Difference Between Ethereum and Ethereum Classic
Ethereum represented by the ETH is the new chain which is original blockchain’s offset and takes the second’s time in order to confirm any transaction taking place whereas the Ethereum Classic represented by ticker ETC is an original chain and not the offset of any original blockchain.
The basic difference is the blockchain technology used. In this article, we look at the key differences between them in detail.
Ethereum vs Ethereum Classic Infographics
Key Differences
- They are the two different versions of the pre and post era of the Hard Fork.
- Ethereum’s blockchain technology has evolved after the hacking of $50 million from the DAO. The supporter of Ethereum Classic went with the same, old blockchain technology.
- Ethereum was created in late 2013, but now it is much more evolved. Ethereum Classic was born in the year 2016, but it is actually an old version (and not new).
- Ethereum got evolved because the supporters wanted to support the investors that lost the money in the DAO. Ethereum Classic was born when a small group of people resisted going with the more evolved version of Ethereum.
Comparative Table
| 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 is 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 and it has reduced the block reward by 20% at 5 millionth block number and 20% at every 5 millionths onward. | ||
| Pre & Post Era | Before the hard fork, Ethereum existed, but after Hard Fork, it has evolved to be more powerful. | It was born after hard work.was a small group of people who believed that the same blockchain technology would work. |
Conclusion
Many people think that Ethereum Classic is a new version of Ethereum. But actually, the opposite is true. Ethereum is the new version and not Ethereum Classic.
When the DAO got hacked and lost $50 million, ethereum needed a solid technology to replace the old one. So, Hard Fork was born. But many traditional supporters of Ethereum didn’t want to go with hard fork and they stayed with the old blockchain technology. And as a result, Ethereum Classic was born.
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