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What is the difference between Ethereum and Ethereum Classic?

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horizontal top view close up of metallic ethereum on a stack of bitcoin golden coins

When you take a look at crypto market spreadsheet, you can see two different types of Ethereum; Ethereum (ETH) and Ethereum Classic (ETC). On this post, you can learn the basic information difference between the two.

There was only one Ethereum before. In June 2016, $50 million was stolen by unknown hackers and this resulted in two separate Ethereum in the cryptocurrency market. They differentiated the hacked Ethereum and Ethereum Classic.

 

The Differences between ETC vs ETH

Ethereum has functions as a new blockchain and the vast majority of miners & users use the new version of Ethereum.

Actually, Ethereum is derived from Ethereum Classic.

Ethereum Classic (ETC) runs on the same protocol with similar functions but it has some distinct difference in its community. The 10% of people with the original Ethereum are loyal to the immutable ledger. ETC has values due to speculator market, similar to many other altcoins.

On the other hand, Ethereum is more like a company that desires to grow and could have more hard forks in the future. Ethereum primarily has values due to speculator markets and community support. The Ethereum Alliance consists of huge firms such as Microsoft, Accenture, JP Morgan, and UBS. This support has added credit to ETH.

Distinct strengths and weaknesses exist for both ETH and ETC. But ETH is more favored since it has a market capacity of over $15 billion. ETC has only around $1.5 billion.

 

Final Thoughts

Majority of cryptocurrency investors have chosen Ethereum between ETC and ETH. While Ethereum could be recognized as a violation of the principles, it is the example of victory for the Ethereum community being able to manage the worst hacks in crypto history. If there was no victory, the cryptocurrency may not exist today.


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