What is the difference between Ethereum and Ethereum Classic (ETH vs. ETC)?

Although the two crypto assets Ethereum (ETH) and Ethereum Classic (ETC) appear to be identical, the two digital currencies have significant distinctions. It is critical to understand the differences between ETH and ETC before considering to invest in either cryptocurrency.

An overview of Ethereum’s history: How it all began

It all began when the Ethereum blockchain and its native coin, Ether, were the only ones available. On the network, users may construct permanent, immutable apps. The blockchain was invented by Vitalik Buterin and several other developers to allow decentralized apps to be constructed using smart contracts.

Buterin decided to raise funds through a crowd-sale in 2014, which raised 25,000 BTC at the time, which was worth $17 million. In mid-2015, the network finally went operational.

The Ethereum network is facilitated and secured using Ether, the blockchain’s native coinage. Users on the network can pay fees in ETH, which is also utilized as an incentive for miners to work to validate transactions and mine the tokens.

The DAO incident, which occurred in mid-2016 and changed the trajectory of the blockchain forever, was one of the most momentous attacks in bitcoin…