Jeffrey Tucker
A New Currency for the Digital Age
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Etherium vs etherium classic
Ethereum Classic (ETC) vs. Ethereum 2.0 (ETH)
Initially, there was only Ethereum. A group called DAO used Ethereum to create a venture capital fund. But there was a weakness in the fund’s code that was soon exploited to steal millions of dollars in ETH. And to solve the problem, Vitalik Buterin, Ethereum’s founder, decided to create a hard fork to undo the hack and return funds to investors. Etc vs eth They commonly referred to Ethereum Classic as the "original" Ethereum coin since it preserves the ancient code of the Ethereum blockchain as it existed before the DAO assault.
Invest in ethereum classic
Section: Should You Invest in Ethereum Classic?The first paragraph of this section reads:“Given issues concerning scalability and energy consumption, as well as the continued mainstream adoption of Ethereum, it’s difficult to imagine Ethereum Classic ever gaining a foothold like Ethereum.” Total Supply of Ethereum Classic Within Ethereum Classic, it’s the founding principle stating that a smart contract’s code is the “ultimate arbiter of the outcome of an on-chain interaction, as opposed to some overriding force from outside the network.” Proponents consider it as a necessary component of a pure and truly decentralised system, which is how some draw a parallel between Ethereum Classic and Bitcoin.
Ethereum vs. Ethereum Classic
Let’s get back to what you are really here for: is Ethereum Classic worth your time? The shorter answer would be that it is not. The problem that Ethereum Classic faced when 97% of the people departed to the new blockchain was a lack of a community of developers and believers in its ideology. Ethereum Classic’s technology has fallen far behind that of Ethereum’s as a result. Ethereum vs Ethereum Classic: Which Should You Use? The main concept of the DAO is that investors' funds could be pooled together with Ethereum-based DAO tokens, and folks could submit and pitch their ideas to the Ethereum community.
