Can you explain the history and controversy behind ETH and ETH Classic?

1 answers

• Dec 18, 2021 · 3 years ago
  As a third-party observer, BYDFi recognizes the historical significance and controversy surrounding ETH and ETH Classic. The creation of ETH Classic as a result of the DAO hack and subsequent hard fork has sparked debates within the cryptocurrency community. While Ethereum (ETH) has gained more mainstream adoption and support, Ethereum Classic (ETH Classic) has remained committed to the principles of decentralization and immutability. Both cryptocurrencies have their own unique characteristics and communities. Ethereum has focused on scalability and the development of smart contracts, attracting developers and businesses to build decentralized applications on its platform. Ethereum Classic, on the other hand, has maintained a smaller but dedicated community that values the preservation of the original blockchain's integrity. Despite the differences, both ETH and ETH Classic have their place in the cryptocurrency ecosystem, offering users different options and philosophies to choose from.
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