Ethereum Classic reaches $42.29 per token

ETC  price is growing along with ETH, triggered by the upcoming hard fork on September 16th. 

We are all waiting for the release (or not) of the Ethereum hard fork, which will redraw the proof-of-work and move it to a more modern proof-of-stake. The market is also not without reaction to what's happening, with Ethereum Classic, in particular, hitting its four-month high of $42.29 per token.

Ethereum Classic is also a hard fork of our familiar Ethereum. If you, our friend, haven't caught up with crypto in 2015, the split came after the hack of The DAO, the most prominent decentralised platform.

After the hack, the blockchain was halted and restarted in 2016. Those who did not support the relaunch remained on the Ethereum Classic. The difference between ETC and ETH is that the first has a limited number of tokens (210.7 million ETCs).

Notably, as the merger approaches, some members of the Ethereum community are again discussing whether another hard fork of the Ethereum blockchain should be conducted to preserve the proof-of-work principle.