What is the chain ID for Ethereum Classic?
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I'm new to Ethereum Classic and I'm trying to understand its chain ID. Can someone please explain what the chain ID for Ethereum Classic is and why it is important?
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3 answers
- The chain ID for Ethereum Classic is 61. It is a unique identifier that distinguishes Ethereum Classic from other blockchains. The chain ID is important because it helps prevent replay attacks and ensures that transactions are only valid on the intended blockchain. By including the chain ID in transaction signatures, users can protect their funds and prevent accidental transfers to the wrong network.
Dec 18, 2021 · 3 years ago
- The chain ID for Ethereum Classic is 61. It serves as a way to differentiate Ethereum Classic from other Ethereum-based blockchains. The chain ID is used to prevent accidental transfers between different networks and to ensure that transactions are only accepted on the correct blockchain. It is an essential component of the Ethereum Classic ecosystem and helps maintain the security and integrity of the network.
Dec 18, 2021 · 3 years ago
- The chain ID for Ethereum Classic is 61. It plays a crucial role in ensuring the security and integrity of transactions on the Ethereum Classic network. By including the chain ID in transaction signatures, users can prevent their transactions from being replayed on other blockchains. This helps protect against potential double-spending attacks and ensures that transactions are only valid on the Ethereum Classic network. It's important for users to verify the chain ID before sending any transactions to avoid any potential loss of funds.
Dec 18, 2021 · 3 years ago
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