#BinanceTurns8 Join the celebration #BinanceTurns8 and win a share of 888 888$ in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_RN7CI
Ethereum almost died in 2016 โ and it split the blockchain into two chains.
In 2016, the project The DAO based on Ethereum raised $150 million. A month later โ a hack. The hacker took 3.6 million ETH (at that time ~$50 million). The community was in panic. What to do?
๐ฅ The community voted for a rollback of the blockchain and a return of funds. But not everyone agreed โ Thus, Ethereum (ETH) and Ethereum Classic (ETC) were born.
โธป
๐ ETH is the result of the โrestartโ. ๐ ETC is the original, โuntouchedโ chain.
โธป
๐ฌ Interestingly, Vitalik Buterin was initially against the rollback, but still supported it for the future of the ecosystem.
โธป
โ ๏ธ This case still causes debates: What is more important โ code as law or fairness and security?
โธป
๐ฌ Would you rollback the blockchain to save funds? Or โcode is codeโ? ๐ Share your opinion in the comments.