• Ethereum Classic follows Ethereum with a Phoenix hard fork.
  • The two networks now share the same protocol.

Ethereum Classic (ETC), the original version of the Ethereum blockchain that now plays second fiddle to the main Ethereum (ETH) itself has now performed its Phoenix hard fork according to the core team. Ethereum itself underwent a new fork called Istanbul fork earlier this year too.

As a result of these similar forks, both the ETC and ETH now operate the same protocol entirely and thus are inter-compatible. This follows the trend from the beginning of the split that resulted in due to the DAO hack of 2016. While of the new networks, ETH is now de-factor THE Ethereum network but ETC is still tagging along as well.

ETC most famously refused to reverse the hackings initiated by an unknown hacker of the DAO hack fame. It believed that no amount of consensus should be able to adulterate the record of a blockchain and would set a dangerous precedent. However, much of the community sided with the Ethereum (ETH) blockchain that reversed these changes and the hacker eventually got little or no benefit from his move.

BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: pixabay.com
Comments are closed.

Check Also

Bloomberg Report Shows Tether May Replace Ether at #2

Bloomberg report says stablecoins, especially Tether (USDT), will get more popular over ti…