Ethereum Classic, the vanilla version of Ethereum untouched by the recent hardfork has received a great reception from the cryptocurrency community. The cryptocurrency is being included in multiple cryptocurrency exchanges, enabling trading among the community members.
Ethereum Classic (ETC) was born following the hard fork of the main Ethereum network after the Ethereum Foundation decided to recover the ether that was siphoned off its DAO platform. The unknown attacker had managed to withdraw over $60 million worth of DAO tokens by leveraging upon a code vulnerability. The funds parked in a side chain for a month before withdrawal was successfully recovered by forking the Ethereum blockchain.
However, those who were not in favor of the hardfork, making up to about 20% of the Ethereum community have decided to follow the new unforked version of the protocol, called Ethereum Classic. The group is ensuring the survival of the original Ethereum blockchain by creating a new community around it. Initially, it was not possible to trade ETC, but things have changed since Poloniex added ETC support on its platform.
Since the trading of ETC began on Poloniex, the market capitalization of ETC has surpassed that of Ripple and Litecoin to gain the fourth spot, right below Steem. At one point, the trade volumes of ETC on Poloniex exceeded that of Ethereum, exhibiting the support it has garnered, much to the surprise of the cryptocurrency community.
According to a recent announcement on Ethereum Classic twitter stream, the digital currency will soon be included into Kraken as well. In addition, Eric Voorhees, the founder of leading crypto-crypto exchange – ShapeShift has also hinted about the inclusion of ETC on ShapeShift.
At this point of time, things look promising for Ethereum Classic. However, whether it will be able to sustain the investor interest for prolonged durations remains to be seen.