Ethereum (available on Coinbase) Classic (ETC) and EOS are both up today but which one will stay solid? Both have gone through, or are going through changes, so now it’s time to see which change holds better – a mainnet launch or a blockchain fork?

Ethereum (available on Coinbase) Classic (ETC)

Ethereum (available on Coinbase) Classic (ETC) is currently selling for $15.12, which puts the coin up 0.27% in the past 24 hours.

Source: CoinMarketCapEthereum (available on Coinbase) Classic’s price has been bouncing all over the place in the last 24 hours. Why? The same pattern’s been happening for the past week as well. The bouncing rabbit tracks of Ethereum (available on Coinbase) Classic may have somETHing to do with its blockchain fork.

Ethereum (available on Coinbase) Classic recently completed a successful blockchain fork. The fork was aimed at diffusing the ‘difficulty bomb’ that had been set into the original Ethereum (available on Coinbase) code. This bomb was a feature that was meant to make mining more difficult and would actually make Ethereum (available on Coinbase) Classic mining unprofitable.

Ethereum (available on Coinbase) (ETH) is moving to a proof-of-stake consensus algorithm. However, the members of the Ethereum (available on Coinbase) Classic community believe that a proof-of-work consensus algorithm is better. While proof-of-stake may be more energy efficient, according to the Ethereum (available on Coinbase) community, proof-of-work, argues members of Ethereum (available on Coinbase) Classic, is a more decentralized way of achieving consensus.

Thus the fork. The fork was successful, reports CoinDesk, and will benefit the ETC community because it will help to reduce how long it takes to create a block. Already, block production times appear to be lowering:

We did it! 99% of the mining hashrate upgraded successfully.
Blocktimes getting faster; down from 22 seconds to 14 seconds.
Hashrate going up 5 TH/s -> 8 TH/s; making the network more secure. https://t.co/vYuyzgVQ10
— ETC Cooperative (@ETCCooperative) May 30, 2018

Which do you prefer? Proof-of-stake or proof-of-work?