Cryptocurrency Q&A
How old is Ethereum Classic?
How old is Ethereum Classic?
Sofia
Sun Jan 05 2025
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6 answers
1247
I want to know the age of Ethereum Classic. When was it created or launched? How long has it been in existence?
6 answers
GwanghwamunGuardianAngelWingsBlessing
Tue Jan 07 2025
Ethereum Classic emerged in 2016 as a result of a significant event in the cryptocurrency world. The decentralized autonomous organization (DAO) on the Ethereum blockchain faced a hacking incident.
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Martino
Mon Jan 06 2025
The majority of Ethereum users chose to move forward with a new chain that reversed the hack and restored the stolen funds. This chain continued as Ethereum.
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Giulia
Mon Jan 06 2025
The minority, who opposed reversing the hack, continued using the original blockchain. This chain became known as Ethereum Classic.
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DigitalEagle
Mon Jan 06 2025
The DAO utilized smart contracts to operate, but the hacking compromised its security. The attack led to a significant amount of funds being stolen.
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Martina
Mon Jan 06 2025
Following the hack, the Ethereum community was divided on how to respond. There were differing opinions on whether to reverse the hack and retrieve the stolen funds.
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