The dao ethereum
Or is the replacement of the ETH? If you aren't familiar with these events, click here to read a brief summary. Both sides have made some valid points regarding their position on the hard-fork debate. The hacker could not be allowed to profit from the exploit as it is ethically wrong and the community should intervene. This guide was created with the purpose of answering any questions you might have about Ethereum Classic (ETC). Since the hard-fork creates an incompatibility between the new and previous versions, the users that decided to remain on the "original" blockchain, have diverged into their own blockchain that is identical to Ethereum's in every way until block 1920000.
There is a slippery slope and once you modify or censor for one reason there is not a lot to keep you from doing it vanity search bitcoin in other circumstances. Not only it creates confusion among investors and casual users, but it also opens possibilities for replay attacks on both blockchains. Or just another currency?". They have different Blockchains and are independent of the dao ethereum one another. Does this also mean that if you buy ETH you automatically buy ETC with Poloniex?". Users that did not support the hard fork point out that: Code is law - the original statement of The DAO terms and conditions should stand under any circumstances. If the community acts now it will make people that are unethical think twice before they use Ethereum as their platform of choice.
Sponsored companies are clearly labelled. If a user signs and broadcasts a signed transaction in the dao ethereum one of the blockchain, that transaction can be replayed on the other chain without the consent of the private key holder, since the cryptographic signature for said transaction his already public on the other blockchain. The decision to return the money is short sighted and you might reduce the value of ETH down the line based on your decision to act now.
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Both blockchains are identical in every way up until block 1920000 where the hard-fork to refund The DAO token holders was implemented, meaning that all the balances, wallets, and transactions that happened on Ethereum until the hard-fork are still valid on the Ethereum Classic Blockchain. Ethereum Classic is not an original cryptocurrency, but instead a version of an existing cryptocurrency, Ethereum. Some providers pay us for advertisements or promotions on our website or in emails we may send you. It would be problematic to leave such a big piece of the Ether supply in the hands of a malicious actor and it might harm the value of Ether down the line.
After the hard-fork, the blockchains were split in two and act individually. The Hard-fork has been a controversial subject, that has split literally split the Ethereum community in two. But they have the dao ethereum the same features and even shared the same blockchain (Ethereum) until the hard-fork was introduced, which caused the blockchain to split in two (ETC and ETH).
Ethereum Classic can be considered a different cryptocurrency from the dao ethereum Ethereum. This is a bailout.
Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of smart contract and Decentralized applications, and has all the same specifications, such as average block time, size the dao ethereum and reward. Users that supported the hard fork argued the 'Code is law' is too drastic a statement and humans should have the final say through social consensus.
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