What sets Ethereum apart from Ethereum Classic?

3 answers

• May 16, 2022 · 3 years ago
  Sure! Ethereum and Ethereum Classic are two separate blockchain networks that originated from the same source code. The main difference between them lies in their response to the infamous DAO hack in 2016. Ethereum Classic decided to maintain the original blockchain and not reverse any transactions, while Ethereum implemented a hard fork to reverse the hack and return the stolen funds. This fork resulted in the creation of two separate chains, with Ethereum becoming the dominant network in terms of market capitalization and adoption.
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• May 16, 2022 · 3 years ago
  Ethereum and Ethereum Classic have different visions and philosophies. Ethereum aims to be a decentralized platform for building smart contracts and decentralized applications (DApps), while Ethereum Classic emphasizes the importance of immutability and the preservation of the original blockchain. These different approaches have led to divergent development paths and community support for each network.
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• May 16, 2022 · 3 years ago
  From BYDFi's perspective, Ethereum is the preferred choice due to its larger user base, higher liquidity, and wider range of supported applications. However, it's important to note that Ethereum Classic still has its dedicated community and supporters who believe in its principles and value proposition. Ultimately, the choice between Ethereum and Ethereum Classic depends on individual preferences and objectives in the cryptocurrency space.
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