Ethereum-Fork: Make one of one
Again and again on Sunday: Yesterday Polonieex opened the trade with Ethereum Classic – and thus set a big question mark behind the supposedly playful success of the Ethereum Hard Fork. It is now advisable to share its ether in eth and etc. We show how that works.
If the success of a cryptocurrency is based on how much excitement it produces, then the past week was definitely a great success for Ethereum. As is so often the case in the crypto world, it was a Sunday that the situation worried: The Altcoin exchange Polonieex opened the trade with Ethereum Classic in the early morning. The drama around the Dao-hardfork thus headed to its preliminary climax.
Briefly for the background-what happened so far: Ethereum has organized a Hardfork to eradicate the Dao-hack, in which around 5% of all ethers fell into the hands of a thief. The Hardfork took place with relatively further approval last Thursday and seemed to go smoothly.
Ethereum Classic is now a kind of resistance movement against this fork. The supporters of Ethereum Classic refuse to fork a blockchain to delete an event; You say that the unchangeability is the highest asset of a blockchain. It was better to accept a case like the DAO hack than to create a precedent for changing a blockchain afterwards.
Shortly after the fork last Thursday, it looked as if Ethereum Classic was just entering. Less than 1 percent of the Hashrates stood behind the fork; Ethereum Classic Coins were traded on Bitsquare, but at astronomically low prices and without any significant volume. The Ethereum developers and supporters already cheered how clean the fork was successful. Too early, as it showed yesterday.
The Classic movement wins on driving
Yesterday the sheet has now turned. With Polonieex, the Altcoin exchange announced on Sunday morning with the greatest turnover in Ethereum trading that can now be traded on Ethereum Classic.
This gave the Ethereum Classic Movement Aufwind. The price reached about two hours after the announcement – at 7.55 a.m. – a highlight of 0.14 ether, which corresponds to 0.0028 Bitcoin or a good one euro; Bitfinex announced that it was also admitting the trade with Ethereum Classic, Shapeshift tweeted, think about it, and Parity developer Gavin Wood announced an Ethereum Classic Client, while the miners enthusiastically climbed Ethereum Classic and the Hashrate The Fork in the meantime drove up to a good 5 percent.
It looked – and looks like – as if there is now Ethereum twice, possibly permanent: as an ETH and as etc.
The reactions to this fell very mixed. Some of the Ethereum community reacted in horror, presumed, like Emin Gür Sirer, a plot of the hardcore bitcoin ideologists, considered to sue Polonieex because the stock exchange helped the Dao-hacker to accash its prey, because Poloniex had still insured in front of the fork to support and fell exclusively as Chandler Guo from the mining pool BW.com even so far to summon a 51 percent attack on Ethereum Classic. Others, on the other hand, find enthusiastic that the continued existence of Ethereum Classic is a victory of blockchain democracy that gives users the choice of deciding whether to want a “bailout blockchain” or an “unchangeability blockchain”. Not the developers, but the market should decide what the true Ethereum is.
On the other hand, Ethereum Classic is one thing for stock exchanges such as Poloniex, the miners and most users: a business. Anyone who has made the Classic Fork from Ethereum made 10-15 times as much profit as the miners of the mainchain, whoever owns ether, can sell ether classic without losing ether.
So you split ether
The situation is a little reminiscent of quantum mechanics. As long as the ether are just in the wallet, they are both Ether (Eth) and Ether Classic (etc). Only when you transfer them do they either become ETH or etc. For example, if you now pay ETH into a smart contract or sell it via Shapeshift, you are more or less destroyed in yourself.
The supposedly simplest version of splitting ether is perhaps to be paid in on Polonoundex. The ether automatically divides the stock exchange into ETH and ETH, no matter which address you deposit. Since the only official explanation of Poloniex is that those who Ether had in front of the fork on the stock exchange now have ETH and ETC, but there is no guarantee for this.
Since I have shared my Ether before, I cannot check this and therefore do not recommend it accordingly. The only thing I can explain to you is how you hide the split yourself. That is more complicated, but also more exciting.
The tool that you need is the manure wallet, the graphic surface of the Ethereum client. With her you could get up to block 1.920.000 decide whether you are on the DAO Bailout fork or rejected it. I assume that you will be on the bailout fork. In order to cut the Ether in the wallet into ETH and ETC, you have to follow these instructions. I describe her for you:
1.) You click on “Contracts” and add a new contract with “Watch Contract”.
The name does not matter, its address is the 0x23141df76723776f7cbbec497800dedaa4c684. You can look at the contract on Etherscan. There you will also find the JSON contract text that you have to copy into the corresponding field. He can be found under the “Contract Source” tab in the “Contract Abi” field.
