Ethereum-Fork: Two in one
Again and again Sunday: Yesterday Poloniex has trading Ethereum Classic opened - and thus put a big question mark behind the supposedly playful success of Ethereum Hard Fork. It is now advisable to divide its ethers in ETH and ETC. We show you how.
If the success of a crypto currency is measured of how much excitement it produces, the last week was definitely a great success for Ethereum. As so often in the crypto world, it was a Sunday, when the situation came to a head: The Altcoin Exchange Poloniex opened early morning trading Ethereum Classic. The drama about the DAO Hardfork contributed thereby to its climax.
Short for the background - the story so far: Ethereum has a Hardfork organizes to eradicate the DAO hack, in which some 5% of ether have fallen into the hands of a thief. The Hardfork took place with relatively wide approval last Thursday and seemed to go smoothly across the stage.
Ethereum Classic is now a kind of resistance movement against this Fork. The followers of Ethereum Classic refuse to forking a block chain to delete an event; they say that the immutability is the highest good of a block chain. It is better to accept a case such as DAO hack, as setting a precedent that one can change a block chain later.
Shortly after the Fork last Thursday, it looked as if Ethereum Classic just received. Less than 1 percent of Hashrate stood behind the Fork; Ethereum Classic Coins were indeed traded on bitsquare, but astronomically low prices and without appreciable volume. The Ethereum developers and -Anhänger cheered already how clean the Fork had succeeded. Too early, as was demonstrated yesterday.
The Classic Movement Gains Momentum
Yesterday the tide has now turned. With Poloniex on Sunday morning announced the Altcoin-exchange with the highest turnover in Ethereum trading that from now can be traded on Ethereum Classic.
This gave the Ethereum Classic movement upswing. The price reached about two hours after the announcement - at 7:55 am - a peak of 0.14 ether, representing 0.0028 Bitcoin or a good Euro; BitFinex announced also allow trade in Ethereum Classic, Shapeshift tweeted, you think about it, and parity developer Gavin Wood was a Ethereum Classic client known as the Miner thrilled ascended to Ethereum Classic and Hashrate the Fork in the meantime to 5 percent highly exaggerated.
It looked - and looks - as if there was Ethereum now twice. Permanently. As well as ETH ETC.
The reactions to it were certainly mixed. Some of the Ethereum community reacted quite shocked, suspected as Emin Gür Sirer a conspiracy of hardcore Bitcoin ideologues were considering to sue Poloniex because the stock market help the DAO hackers auszucashen its prey, revolted because Poloniex had assured before the Fork to support only the dominant chain, and went like Chandler Guo from mining pool BW.com so far as to summon a 51 percent attack on Ethereum Classic. Others, however, find enthusiastic, that the persistence of Ethereum Classic is a victory of the block chain democracy that gives the user the option to decide whether he wants a "bailout Block Chain" or "Unveränderbarkeits block Chain". Not the developers, but the market should decide what is the true Ethereum.
For exchanges like Poloniex that Miner and most users Ethereum Classic, however, is above all: a business. Who bemined on the Classic fork of Ethereum, made 10-15 times as much profit as the Miner of the main chain, who owns ethers, ether Classic can sell without losing ether.
So it splits ether
The situation is somewhat reminiscent of quantum mechanics. As long as the ether are only in the Wallet easy, they are both ether (ETH) and ether Classic (ETC). Only when she has, they are either ETH or ETC. Whoever example ETH pays into a Smart Contract or sold through Shapeshift, destroyed more or less ETC.
The supposedly easiest version to split ether, perhaps, they paid into Poloniex. The exchange automatically shares the ether in ETH and ETC. but I am not quite clear whether you have to pay to the ETH or the ETC Deposit address, and the only official declaration of Poloniex is that those who had ether before Fork on the stock market, now ETH and ETC have.
Since I have my ether shared before, I can not verify, and accordingly does not recommend this as well. The only thing I can tell you, it is how you vornehmt the split itself. This is more complicated, but also more exciting.
The tool you need for this is the crap-wallet, the graphical user interface of the Ethereum client. With it you could decide to block 1,920,000 if one is on the DAO bailout Fork or rejects this. I assume that you are on the bailout Fork. In order to cut the ether in the wallet in ETH and ETC, you must follow these instructions. I describe for you:
1.) Your clicks in manure on "contracts" and adds there with "watch contract" a new Contract added.
The new agreement in dung
The new agreement in dung
The name does not matter, its address is the 0x23141Df767233776f7cBbEc497800DdedaA4C684. On Etherscan you can see the contract. There you will also find the JSON contract text that you need to copy to in the entsprechened field. It can be found under the tab "contract source" in the "contract ABI".
hf-split_1
The Split Treaty to Etherscan
2.) The Contract has just one function: Send ETH. As sender you take one of your accounts in the dung-wallet with the old, two-faced ether, and as a receiver you give to a new account. If you then confirm sending, arrive at your new account ETH. The agreement splits the ether.
hf_split_3
The transaction only on the ETH-block chain valid but not on the ETC block chain. On this the ether should therefore continue to be on the sender account. ETH and ETC are therefore on different accounts, which we have already achieved the goal of the exercise itself.
3.) In order to have access to the ETC, you have to crap on the ETC block chain load. At the github page of crap there is a guide on how to change the block chain. This takes some time and goes like this: you click on the menu accouts -> Backup -> accouts whereupon opens a folder. In this folder, you delete the folder "chain data" (or renames it to keep it). Then click their accounts -> Backup -> Application Data. It reopens a folder, in this you have in the folder go "mist", and there search the text file "Dao.fork". This should be "true". That it is replaced by "false". Before two actions should include their dung.
Following starts her crap and chooses to "develope - at> DAO Hardfork that you do not support. The Wallet will now, if all goes well, download the entire block chain from the beginning and their weredt land on the ETC block chain. The ether that you have remitted by the splinters, still sitting on the old address. For clarity you can it now be transferred to another account. The transaction will only be valid on the Classic block chain, but not in the ether-block chain.
Then you can keep the ETC to be prepared to be, if you are even more valuable and real Ether, or you can sell them on Poloniex.
This document comes without warranty. Please test the procedure in detail before her she takes with larger amounts. I myself have tried to keep both block chains, as I have renamed the folder with them repeatedly to switch between them back and forth. That worked for a while, but eventually it was no longer. I do not know why.
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