![]() Hoskinson even introduced the ETC platform to executives at Microsoft a tech giant who is very interested in blockchain technology.Īnother staunch supporter of ETC is the founder of the venture capitalist firm Digital Currency Group (DCG) Barry Silbert. However, another co-founder of the ETH project and the well-known cryptographer Charles Hoskinson (also the inventor of Cardano ADA) had backed ETC development in 2016. For instance, the inventor behind the original ETH protocol Vitalik Buterin is not involved with the ETC project. The blockchain split took place at precisely block height 1920000 and everyone who owned ETH before this period received one ETC.Īs mentioned above there are not that many differences between both networks functionality but as far as adoption, hashrate, and development ETH is by far larger. Those who disagreed with this fork (roughly 15% percent of the ETH hashrate) chose to split that day before the reversal in order to remain immutable. The fork that took place in the summer of 2015 was controversial because the Ethereum (ETH) developers planned to reverse the DOA hack a faulty decentralized application (Dapp) built on top of the network. ETC is also the first high profile fork that created another coin and network before the August 1 Bitcoin Cash event. ETC is just like ETH as it is open-source, a public blockchain and also has smart contract (scripting) functionality while providing a Turing-complete virtual machine. The cryptocurrency Ethereum Classic (ETC) is a fork of the legacy Ethereum (ETH) network as the blockchain had split on July 30, 2015, due to contention over the hard fork that took place that day.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |