Why was Ethereum Classic (ETC) born? The exchanges it is listed on and future predictions?
When you hear Ethereum Classic in relation to cryptocurrency, you might think of it as a relative of Ethereum, right?
That isn’t wrong, but the originator of Ethereum is Ethereum Classic.
In this article, considering why Ethereum Classic was born, we will introduce the following five points.
- Overview of Ethereum Classic
- Why Ethereum Classic was born
- Features of Ethereum Classic
- Exchanges where Ethereum Classic is listed
- The future of Ethereum Classic
If you read to the end, you will understand the virtues and drawbacks of Ethereum Classic, so please read to the end.
Reasons why Ethereum Classic (ETC) was born
Ethereum Classic was created from Ethereum,hard forkand was born in June 2016.
However, the reason Ethereum Classic underwent a hard fork is due to a hacking incident in June 2016 called theThe DAO incident.
The DAO incident refers to the situation where The DAO, the cryptocurrency built on Ethereum’s technology, stored in a wallet and supposedly secure due to being locked, was not actually locked and safe, and hackers aimed for it, nearly causing a loss of 5 million ETH (about 5 billion yen at the time).
The Ethereum on which The DAO technology was based halted the flow of the blockchain and performed a hard fork to revert to the state before the theft, making the stolen The DAO unusable and avoiding further damage to the victims.
90% of the Ethereum community supported this hard fork measure.
However..............the continuation is here ⇩
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