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Ethereum vs. Ethereum Classic

Curious about the difference between Ethereum and Ethereum Classic? You’re not alone. These two crypto assets share many similarities apart from just their names.

 

In fact, Ethereum Classic was created because a group of users chose not to upgrade to new code recommended by Ethereum developers in light of the DAO hack, and chose to run the Ethereum blockchain unaltered.  

 

Let’s dive deeper into the differences between Ethereum and Ethereum Classic. 

Ethereum vs Ethereum Classic
Ethereum

ETHEREUM

Ethereum was built to be a kind of operating system for any number of custom assets and programs.  A majority of its users upgraded its software to restore funds to those who lost them during the DAO hack.

Ethereum Classic

ETHEREUM CLASSIC

Ang Ethereum Classic ay isang pagpapatuloy ng mas matandang Ethereum software na may rekord ng pagnanakaw. Sa pamamagitan ng pagpapatuloy sa pagpapatakbo sa code na ito, ang mga user ay maaaring mabisa na makapaglikha ng isang bagong cryptocurrency.

Upang higit na maunawaan kung paano gumagana ang dalawang complex na network, basahin sa ibaba ang side-by-side comparison ng Ethereum vs Ethereum Classic para maumpishan mo na maintindihan at ma-appreciate ang kanilang pagkakaiba.

Ang pagkakaiba ng Ethereum at Ethereum Classic

Ethereum

Ang Ethereum ay nilikha na may balak na maging global, open-source platform para sa pasadyang mga asset at bagong mga uri ng mga aplikasyon sa ekonomiya. 

 

Itinuturing na isa sa pinaka ambisyosong mga proyekto ng blockchain hanggang ngayon, ang Ethereum ay naglalayon na mag-leverage ng teknolohiya ng blockchain sa desentralisadong mga produkto at serbisyo sa malawak na saklaw ng mga gamit na mga kaso na hindi maaabot ng pera. 

 

Hanggang ngayon, ang Ethereum ay nakakita ng ilang natatanging mga yugto na binigyang diin ang iba't-ibang aspeto ng kakayahan nito.

 

Una, dumagsa ang mga negosyante sa Ethereum noong 2017 sa panahon ng kasikatan ng "ICO boom", kung saan ang mga tagalikha ay sinubukang itaas ang pera para sa bagong mga proyekto gamit ang bagong mga asset sa Ethereum blockchain. Sa mga oras na ito, ang Ethereum na nakita bilang global capital allocator at funding mechanism.

 

Ang bagong yugto ng Ethereum, na tinatawag na decentralized finance (DeFi), ay nagsimula nang magtamo ng atensyon noong 2020. Nakita sa kilusang ito ang paglikha ng decentralized applications (dapps) na inilaan para sa awtomatikong pang pinansyal n mga serbisyo tulad ng lending o pag-hiram nang hindi kailangan ng tradisyonal na bangko o tagapamagitan.
 

Ethereum Classic

When Ethereum Classic (ETC) emerged, it challenged the idea about how blockchains could be launched, altered and upgraded.

 

Rather than copying and modifying an existing cryptocurrency software, or writing a new software from scratch, a minority of users continued to maintain the older Ethereum software with the record of the DAO hack after the software, now known as Ethereum, was upgraded. 

 

Thus, the Ethereum Classic fork occurred over an ideological dispute among Ethereum users over the “immutability” of the software, or the inability of any user to alter transactions that have been added to the blockchain’s history.

 

Ethereum Classic users saw the code proposed by Ethereum’s developers in the wake of The DAO as violating an essential guarantee of the software. Project developers tended to view the code as a one-time fix for a beta software.

Useful resources

If you are interested in learning more about Ethereum and Ethereum Classic, please visit Kraken’s “What is Ethereum?” and “What is Ethereum Classic?” pages.

 

If you want to learn more about the consensus mechanisms that power each blockchain, then the “Proof of Work vs. Proof of Stake” page is where you want to go!

 

Want more in depth information on specific cryptocurrencies and blockchain projects? If so, visit our Learn Center to further your education on this ever-growing space.