#AMP COIN GECKO UPGRADE#

Now, Ethereum miners are looking at other coins to mine, such as Ethereum Classic, as they will lose their source of revenue after Ethereum's Merge transitions the blockchain from proof-of-work to proof-of-stake.

The new chain operated as Ethereum, while the old, unaltered network was renamed Ethereum Classic. What's the difference between Ethereum and Ethereum Classic? In 2016, after more than 3.6 million, or about $60 million ether, was extracted from the DAO, a decentralized autonomous organization based on Ethereum, the Ethereum foundation controversially created a new version of the blockchain without history of the hack. Ethereum Classic gained over 12% over the past seven days, outperforming ether, which added about 4%.Įxplained:What is the Ethereum Merge? Here are 5 things you should know

#AMP COIN GECKO UPGRADE#

Meme token Dogecoin traded 0.9% lower while another dog-themed token, Shiba Inu, added 0.7% from seven days ago.Īs Ethereum's highly-anticipated Merge upgrade begins, Ethereum Classic, a separate blockchain representing an original, unchanged history of the Ethereum network, saw its token price surge. Ether gained 4.2% over the seven-day stretch to around $1,618. You can also reach me through email to share your personal stories with crypto.īitcoin lost about 3.3% over the past seven days, and was trading at around $19,134 on Thursday, according to CoinDesk data.

I am back from vacation and will walk you through the latest in the digital asset market.įind me on Twitter at to send feedback, or tell us what you think we should cover. I'm Frances Yue, crypto reporter at MarketWatch. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday.