the chain which is now called ETH (ie. the fork chain). That said, we recognize that the Ethereum code can be used to instantiate other blockchains with the same consensus rules, including testnets, consortium and private chains, clones and spinoffs, and have never been opposed to such instantiations.

All users who had ETH before block 1920000 now have both ETH (the fork chain) and ETC (the community effort to continue the no-fork chain). Users are generally advised that most Ethereum client defaults, including clients developed by the Foundation and by third parties (eg. Parity), will select the ETH chain; if you are offered a choice on a fork in the Mist interface, then selecting “Yes” on this choice will direct you to this chain.

Users who are interested in taking any actions with their ETC, including creating and participating in applications, converting to another asset, etc are advised to use the splitter contract at address0xaa1a6e3e6ef20068f7f8d8c835d2d22fd5116444 to move their ETC to a separate newly created account so as to avoid replay attacks; we also encourage the ETC community to consider adopting a secondary hard fork to change transaction formats to make further replay attacks impossible. Until and unless that happens, once ETH and ETC are “split” they should be managed via separate wallets.

To use the splitter contract from inside of the Ethereum Wallet, click on Contracts -> Watch Contract, copy the address and ABI from the above linked etherscan page, and click “OK”; then, click on the contract in the Contracts tab, select “Write to Contract”, and select the “Split” function. It will ask for two addresses; for the first, put the address where you want your ETH to go (feel free to put the same address you are sending from), for the second put the address where you want the ETC to go. Make sure to try this with a very small amount of ether first to verify that it works before increasing the amount. You may use the Ethereum Classic Explorer here to verify that ETC balances have been transferred. A more detailed community-provided guide can be found here.

Danielle Meegan

New Hampshire native, Danielle Meegan, is a writer based in Los Angeles. She has been published in a couple of sports and entertainment magazines and newspapers throughout the years and has dabbled with multiple virtual currency exchanges to understand the 'ins and outs' of trading. Danielle has invested in over 15 different virtual currencies, including Ether.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Vitalik Buterin, Ethereum blog or other Ethereum business and finance news.