Gain a deeper understanding of Ethereum (ETH) andEthereum Classic (ETC)The history, differences, and future prospects of. Understand their origins, changes, and potential paths forward
Gain a deeper understanding of Ethereum (ETH) andEthereum Classic (ETC)The history, differences, and future prospects of. Understand their origins, changes, and potential paths forward.
Who created Ethereum and Ethereum Classics?
The development of Ethereum (ETH) began at the end of 2013, conceived and developed by an outstanding young programmer named Vitalik Buterin. His philosophy is to create a decentralized platform that can create smart contracts and decentralized applications (DApps). Ethereum was officially launched on July 30, 2015.
Ethereum Classic (ETC)20167 DAO
The Father of Ethereum - V God
Why should we split it?
The DAO hacker incident exposed flaws in the Ethereum smart contract code. It has led to significant losses in Ethereum (ETH) and intense debates within the community.
DAO ETH Ethereum Classic (ETC)
The difference between Ethereum and Ethereum Classics
- Difference 1: The code remains unchanged
Ethereum (ETH) prioritizes programming flexibility and adaptability to address vulnerabilities and improve platform operations. In contrast,Ethereum Classic (ETC)Adhering firmly to the concept of immutable code means that once a smart contract is activated, even if there are defects or security risks, it cannot be fixed.
- Difference 2: Safe mode
With the update of Ethereum 2.0, Ethereum (ETH) has shifted to adoptingProof of Rights Mechanism (PoS)Ethereum Classic (ETC)Proof of Work Machine Transfer (PoW). Therefore, their safety and environmental conditions vary, and PoS is considered more energy-efficient.
- Differentiation 3: Encryption supply
Ethereum (ETH) established a deflationary monetary policy through Ethereum Improvement Proposal (EIP) 1559, aimed at reducing transaction costs. The Ethereum Classic (ETC) has not been adjusted, and its monetary policy remains inflationary in nature.
- Difference 4: Market application
Ethereum Classic (ETC)ETH ETHDeFiNFTDAppEthereum Classic (ETC)
The Future of Ethereum Classics
ETC has undergone a series of upgrades to maintain balance with Ethereum (ETH). These upgrades include Atlantis, Agharta, Phoenix, Magneto, and Mystique. In addition, whenever a comprehensive update is required to the Ethereum Virtual Machine (EVM) standard, ETC is always committed to achieving these changes through further upgrades.
Despite the market's appreciation for the value of ETH, ETC has always been among the top 20 cryptocurrencies and has significant upward potential. Through continuous technological progress and optimization, it still has the ability to influence the expansion of its market value in the future.
The Future of Ethereum
In this year's Bankless podcast, host Ryan had discussions with VanEck's institutional analysts Matthew Sigel and Patrick Bush, focusing on the important asset of Ethereum (ETH). They analyzed the model in the VanEck valuation report and predicted that ETH would reach $50000 by 2030, becoming a strong competitor to US Treasury bills (T-bills).
ETHPoWPoS Web3 The Future of Ethereum
Should I invest in Ethereum or Ethereum Classic?
Ethereum Classic (ETC)ETH investment strategy How, please remain cautious and only invest in losses that you can afford.
Is Ethereum the same as Ethereum?
That's right! Ether is the native cryptocurrency of the Ethereum blockchain. People often use the terms "Ether" and "Ethereum" interchangeably, but it must be noted that "Ethereum" refers to the entire blockchain platform, while "Ether" refers to the specific cryptocurrency used on that platform.
Today, we will conduct Ethereum's classic cloud mining at Bitter Deer!
ETHEthereum Classic (ETC) DeFi
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