To keep your mind at ease, the chances of the Ethereum blockchain suffering the same attack as Ethereum Classic are zero to none. This is because the Ethereum blockchain runs at about 200,000 GH/s while the Ethereum Classic blockchain runs at about 9 TH/s. Apart from this, it is difficult to rent hash power on Ethereum blockchain. There is also the fact that Ethereum mining is going to evolve after the upgrade as ASIC miners will be unable to profit from it and would eventually leave the network.
The development community decided to take this action because ASIC miners have an unfair advantage over GPU miners. However, kicking them out is certainly going to leave the Ethereum network prone to attacks from GPU-based facilities. How GPU-based facilities will react to the upgrade will be discovered after the upgrade is complete. Who knows, they may not launch any attack on the network. According to previous developers and community discussions, the Ethereum blockchain was unchanged. This allowed E3 miners to inflate their hashrate.
Even if the Ethereum blockchain is meant to be decentralized, the Ethereum network is often viewed as centralized because there are only few influential mining pools calling the shots. Activities in these mining pools account for a majority of the computing power generated on the network. This is why the more influential mining pools get more block rewards and have more miners on their size. While the chances of a mining pool attacking the network are slim, there is still the issue of centralization to deal with.
Ethereum (ETH) Price Analysis
At the time of writing, ETH was trading in green at $152.55. This shows that it is up by 1.67% against the USD and up by 0.61% against BTC. The 24 hour trading volume is $2,406,420,586 and the market capitalization is $15,907,296,986. The price is correcting lower against the USD and may fall below the $150 support if the bulls don’t gather momentum soon.