ETC vs ETH – Ethereum Classic (ETC) Review. Ethereum Classic still offers the Exact characteristics of Ethereum, Such as the creation and deployment of smart contracts and Decentralized software. Also, it has all the exact specifications, such as average block time, size, and reward.
Ethereum Classic Is not a brand new cryptocurrency, but as an alternative is a split from an existing cryptocurrency, Ethereum. Both blockchains are equal until obstruct 1920000, at which point the hard fork is to refund. This is because the DAO token holders had been executed, and therefore all the pockets, balances, and trades that happened in Ethereum until the hard fork are still valid on the Ethereum Classic Blockchain. After the hard fork, the blockchains were split in two and behaved separately.
ETC vs ETH
The Ethereum Classic was, in such a way, created to allow intelligent contracts to conduct just as they are programmed, with no disturbance of a third party. Therefore, the ETC community asserts that the DAO smart contract did what it had been programmed to accomplish and that no action must be taken to censor the contract.
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ETC vs ETH – Ethereum Classic (ETC) Review
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When the hard fork Was implemented, users who disagreed with it chose not to upgrade their software and keep mining on the blockchain that didn’t possess this execution. However, since the hard fork creates an incompatibility between the new and previous variants, the users who chose to remain on the “initial” blockchain have diverged into their particular blockchain equal to Ethereum’s in every manner until block 1920000.
If you had ETH on Kraken or even Poloniex at this fork, you might Be credited the exact quantity of ETC; buying and selling one will probably not affect one other because they have been on different blockchains.