Ethereum Classic just a few weeks before the Atlantis hard fork sees an upward trend. As of now, the decentralized cryptocurrency is trading above $6. ETC is up more than 14% than last week.
ETC is still volatile, and the current spike in price may not be long-lasting. Many reports suggest that the gains may reverse after the hard fork. In the past month, ETC hash rate rose by 30% taking it to 11 TH/s. The network carries more than 35,000 transactions per day.
The planned hard fork looks to make the distributed apps more compatible with the Ethereum projects. The hard fork would also look to change the completion of interoperability between Ethereum and Ethereum Classic. The network will also preserve mining and a relatively higher mining reward.
Some reports have also suggested that the ETC network is vulnerable to a 51% attack. In the upcoming developments, the network would look change its mining algorithm to avoid another 51% attack.
Atlantis hard fork will incorporate multiple Ethereum Improvement Proposals (EIPs) that have been around on Ethereum network for some years.
