What are the differences between Ethereum Classic and Ethereum?

3 answers

• Nov 26, 2021 · 3 years ago
  Ethereum Classic (ETC) and Ethereum (ETH) 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 the transactions, while Ethereum implemented a hard fork to recover the stolen funds. This led to the creation of two distinct cryptocurrencies with different philosophies and communities. From a technological perspective, Ethereum Classic and Ethereum share many similarities. They both use smart contracts and have a similar virtual machine. However, Ethereum has a larger developer community and more active development, resulting in faster innovation and the implementation of new features. In terms of governance, Ethereum Classic follows a more decentralized approach, with decisions made through a rough consensus of the community. Ethereum, on the other hand, has a more centralized governance structure, with decisions made by core developers and key stakeholders. Overall, the choice between Ethereum Classic and Ethereum depends on individual preferences and beliefs. Some prefer the immutability and decentralized nature of Ethereum Classic, while others value the innovation and community support of Ethereum.
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• Nov 26, 2021 · 3 years ago
  The main differences between Ethereum Classic (ETC) and Ethereum (ETH) can be summarized as follows: 1. Response to the DAO hack: Ethereum Classic decided to maintain the original blockchain and not reverse any transactions, while Ethereum implemented a hard fork to recover the stolen funds. 2. Community and governance: Ethereum Classic follows a more decentralized approach to decision-making, while Ethereum has a more centralized governance structure. 3. Development and innovation: Ethereum has a larger developer community and more active development, resulting in faster innovation and the implementation of new features. 4. Market value and adoption: Ethereum (ETH) has a higher market value and wider adoption compared to Ethereum Classic (ETC). It's important to note that both Ethereum Classic and Ethereum have their own unique strengths and communities. The choice between them ultimately depends on individual preferences and priorities.
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• Nov 26, 2021 · 3 years ago
  Ethereum Classic (ETC) and Ethereum (ETH) have several key differences: 1. Response to the DAO hack: Ethereum Classic maintained the original blockchain, while Ethereum implemented a hard fork to reverse the transactions. 2. Community and governance: Ethereum Classic follows a more decentralized governance model, with decisions made through rough consensus. Ethereum has a more centralized governance structure. 3. Development and innovation: Ethereum has a larger developer community and more active development, leading to faster innovation and the implementation of new features. 4. Market value and adoption: Ethereum (ETH) has a higher market value and wider adoption compared to Ethereum Classic (ETC). It's important to consider these differences when choosing between Ethereum Classic and Ethereum, as they can impact factors such as security, scalability, and community support.
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