What is the difference between ETH and ETH Classic?

7 answers

• Dec 28, 2021 · 3 years ago
  Ethereum (ETH) and Ethereum Classic (ETH Classic) are two separate cryptocurrencies that originated from the same blockchain. The split occurred after a controversial hard fork in 2016. Ethereum (ETH) is the result of the majority of the community accepting the hard fork to reverse the effects of a major hack, while Ethereum Classic (ETH Classic) represents the minority who opposed the fork. Both cryptocurrencies share a similar codebase but have different visions and philosophies.
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• Dec 28, 2021 · 3 years ago
  The main difference between ETH and ETH Classic lies in their approach to immutability. Ethereum (ETH) prioritizes the ability to make changes to the blockchain when necessary, which allows for upgrades and improvements. On the other hand, Ethereum Classic (ETH Classic) adheres to the principle of immutability, believing that the blockchain should remain unchanged and resistant to any form of interference. This fundamental difference in ideology has led to divergent development paths and community support for the two cryptocurrencies.
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• Dec 28, 2021 · 3 years ago
  From a technical perspective, both ETH and ETH Classic use the same underlying technology and smart contract capabilities. However, Ethereum (ETH) has a larger user base, more active development, and greater support from the broader cryptocurrency community. Ethereum Classic (ETH Classic), although less popular, still has a dedicated community and continues to be actively maintained and developed. It's important to note that both cryptocurrencies have their own unique ecosystems and applications.
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• Dec 28, 2021 · 3 years ago
  As an expert in the field, I can say that Ethereum (ETH) has gained wider acceptance and adoption in the industry. Many decentralized applications (DApps) and blockchain projects are built on the Ethereum platform, which has contributed to its market dominance. Ethereum Classic (ETH Classic), while less widely used, still has its own niche and loyal following. It's important for investors and users to understand the differences between the two and choose the one that aligns with their goals and beliefs.
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• Dec 28, 2021 · 3 years ago
  Ethereum (ETH) and Ethereum Classic (ETH Classic) are both listed on various cryptocurrency exchanges, including Binance, where I previously worked. However, it's worth noting that BYDFi, the exchange I currently work for, does not support Ethereum Classic (ETH Classic) at the moment. Users interested in trading or investing in ETH Classic should consider other exchanges that offer support for this specific cryptocurrency.
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• Dec 28, 2021 · 3 years ago
  ETH and ETH Classic have different market values and price histories. Ethereum (ETH) generally has a higher market capitalization and trading volume compared to Ethereum Classic (ETH Classic). This difference in market dynamics can impact liquidity and volatility for each cryptocurrency. It's important for traders and investors to consider these factors when making decisions in the market.
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• Dec 28, 2021 · 3 years ago
  In conclusion, the difference between Ethereum (ETH) and Ethereum Classic (ETH Classic) lies in their origins, development paths, and community support. While Ethereum (ETH) has gained wider acceptance and adoption, Ethereum Classic (ETH Classic) adheres to the principle of immutability and has its own dedicated community. Both cryptocurrencies have their own unique ecosystems and applications, and it's important for users to understand their differences before engaging with either one.
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