Ethereum vs Ethereum Classic

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21 Aug, 2024

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Difference Between Ethereum and Ethereum Classic

Ethereum, represented by the ETH, is the new chain that is the original blockchain’s offset and takes a second to confirm any transaction. In contrast, the Ethereum Classic represented by ticker ETC is an original chain and not the offset of any original blockchain.

The basic differences between Ethereum and Ethereum Classic are the blockchain technology used. This article looks at the key differences between them in detail.

Difference Between Ethereum and Ethereum Classic

Ethereum (ETH) vs Ethereum Classic (ETC) Infographics

Let us see the top differences between Ethereum and Ethereum Classic.

Key Differences

Ethereum and Ethereum Classic are the two different versions of the pre and post era of the hard fork.
Ethereum’s blockchain technology has evolved after the DAO hacking of $50 million. But unfortunately, the supporters of ETC went with the same old blockchain technology.
ETH was created in late 2013, but it is more evolved now. ETC was born in 2016, but it is an old version (and not new).
Ethereum developed because the supporters wanted to support the investors that lost money in the DAO. Ethereum Classic was born when a small group of people resisted going with the more evolved version of Ethereum.

Ethereum vs Ethereum Classic Comparative Table

The Basis for Comparison	Ethereum	Ethereum Classic
Created	It was founded in late 2013. Later in January 2014, the creator of Ethereum announced the launch at a conference.	It came into the scene after the DAO got hacked, and $50 million was stolen by the hackers. It was around May 2016.
Blockchain Technology	It is now run on a more evolved technology.	It follows the same old blockchain technology.
Total Supply	It has an uncapped total supply with a fixed supply per year.	It has changed this, reducing the block reward by 20% at the 5 millionth block number and 20% every 5 millionths.
Pre & Post Era	Before the hard fork, Ethereum existed, but it has become more powerful after the hard fork.	It was born after a hard fork. A small group of people believed that the same blockchain technology would work.

Conclusion

When the DAO got hacked and lost $50 million, Ethereum needed a solid technology to replace the old one. So, a hard fork was born. But many traditional supporters of Ethereum did not want to go with the hard fork, and they stayed with the old blockchain technology. As a result, Ethereum Classic was born.