Report post

What is the difference between Ethereum Classic and Ethereum Classic?

It split the original Ethereum blockchain into two parts, with Ethereum Classic being the older of the two, and Ethereum is the newer one. Ethereum Classic is a decentralized governance platform that leverages smart contracts embedded within a distributed ledger or blockchain network.

Who are Ethereum Classic's creators?

Ethereum Classic is in fact the legacy chain of Ethereum, and its true creators are therefore the original Ethereum developers — Vitalik Buterin and Gavin Wood. A contentious hard fork on Ethereum occurred in July 2016, when participants disagreed over whether to revert the blockchain to cancel out the effects of a major hack.

What happened to Ethereum Classic after the hard-fork?

After the hard-fork, the blockchains were split in two and act individually. Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of smart contract and Decentralized applications, and has all the same specifications, such as average block time, size and reward.

Should Ethereum Classic be censored?

Ethereum Classic was, in this sense, created as a way to allow smart contracts to run exactly as they are programmed to, without the interference of a third party. The ETC community argues that the DAO smart contract did what it was programmed to do and that no action should be taken to censor the contract.

The World's Leading Crypto Trading Platform

Get my welcome gifts