What are the key differences between Ethereum and its fork?

3 answers

• Dec 22, 2021 · 3 years ago
  Ethereum and its fork have some key differences. Ethereum is the original blockchain platform that introduced smart contracts and decentralized applications (DApps). It has a large and active community, with developers constantly working on improving the network. On the other hand, a fork is a copy of the original blockchain with some modifications. It can be created for various reasons, such as fixing bugs, implementing new features, or addressing governance issues. While Ethereum has a well-established governance model, forks may have different governance structures depending on the goals of the forked project. Overall, the main difference lies in the purpose and evolution of the two platforms.
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• Dec 22, 2021 · 3 years ago
  When it comes to features, Ethereum and its forks may have different sets of functionalities. Ethereum has a wide range of features, including the ability to create and execute smart contracts, build decentralized applications, and participate in decentralized finance (DeFi) protocols. Forks, on the other hand, may introduce new features or modify existing ones based on the specific needs of the project. It's important to research and understand the features of each platform before deciding which one to use or invest in.
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• Dec 22, 2021 · 3 years ago
  BYDFi, a popular decentralized exchange, is an example of a project that forked from Ethereum. It was created to address some of the scalability and gas fee issues faced by Ethereum. BYDFi introduced a layer 2 solution called Optimistic Rollups, which allows for faster and cheaper transactions compared to the Ethereum mainnet. This fork demonstrates how different projects can leverage the Ethereum codebase to build innovative solutions and improve upon the original platform.
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