The "original" Ethereum: it is an open source platform using blockchain technology and which offers smart contracts. This blockchain is the result of a modification of the original Ethereum code. This modification took place in 2016 following a split within the Ethereum community. It is the hacking through a decentralized autonomous organization (DAO) by a hacker that prompted the community to make this split. The hacker had managed to embezzle...
The "original" Ethereum: it is an open source platform using blockchain technology and which offers smart contracts. This blockchain is the result of a modification of the original Ethereum code. This modification took place in 2016 following a split within the Ethereum community. It is the hacking through a decentralized autonomous organization (DAO) by a hacker that prompted the community to make this split. The hacker had managed to embezzle money from a fundraising of over $ 200 million. Part of the community wanted to pay back the generous contributors to ensure the survival and reputation of the platform. But this initiative inevitably led to modify the code of the blockchain, going backwards, while others wanted to stay on the original code of Ethereum to keep the immutable aspect of the blockchain. The split, following the differences of opinion, then took place in 2016 and so Ethereum and Ethereum Classic are going their separate ways. The blockchain thus split into two: on the one hand Ethereum Classic (ETC), which retained its basic characteristics, and Ethereum (ETH), which modified the code to repay the investors of the fundraising. ETC is meant to represent the true original philosophy of Ethereum where the code cannot be changed no matter what happens. The ETC blockchain is very similar to ETH in allowing value to be transferred and smart contracts to work.
Features:
The native token of Ethereum Classic: ETC. The token is used to pay transaction fees and also to contribute to the evolution of the ecosystem.
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