Cryptocurrency Q&A
Why did Ethereum Classic fork?
Why did Ethereum Classic fork?
GwanghwamunGuardian
Mon Dec 30 2024
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7 answers
1753
Ethereum Classic forked due to a dispute within the Ethereum community following the DAO hack in 2016. A small group of developers and miners believed in the principle of 'code is law' and refused to accept the hard fork that reversed the hack, thus creating Ethereum Classic as the original, unaltered Ethereum blockchain.
7 answers
IncheonBeautyBloomingRadianceGlow
Wed Jan 01 2025
A flaw in The DAO project's smart contract software was exploited.
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Federico
Wed Jan 01 2025
This led to the theft of $50 million worth of Ether.
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DigitalCoinDreamer
Wed Jan 01 2025
Following the incident, the Ethereum network underwent a split.
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Federico
Wed Jan 01 2025
Two separate blockchains emerged as a result.
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Valentina
Wed Jan 01 2025
On July 20th, 2016, a significant event occurred in the Ethereum network.
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