$ETC is on a massive rise as Ethereum is getting one of the biggest updates in the network's history
The reason behind the most recent explosive growth on the market could be tied to the disagreement of some users with the path that Ethereum chose, which includes the complete shutdown of the proof of work consensus mechanism that used to be the backbone of any blockchain network.We shall also see a"great migration" of cryptocurrency miners from Ethereum to alternative networks or Bitcoin as the current hashrate of Ethereum stays at 892 TH/s.
At press time, Ethereum Classic trades at $19.40 and is not yet losing the momentum it gained on July 16th.
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