Ethereum vs Ethereum Classic: Comprehensive Comparison

Ethereum and Ethereum Classic are two popular terms that are causing a lot of buzzes. All of this has caused investors to become perplexed as to whether they are the same or different. To clear things up, Ethereum and Ethereum Classic are two distinct names. Even though they are very similar, they are nevertheless distinct. One cannot deny that there was a time when there was only one Ethereum ecosystem. However, with important events in bitcoin history happening, we are now left with two distinct versions of the blockchain network.

ethereum coin with gemstones around

How Ethereum Classic came into being is intriguing enough to draw everyone’s attention. Surprisingly, Ethereum Classic arose from a heated argument in 2016 following a rogue hacker’s theft of $60 million in Ether. You are at the right place if you want to learn about the differences between Ethereum and Ethereum Classic and why there’s so much hype about Ethereum Classic. Continue reading to find out more!

Ethereum has had a fantastic year so far, but as new investors venture into the sometimes weird and perplexing world of cryptocurrencies, there is a risk of making mistakes. When attempting to purchase regular Ethereum, one possible error is to buy Ethereum Classic. No, Ethereum isn’t “cheaper”; the once-combined coins now have pretty distinct levels of support and roadmaps.

There is a great deal of information to learn about these two currencies:

What exactly is Ethereum?

Ethereum is the second most famous cryptocurrency behind bitcoin. However, unlike Bitcoin and most other virtual currencies, Ethereum is meant to be much more than just a channel of exchange or a store of value. On the other hand, Ethereum refers to itself as a decentralized computing network based on blockchain technology. Let’s take a review of the concepts.

Ethereum is a decentralized public registry for validating and recording trades as a blockchain network. Users of the network can create, monetize, publish and use applications on the platform, and they can pay with Ether, the network’s cryptocurrency. Insiders refer to the network’s decentralized applications as “dApps.”

What is Ethereum Classic?

Ethereum Classic is a permissionless digital asset management platform that eliminates the need for third-party intermediaries such as banks and other financial institutions. Ethereum Classic enables truly unstoppable programmable money by allowing uncensorable smart contracts to be written, deployed, and executed.

Ethereum Classic is an extension of the original Ethereum chain’s unaltered history. Software programmers established the ETC network to uphold the principle of “Code is Law.”

The Decentralized Autonomous Organization (DAO) hack resulted in Ethereum Classic. The DAO was a project that began on the Ethereum blockchain in 2016 and functioned as a cryptocurrency venture capital fund. When we talk about DAO, we’re talking about investor capital that investors might pool with Ethereum-based DAO tokens.

People can submit and pitch their ideas to the Ethereum community after this. The DAO transfers Ether to the smart contract that represents the proposal when the proposal is approved. The attackers could withdraw $50 million more easily thanks to a weakness in the blockchain code. The community eventually determined that the Ethereum blockchain needs to implement a solution to reverse the attack and recover the cash.

The operating concepts of Ethereum

Like all cryptocurrencies, Ethereum depends on a blockchain network. A blockchain is a decentralized, distributed public registry that validates and records all trades. It’s distributed so that everyone on the Ethereum network has an identical copy of the ledger, which allows them to trace all previous transactions. It’s decentralized because the network isn’t run or maintained by a single entity but rather by distributed account owners.

Cryptography is used in blockchain trades to keep the network safe and verify transactions. People use supercomputers to mine or solve complex mathematical equations that confirm each trade on the chain and add new blocks to the Ethereum system. Participants are given cryptocurrency tokens as rewards. These tokens are called Ether in the Ethereum system.

Ether may be used to buy and trade goods and services. Its price has also risen exponentially in past years, making it a speculative investment asset. However, Ethereum is unique in that holders may create apps that run on the blockchain seamlessly. Personal data can be stored and transferred. These programs can manage sophisticated financial transactions.

As part of the mining process, Ethereum can conduct computations. This fundamental computational capability transforms a value store and medium of exchange into a decentralized global computing engine and openly verifiable data storage.

An overview of the history Ethereum network

Vitalik Buterin was the first to describe Ethereum in late 2013. He claimed that Bitcoin (BTC) required a new programming language to automate job execution and create apps on the blockchain. Ethereum was built in 2014 because the concept did not receive enough support in the Bitcoin community. In July 2014, the Ethereum community used a crowd sale to fund the initial development activities. It raised over 25,000 BTC, making it the most significant crypto fundraising event ever at the time. Ethereum had over $17 million in market cap after the crowd sale, compared to around the recent $22 billion.

The Ethereum blockchain differs from the well-known Bitcoin blockchain. It allows decentralized programs to be created on top of it using self-executing contracts, commonly known as smart contracts. It was particularly enticing to small enterprises because of the decentralized smart contract. When the Decentralized Autonomous Organization (DAO) was founded, it was inevitable that the blockchain would divide.

The DAO would allow people to form an Ethereum pool and decide on a project to invest in as a group. The concept was a big success, raising $150 million in ETH at the time. Unfortunately, attackers were able to withdraw $50 million due to a weakness in blockchain technology.

The entire story split the Ethereum community. There was no alternative to change the event because of the blockchain’s transparent and everlasting ledger. However, a significant portion of the community concluded that the Ethereum blockchain needed to be changed to reverse the attack and recover the cash.

The community couldn’t adopt only one solution, resulting in a hard fork. The previous blockchain, which chose to preserve records, was christened Ethereum Classic (ETC), whereas the new network will be called Ethereum (ETH).

The attack on the Ethereum blockchain in 20, and the first blockchain hard fork, laid the stage for the first ETC vs. ETH debate.

With that in mind, we’ll attempt to answer the most crucial question about Ethereum vs. Ethereum Classic. Is it wise to invest in Ethereum Classic?

What exactly was the DAO?

The Decentralized Autonomous Organization (DAO), originally presented to Ethereum, was a funding platform for startups and new initiatives on the network. It was also a tool for making all of the crucial decisions about Ethereum’s future. Unlike traditional governing and fundraising bodies, the DAO was run entirely by code and required no human participation.

The DAO is not a one-time endeavor. These applications are a component of the fascinating concept of the self-governing autonomous corporation, and they deserve to be investigated further. In our overview post about DAO, you can read the entire narrative.

Ethereum’s feat in completely replacing corporate leadership and giving the community authority through vote was genuinely remarkable. To take part, all members had to do was invest in the DAO. They provided ETH in exchange for DAO tokens, which allowed them to vote on initiatives.

The community gave the money invested in the DAO to the most voted initiatives. Those who supported profited from the fundraising and successful projects allowed stakeholders to collect dividends.

The platform was a resounding success, raising more than $150 million in less than a month from over 10,000 investors. At the time, it was the largest crowdsourcing initiative ever. The DAO also provided a way out for investors who were dissatisfied with the community’s decisions. They might take their money out at any time. The only stipulation was a 28-day lock period, which barred owners from immediately utilizing their funds.

The Ethereum vs. Ethereum Classic Split: what was the reason for it?

The DAO was designed to be a decentralized, community-based funding tool. If a blockchain app is successful, the community will support its development and receive a share of the returns. It was developed using the Ethereum blockchain and ran on a collection of smart contracts. Consider a venture capital firm where the investment cash is crowdsourced, and no management is in charge of deciding which projects are funded. The DAO allows token owners to make investment decisions, with money going to initiatives with more than 25% community support. It started operations in April 2016 and was backed by one of the most significant crowdfunding efforts in history, earning about $150 million in Ether. The DAO attracted 14% of all Ether in circulation at its height.

The DAO code had several security problems that surfaced in May and June 2016. DAO tokens had to be bought using Ether by project backers. A “Split Function” was devised to allow investors to withdraw their support from a project they did not want to back. The function allowed an investor to depart the DAO by creating their unique DAO, referred to as “child DAO.” The holder would collect their Ether back once the system activates the splitting function, and the network would update the public ledger. After that, the possessor must keep Ether for 28 days without being able to utilize it.

On June 17, 2016, the community used the splitting function with other flaws to attack the vulnerability. By repeatedly triggering the splitting function, the hacker or hackers stole 11.5 million Ether, valued at almost $50 million at the time. Without recording the transaction on the public ledger, the network continued to repay Ether for the same DAO tokens. However, the stolen Ether was still subject to the 28-day hold period. The Ethereum community could either initiate a fork to undo the fraudulent transactions or do nothing because the Ether was technically recoverable.

The community was separated along ideological lines as a result of this dispute. The key reason for doing nothing was that the blockchain was supposed to be immutable and unaffected by any single person or group. This was an essential feature of decentralized apps. Forking the blockchain would create a moral hazard to reverse the hack, potentially leading to future hard forks for unstated reasons.

A referendum was held On July 15, 2016, with 87% of the community voting for the hard fork. However, only 5.5% of the 82 million Ether tokens in circulation took part in the vote. The new Ethereum Classic network changed the history of the previous blockchain to undo the DAO attack. The first Ethereum Classic block was mined on July 20, 2016, retaining the unaltered record.

Because this was a hard fork rather than a soft fork, any future Ethereum blockchain updates will not be compatible with Ethereum Classic.

How Hackers stole from the Ethereum Network

Although many would assume the hacking procedure caused the separation. However, we’d like to look into how the hackers could steal more than $50 million worth of Ether from the system.

A community member, Peter Vessenes, uncovered a critical vulnerability in Ethereum smart contracts shortly after the fantastic crowd sale. It was about a potential “recursive call” vulnerability in the code. This flaw might allow certain DAO conditions to be bypassed by repeatedly repeating actions and events in a loop.

Vessenes publicly reported this flaw, which spelled disaster for the original Ethereum network. Despite the security vulnerability, some experts maintain that the monies raised through DAO are safe and secure. While the community worked to solve the flaw, a nefarious actor took advantage of the situation and steadily drained $50 million in Ether.

Here’s how hackers stole from the system:

  • The hacker devised a smart contract that would send a request to the DAO for withdrawal of funds.
  • Usually, the DAO would exchange ETH for DAO tokens and then complete the transaction on the network; however, the hacker included a recursive call in his request, which would force the smart contract to withdraw funds before completing the transaction.
  • In this method, the hacker continued siphoning ETH from the DAO fund to his account.
  • When the miner noticed the attack, the Ethereum network went into a state of chaos.

The DAO Attack and Its Aftermath

While Ethereum is not to blame for what happened with the DAO, the episode has broken people’s faith in cryptocurrency in general. People were openly eulogizing as the price of Ether dropped from $20 to $13.

Even though the hacker took $50 million in Ether, it remained in the child DAO. He couldn’t access it because the DAO smart contract clearly stated that any invested ETH removed from the DAO would be unavailable for 28 days. Based on this action, the Ethereum community and team decided to take action, proposing three possible solutions:

  • Nobody should do anything.
  • Hard Fork vs. Soft Fork

No one takes action

Some say that any alterations would go against the nature and underlying concept of crypto blockchains themselves. After all, “code is law,” and it’s intended to be unchangeable.

However, many people were dissatisfied with this; therefore, the majority chose soft fork.

What Is A Soft Fork in the Ethereum network?

There are two options for updating a chain: a soft fork or a hard fork. Consider a soft fork as a software upgrade that is backward compatible. What exactly does that imply? If you have MS Excel 2005 installed on your laptop and wish to open a spreadsheet created with MS Excel 2015, you can because MS Excel 2015 is backward compatible.

However, there is a distinction to be made. All of the updates that are available in the current version are not available in the earlier version. Returning to our MS Excel scenario, if the 2015 version has a function that allows you to insert GIFs into the spreadsheet, you won’t see those GIFs in the 2005 version. In other words, you’ll see all of the text but not the GIF.

That is what Ethereum intended to do with its blockchain essentially: a soft fork in which users can choose whether to update, but both updated and old users can still communicate with one another. The objective was to completely lock down the Ether that the hacker had stolen by ignoring and segregating any blocks containing a transaction that would allow the hacker to move around their stolen Ether.

This looked like a brilliant strategy, and the bulk of the Ethereum community was on board. Then an issue arose, and the community as a whole found itself in a new situation. A “Denial Of Service” (DoS) attack vector would come from implementing a soft fork.

Understanding the Soft Fork Denial of Service (DoS)

In the Ethereum ecosystem, “Gas” rewards for all mining actions. Crypto miners are primarily safe from DoS attacks in this way. Assume that someone decides to attack the network by flooding it with transactions that necessitate complex computations. The miners can then sit down and perform these computations, and even if they fail, they will receive a Gas score, which equals the number of counts they have completed. As a result, the more time-consuming and complex the computation, the more Gas they acquire while also requiring the attacker to spend a significant amount of their own money to carry out these attacks.

But, as soon as this soft fork is deployed, the hacker will devise a way to circumvent the mechanism. Now the hacker can flood the network with transactions that interact with the DAO, forcing the miners to perform infinite complex computations for little to no Gas and at no cost to him. The attacker can even fool the miners into doing a malicious computation by setting a high gas price.

This meant that using a soft fork was not a no-no. This meant that the Ethereum community had just one option, which was the “Hard Fork.”

What Is A Hard Fork in Ethereum network?

The most significant distinction between a soft fork and a hard fork is that the latter is not backward compatible. There is no change of mind once it has been used. If you do not upgrade to the upgraded version of the blockchain, you will not access any new updates or interact with other users of the new system.

The hard fork in Ethereum is supposed to function as a branch that splits from the main blockchain at a specific moment (in this case, right before the DAO attack). The old and new chains are identical until that moment (block 1,920,000), but the two chains become wholly different entities following the fork. “Ethereum,” or “ETH,” was the moniker given to the new chain.

The software engineer created the hard fork to refund all of the money that the DAO had taken from everyone using a refund Smart Contract that only had the function of “withdraw.” DAO token holders will receive 1 ETH for every 100 DAO. This initiative sparked a firestorm of opposition among the community, resulting in a schism. People who were “anti-hard fork” refused to switch to the new blockchain and instead chose to stick with the old one, dubbed “Ethereum Classic” or “ETC.”

And this is where conflict between ETC and ETH, raging in the Ethereum community, comes into play. This conflict is intriguing since it is both ethical and ideological. So let’s put on our microscopic glasses and take a close look at both family crypto brothers.

What are the similarities between Ethereum Classic and Ethereum?

Ethereum and Ethereum Classic are, for the most part, reasonably comparable platforms. Up to block 1,920,000, their blockchains are identical. Following this, each network began to keep track of its transactions.

In terms of functionality upgrades, Ethereum Classic aims to keep up with its mainstream version. The recent Magneto hard fork exemplifies its efforts. The update comes after the Ethereum Berlin upgrade and aims to increase network security while lowering gas costs.

Both platforms support smart contracts and provide tools for developing and hosting decentralized apps. However, mainstream Ethereum is far more prevalent among developers because of its more dynamic approach to evolution.

You can use Ethereum and Ethereum Classic to run decentralized applications (dApps). What are decentralized applications (dApps)? They’re Ethereum blockchain-based digital applications or programs. Decentralized apps are a new culture in the Ethereum industry that uses a peer-to-peer network of computers to host apps while throwing out centralized corporations (such as Google) who try to control everyone and everything.

Smart Contract technology, which is included on Ethereum Classic and Ethereum, is also used in decentralized apps. A smart contract is a linear code that executes instructions after meeting specific terms and conditions. The following sentence is at the heart of the smart contract code: “If this happens, then do this.”

Technically, you can find Smart Contracts on various platforms. If you wish to buy a scarf on eBay, for example, your bank’s software will only release cash if the amount in your account exceeds the scarf’s price. The same thing happens with Ethereum’s smart contracts, but there’s no intermediary (e.g., a bank, governmental body, central authority). Everything hinges on the blockchain, a peer-to-peer network.

According to Capital, while Ethereum is the major blockchain for mining and purchasing non-fungible tokens (NFTs), some developers create NFTs on Ethereum Classic.

Ethereum Classic is more conservative and lacks the support and resources of the Ethereum Foundation, which Vitalik Buterin leads.

What Are the Significant Differences Between Ethereum and Ethereum Classic?

Ethereum and Ethereum Classic are two different versions of the same code. However, how these two approaches have evolved has had a substantial impact on the speculative value of each item. There are few distinctions because they are so similar, but the ones that do exist are significant.

Concepts and Development

After becoming obsessed with Bitcoin and blockchain, Vitalik Buterin came up with the idea for Ethereum. Realizing that the original cryptocurrency had limitations, he used the new technology to construct his platform, which would support smart contracts or digital agreements that work and behave in a specific way.

Smart contracts can be basic agreements for things like real estate deals or more complex code that powers decentralized exchanges, Defi applications, and other things. The Ethereum-based Uniswap smart contract, for example, functions as its exchange.

Although Ethereum Classic can accomplish all that Ethereum does, it has been mostly abandoned by the development community. The Defi Pulse chart, which shows a total value in ETH locked up rather than ETC, is a beautiful visual depiction.

Ethereum Classic has no DEX, Dapps, NFTs, or anything else, and the cryptocurrency has been subjected to many 51% attacks due to the lack of support.

Transactions and Response Time

The pace of both systems is around 12-15 transactions per second, and the time it takes to obtain Ether varies substantially depending on how much ETH gas costs are paid. The faster the transaction, the higher the fee.

In addition to Ethereum transactions, ERC-20 tokens generated on the platform also require ETH to send, putting the asset in high demand as more tokens are built on the platform.

Thanks to the ETH 2.0 version, which has been rolling out since 2020, Ethereum will support more transactions per second. With the ETH 2.0 update, 32 ETH are required to allow staking, and the number of ETH in the contract grows by the day.

Distribution and Supply

The total supply of Ethereum is a contentious topic. Several key Ethereum developers recently stated they didn’t know the total quantity, and the Bitcoin community chastised them. According to Martin Holst Sweden, an Ethereum core developer, the current total supply is roughly 112 million ETH.

According to CoinMarketCap, the total supply of Ethereum Classic is around 118,000. Because the distribution of both tokens is highly decentralized, the Securities and Exchange Commission of the United States has declared that Ethereum, like Bitcoin, is not a security.

The SEC considers a cryptocurrency to be a commodity if it is sufficiently decentralized. Ethereum is one of these cryptocurrencies, and it is assisting in its institutional acceptance.

Target Market and Use Cases

Both cryptocurrencies were created with the same goal in mind, targeting the same use cases and audience. Because it competes for the same market share and userbase as Ethereum, Ethereum Classic is perceived as an “attack” on Ethereum.

However, there is no comparison. ETC has no DeFi apps or NFTs, therefore ranks near the bottom of the cryptocurrency market cap list. When it comes to all cryptocurrencies, Ethereum is the most popular altcoin, trailing only Bitcoin.

Trends fluctuate, but not in the case of Ethereum Classic and Ethereum — Ethereum will continue to reign supreme, while Ethereum Classic will fade away.

Challenges with Ethereum

As previously stated, the formation of ETH is in direct opposition to the blockchain’s immutability and the principle of “code being law.” The hard fork was a cop-out from ETH in the view of anti-ETHers, who should have accepted the leading blockchain for what it was.

Another question was how anyone would know for sure that no more hard forks will occur in the future that were subject to human whims? What if there are numerous forks of Ethereum, each resulting in a different version of the cryptocurrency? What if hundreds of varying Ethereum versions are active at the same time? Isn’t this going to devalue it, as well as bitcoin in general? (Even if such drastic changes would require a majority vote of the Ethereum community.

Challenges with Ethereum Classic

Ethereum’s biggest flaw is its lack of backward compatibility with ETH. All of the community’s heavyweights have moved on from the original Ethereum chain, which means that anyone who belongs to the ETC will not access any of the ETH’s updates. The transition of ETH from Proof of Work (PoW) to Proof of Stake is a beautiful illustration (PoS). ETC will be unable to do so because their program does not allow for the use of updates.

But that’s not all; ETC has a slew of other sinister issues, some of which border on conspiracy. ETC is widely regarded as an attack on Ethereum itself. What exactly does that imply? Many claim that after the fork, when the community was split and vulnerable, the anti-Ethereum camp publicly endorsed ETC to cause community disruption.

Furthermore, notable writers such as David Seaman have stated that “Classic is an insecure orphan chain being pushed in a way that would be illegal if Ethereum were a publicly-traded corporation, which it may become in the future.”

The operating concepts of Ethereum Classic

Ethereum Classic is a cryptocurrency that is quite similar to Ethereum. The crypto depends on a blockchain that replaces payments and produces smart contracts and apps for users to own, interact and transfer ownership. Allowing developers to use the Turing Complete programming language will enable them to create automated programs that can be supervised using conditional outcomes.

It keeps a complete transaction history in a shared database, just like Ethereum and all other cryptocurrencies. It also keeps track of the most recent state of all blockchain-based smart contracts and user balances, which owners can transfer digitally to another user’s wallet. Crypto miners can mine ERC-20 tokens through the Proof of Work mechanism, power all of the activities. It cannot receive the ETH 2.0 update due to the separation.

Ethereum vs. Ethereum Classic: Which one is a better investment?

If you’ve been following along this far, you’ve probably already figured out which of the two Ethereum versions is the best investment. Given its flaws, it’s impossible to claim that ETC is a worthwhile investment at all.

For one thing, it is in direct opposition to Ethereum and is seen as an attack on the top altcoin, and it only serves to confuse new users and stymie uptake. It’s also been effectively 51% assaulted on a few occasions.

A 51% attack occurs when a large enough miner obtains control of the network’s hash rate and then utilizes it to double-spend and steal money. Ethereum Classic has been attacked 51% several times, making it a high-risk investment.

Ethereum, on the other hand, has a lot more going for it and is hence a far safer cryptocurrency investment.

What is the present state of Ethereum and Ethereum Classic?

Is Ethereum or Ethereum Classic a unique project today, according to the data? Unfortunately, Ethereum Classic appears to have limited space in the cryptocurrency landscape. It has a market capitalization of about $700 million, compared to $22 billion for Ethereum, which is 31 times larger. ETC isn’t the only smart contract project ahead of the curve. Cardano (ADA) has a market size of $1.3 billion, while EOS has a market cap of $2.3 billion.

The Ethereum network has seen a significant increase in the number of decentralized applications developed on the platform. Over 1,900 applications use Ethereum out of a total of 3,479 dApps. Ethereum likewise dominates the daily transaction volume. At the same time, dapp.com only displays eight Ethereum Classic applications.

Performance indicators such as total transactions and hash rates also indicate that Ethereum has a bright future. The Ethereum network has processed between 400,000 and one million daily transactions on average during the last two years. On the Ethereum Classic network, the average number of daily transactions has been roughly 40,000 for the same period. The Ethereum network’s hash rate, or processing power, is around 20 times higher.

In general, Ethereum is a better project. Transitioning to PoS consensus is crucial for broader acceptance and, if done correctly, should help the network to increase transactions dramatically. On the other side, Ethereum Classic has little appeal and few distinguishing characteristics.

What Does Ethereum and Ethereum Classic Have in Store?

The Chicago Mercantile Exchange (CME), the world’s largest derivatives exchange, said in December 2020 that Ethereum futures would be available in February 2021. If the US Commodity Futures Trading Commission (CFTC) signs off on everything, Ethereum’s future might be even brighter. Thanks to derivatives, investors will be able to wager on the future price of an underlying asset without really owning it.

Ethereum Classic’s future is unclear, and it appears to be less promising than Ethereum’s. Many developers have lost faith in the network due to a series of 51% assaults, and analysts have indicated that ETC needs to switch to a PoS consensus method to avoid future hacks.

The Pros & Cons of Ethereum and Ethereum Classic

Ethereum

Pros

  • It is expanding at a breakneck speed
  • It is backed by the bulk of the original big dogs who founded Ethereum
  • It has undone the DAO hack and returned the stolen funds to their rightful owners (the DAO token holders)
  • It is continually updated
  • Its hash rate is higher than ETC’s
  • An inspiring example of what the Ethereum community can achieve when working together to solve an issue
  • ETH is endorsed by the Enterprise Ethereum Alliance (EEA), a formidable consortium of over 200 corporations that seek to employ blockchain technology to operate smart contracts at Fortune 500 companies. Microsoft, JP Morgan, Toyota, ING, and others are among the members

Cons

  • It Goes against the immutability policy

Ethereum Classic

Pros

  • It is the original Ethereum cryptocurrency
  • it adheres to the blockchain’s immutability principle
  • It has just gained the support of a few significant players

Cons

  • Doesn’t have access to all of the latest ETH chain updates
  • All of Ethereum’s heavyweights have switched to ETH

Conclusion

The division of Ethereum into two chains resulted in two distinct factions, each with its tactics and ideals. Ethereum Classic chose to honor the original network’s legacy by adhering to actual decentralization concepts. Mainstream Ethereum favors the notion of adapting to the changing environment. The Ethereum 2.0 movement demonstrates the community’s commitment to improving the platform for a broad audience.

The tagline “Ethereum Classic against Ethereum” is far from sportswriters’ fantasies of a boxing ring showdown. Mainstream Ethereum has a significantly larger community dedicated to improving its performance and developing its DeFi features.

Ethereum Classic, on the other hand, maybe an exciting alternative to the new Ethereum 2.0 blockchain due to its support for the original proof-of-work consensus and its stable monetary policy. The strengths and drawbacks of both Ethereum twins can be utilized to generate competing solutions in light of recent initiatives to provide network interoperability.

If you are trying to invent a creative idea in the industry with a new Ethereum project, don’t forget to employ the help of a seasoned dApp development team. You can avoid most of the dangers and technical challenges with the aid of a good group of professionals.

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