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May 23, 2018, 05:44:48 PM |
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A novice investor in Ethereum will quickly start to have questions. The digital currency tends to cause its followers "Ethereum-fever". Shortly after purchasing the token, people begin to study the technology of blockchain and decentralized applications (dapps). And here the big question arises: why are there two Ethereum? If you go to CoinMarketCap, you will notice that the digital currency called Ethereum classic is a few points below the Ethereum currency. These tokens have a lot in common: a strong development team, long-term potential and excellent technology. This similarity exists, because they literally copy each other. Most investors think that Ethereum will be the winner. However, this did not stop the growth of Ethereum classic — it has grown by 1.171% since the beginning of this year. How did we get into a situation where the parallel versions of Ethereum operate in the digital currency market? Like all typical break-up stories, this one started with a crisis.
Fork. A long time ago, in the distant, distant past of the blockchain... there was one Ethereum network. And then there was a disaster. This event was a digital attack. At one time, numerous investors made financial investments (and, therefore, a share) in the original Ethereum blockchain. The attack was carried out by one person who stole the money and moved it to a separate account. In a hurry to fix the situation, Ethereum developers have proposed to make changes to the blockchain for a refund. This decision was met with some resistance, as a compromise, the blockchain was duplicated, so the original Ethereum could remain unchanged. Several members of the Ethereum community disagreed with the change, insisting that the blockchain could not be modified to remain secure and protected from hacking. So, the technology is divided into two parallel blockchain. These community members continued to mine on the unaltered Ethereum blockchain and thus formed two Ethereum.
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