Why did Ethereum and Ethereum Classic split and what are the implications?

1 answers

• Jan 07, 2022 · 3 years ago
  The split between Ethereum and Ethereum Classic was a result of a philosophical disagreement within the Ethereum community. Some members believed that the blockchain should be immutable and that no changes should be made, even in the case of a hack. Others argued that a hard fork was necessary to rectify the situation and restore trust in the platform. This difference in opinion led to a split, with Ethereum Classic being created as a continuation of the original Ethereum blockchain. The implications of this split are significant. It has created two separate cryptocurrencies with different visions and philosophies. Ethereum has focused on scalability and the development of smart contracts, while Ethereum Classic has emphasized the importance of decentralization and immutability. This split has also sparked debates about the true identity and value of Ethereum as a platform. Users and investors should carefully consider these implications when deciding which cryptocurrency to support or invest in.
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