What are the main reasons behind the decision to split etherium?

7 answers

• Dec 17, 2021 · 3 years ago
  The decision to split Ethereum into two separate blockchains, Ethereum (ETH) and Ethereum Classic (ETC), was primarily driven by a disagreement within the Ethereum community regarding the response to a major hack. In 2016, a decentralized autonomous organization (DAO) built on top of Ethereum was hacked, resulting in the theft of a significant amount of Ether. The community was divided on whether to roll back the blockchain to reverse the hack or to maintain the principle of immutability. This disagreement ultimately led to the split, with Ethereum continuing as ETH and Ethereum Classic emerging as a separate blockchain.
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• Dec 17, 2021 · 3 years ago
  The split of Ethereum can be attributed to a difference in philosophical beliefs among its community members. Some argued that the blockchain should be immutable and that reversing the hack would set a dangerous precedent. Others believed that the theft was a significant event that required intervention to protect the integrity of the platform. This difference in opinion led to a contentious debate and ultimately resulted in the split into two separate blockchains.
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• Dec 17, 2021 · 3 years ago
  As an expert in the field, I can say that the decision to split Ethereum was a significant event in the cryptocurrency world. It highlighted the importance of consensus and the challenges of maintaining a decentralized network. The split allowed for different ideologies to be pursued, with Ethereum (ETH) focusing on innovation and scalability, while Ethereum Classic (ETC) remained committed to the principle of immutability. Both chains continue to thrive and attract their respective communities.
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• Dec 17, 2021 · 3 years ago
  The decision to split Ethereum was not taken lightly. It was a response to a critical event that tested the principles and values of the Ethereum community. The split allowed for divergent paths to be pursued, with Ethereum (ETH) prioritizing technological advancements and Ethereum Classic (ETC) upholding the principles of decentralization and immutability. This split ultimately resulted in two distinct blockchains, each with its own set of supporters and development initiatives.
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• Dec 17, 2021 · 3 years ago
  The split of Ethereum was a significant moment in the cryptocurrency industry. It showcased the challenges of governance and decision-making in a decentralized ecosystem. The split occurred due to a fundamental disagreement within the community regarding the response to the DAO hack. This event highlighted the need for clear governance structures and mechanisms to address contentious issues in the future.
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• Dec 17, 2021 · 3 years ago
  The decision to split Ethereum into two separate blockchains was a response to a critical event that tested the resilience of the Ethereum community. The DAO hack and subsequent debate exposed the challenges of maintaining consensus in a decentralized network. The split allowed for different visions to be pursued, with Ethereum (ETH) focusing on scalability and Ethereum Classic (ETC) emphasizing the importance of immutability and decentralization.
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• Dec 17, 2021 · 3 years ago
  The split of Ethereum into Ethereum (ETH) and Ethereum Classic (ETC) was a result of a contentious debate within the community. The DAO hack created a rift between those who believed in the principle of immutability and those who saw the need for intervention to rectify the theft. This disagreement ultimately led to the split, with both chains continuing to evolve and attract their respective communities.
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