Assets, Ethereum

What’s the Difference in Ethereum and Ethereum Classic?

When it comes to Ethereum and Ethereum Classic, there are a few key differences that investors need to be aware of. First and foremost, Ethereum Classic is an original version of Ethereum that did not implement a hard fork following the DAO hack in 2016.

As a result, Ethereum Classic maintains the original blockchain from before the fork, while Ethereum has since moved on to a new blockchain.

NOTE: WARNING: It is important to understand the differences between Ethereum and Ethereum Classic before engaging in any transactions. Ethereum and Ethereum Classic are two separate blockchains, implemented through separate protocols. There are significant technical differences between the two, and it is crucial to ensure that you understand how each works and which one would be most suitable for your needs. Failure to properly understand the differences can lead to financial loss or other negative consequences.

Another key difference is that Ethereum Classic uses a proof-of-work algorithm, while Ethereum has plans to move to a proof-of-stake algorithm. This transition is expected to occur sometime in late 2018 or early 2019.

Finally, Ethereum Classic has a smaller market cap and trading volume than Ethereum. This is likely due to the fact that it is not as widely accepted or adopted as its fork counterpart.

Overall, these are the main differences between Ethereum and Ethereum Classic. Investors need to be aware of these distinctions before making any decisions about which platform to invest in.

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