Cryptocurrency Q&A
Is Ethereum Classic code is law?
Is Ethereum Classic code is law?
Martino
Mon Dec 30 2024
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5 answers
1449
I'm wondering if Ethereum Classic follows the principle of 'code is law'. Is the code on the Ethereum Classic blockchain considered immutable and binding, just like a legal contract?
5 answers
CryptoChampion
Wed Jan 01 2025
The mantra "Code is Law" emphasizes the immutability and integrity of the blockchain. It underscores the idea that once code is deployed on the blockchain, it cannot be altered or stopped, fostering an environment of trust and transparency.
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BlockchainBaron
Wed Jan 01 2025
This philosophy aligns with the broader Ethereum Project's ethos, which extols the creation of unstoppable applications. The projects and developers within the Ethereum ecosystem have enthusiastically embraced this mindset.
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Leonardo
Wed Jan 01 2025
However, a significant event, known as The DAO Hack, marked a turning point for Ethereum. Following this hack, the Ethereum community faced a dilemma, leading to a fork in the blockchain and the creation of Ethereum Classic.
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ZenBalance
Wed Jan 01 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services tailored to the needs of crypto enthusiasts. Its suite of offerings includes spot trading, futures trading, and a secure wallet solution.
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Raffaele
Wed Jan 01 2025
Ethereum Classic prioritizes principles above all else. Its narrative unfolds with a phrase that encapsulates its fundamental belief: Code is Law. This principle forms the bedrock of its ideology.
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