Ethereum almost died in 2016 — and it split the blockchain into two chains.
In 2016, the project The DAO based on Ethereum raised $150 million.
A month later — a hack. The hacker took 3.6 million ETH (at that time ~$50 million).
The community was in panic. What to do?
👥 The community voted for a rollback of the blockchain and a return of funds.
But not everyone agreed —
Thus, Ethereum (ETH) and Ethereum Classic (ETC) were born.
⸻
📌 ETH is the result of the “restart”.
📌 ETC is the original, “untouched” chain.
⸻
💬 Interestingly, Vitalik Buterin was initially against the rollback, but still supported it for the future of the ecosystem.
⸻
⚠️ This case still causes debates:
What is more important — code as law or fairness and security?
⸻
💬 Would you rollback the blockchain to save funds? Or “code is code”?
👇 Share your opinion in the comments.
#Ethereum #ETHvsETC #EthereumNews
$ETH $ETC
In 2016, the project The DAO based on Ethereum raised $150 million.
A month later — a hack. The hacker took 3.6 million ETH (at that time ~$50 million).
The community was in panic. What to do?
👥 The community voted for a rollback of the blockchain and a return of funds.
But not everyone agreed —
Thus, Ethereum (ETH) and Ethereum Classic (ETC) were born.
⸻
📌 ETH is the result of the “restart”.
📌 ETC is the original, “untouched” chain.
⸻
💬 Interestingly, Vitalik Buterin was initially against the rollback, but still supported it for the future of the ecosystem.
⸻
⚠️ This case still causes debates:
What is more important — code as law or fairness and security?
⸻
💬 Would you rollback the blockchain to save funds? Or “code is code”?
👇 Share your opinion in the comments.
#Ethereum #ETHvsETC #EthereumNews
$ETH $ETC