WHY ARE THERE ETH AND ETC?
In 2016, a project called The DAO suffered an exploit that drained a substantial amount of funds.
The incident sparked a major debate within the Ethereum community: should the blockchain be changed to help recover the affected funds, or should the transaction history remain untouched?
Eventually, the community split.
Most of the ecosystem followed a protocol change that led to today's Ethereum (ETH), while others preserved the original blockchain history through Ethereum Classic (ETC).
This event demonstrated that blockchain is not just about technology; it is also about governance and competing principles.
💭 If you had been part of the community at the time, which side would you have supported?
#Ethereum #ETH #ETC #Blockchain $ETH
$ETC
In 2016, a project called The DAO suffered an exploit that drained a substantial amount of funds.
The incident sparked a major debate within the Ethereum community: should the blockchain be changed to help recover the affected funds, or should the transaction history remain untouched?
Eventually, the community split.
Most of the ecosystem followed a protocol change that led to today's Ethereum (ETH), while others preserved the original blockchain history through Ethereum Classic (ETC).
This event demonstrated that blockchain is not just about technology; it is also about governance and competing principles.
💭 If you had been part of the community at the time, which side would you have supported?
#Ethereum #ETH #ETC #Blockchain $ETH
$ETC