Ethereum Classic: The First Hard Fork Of Ethereum

1
Crypto World At Your Finger Tips!
www.cryptoknowmics.com
2
Ethereum Classic The First Hard Fork Of
Ethereum
www.cryptoknowmics.com
3
If you are a true crypto-enthusiast who loves to
explore new terminologies in cryptocurrency, then
it is expected that you must be knowing about
what is a soft fork and hard fork in the
blockchain. If yes, then you must be aware of
hard forks that got spawned from the Bitcoin
blockchain after the split. One of the big
examples is Bitcoin Cash.
4

• But it is not the only result of a hard fork.
  Bitcoin Cash has sibling hard forks that too got
  spawned from Bitcoin. They include Bitcoin
  Diamond, Super Bitcoin, and Bitcoin Gold. But
  today, we are not going to emphasize any of the
  Bitcoins hard fork. Today, we are going to
  introduce Ethereum Classic, the first hard fork
  of Ethereum. The second most cryptocurrency after
  Bitcoin.
• Cryptocurrency forks are an important aspect of
  the cryptocurrency world. They, however, occur
  very rarely. These forks can either be planned or
  unplanned depending on the need of the situation.
  No matter how they look, but when they emerge,
  they reflect new updates from their parent crypto
  token. Just like Bitcoin Cash and other hard
  forks, Ethereum classic is too an example of a
  hard fork of Ethereum.

www.cryptoknowmics.com
5

• Ethereum Classic happened to be the first hard
  fork of Ethereum. But this hard fork is
  surrounded by controversies in comparison to its
  other sibling hard forks including Serenity,
  Ether Zero, and Metropolis.
• The need for Ethereum Classic came into being
  when the hacking of DAO (decentralized autonomous
  organization) used by Ethereum was discovered by
  its development team. They came up with a swift
  decision to introduce a hard fork that would
  restore all the coins that got stolen. However,
  it did face some backlash too.

www.cryptoknowmics.com
6

• Ethereum Classic did not get much warm welcome in
  the beginning. It was because of the division of
  opinions between the two camps. Where one came in
  support of it, the other termed it to be a
  violation of decentralization.
• Most of the people are still not in favour of
  Ethereums first hard fork, and still consider
  the old Ethereum.

www.cryptoknowmics.com
7
Conclusion The real cause behind Ethereum classic
was the cause of hacking that was spotted on DAO
used by Ethereum by its team of developers. This
became the reason for the spawn of Ethereum's
first hard fork, which is popularly known as
Ethereum Classic. Besides understanding the
difference between the soft fork and hard fork, a
crypto enthusiast must also know that forks do
not happen so often. Sources https//www.cryptokno
wmics.com/news/guide-to-forks-everything-you-need-
to-know-about-forks-hard-fork-and-soft-fork
www.cryptoknowmics.com
8
Crypto news and articles
Exchange wallet listing
Market price analysis
Crypto discussion forum
ICO listing and rating
Crypto jobs marketplace
Features
Tokens and coin listing
Airdrop and event listing
DApp listing review
ICO Launchpad
Crypto gaming platform
Blockchain tutorials and courses
www.cryptoknowmics.com
9
For any further queries or clarifications please
contact at
- listing_at_cryptoknowmics.com - info_at_cryptoknowmics
.com
- www.cryptoknowmics.com - www.cryptoknowmics.io
www.cryptoknowmics.com