Ethereum vs Ethereum Classic

Updated on May 2, 2024
Article byWallstreetmojo Team
Edited byAshish Kumar Srivastav
Reviewed byDheeraj Vaidya, CFA, FRM

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.

Ethereum vs Ethereum Classic

You are free to use this image on your website, templates, etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Ethereum vs Ethereum Classic (wallstreetmojo.com)

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

Ethereum (ETH) vs Ethereum Classic (ETC) Infographics

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

Ethereum (ETH) vs Ethereum Classic (ETC) Infographics

You are free to use this image on your website, templates, etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Ethereum vs Ethereum Classic (wallstreetmojo.com)

Financial Modeling & Valuation Courses Bundle (25+ Hours Video Series)

–>> If you want to learn Financial Modeling & Valuation professionally , then do check this ​Financial Modeling & Valuation Course Bundle​ (25+ hours of video tutorials with step by step McDonald’s Financial Model). Unlock the art of financial modeling and valuation with a comprehensive course covering McDonald’s forecast methodologies, advanced valuation techniques, and financial statements.

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 ComparisonEthereum
Ethereum Classic
CreatedIt 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 TechnologyIt is now run on a more evolved technology.It follows the same old blockchain technology.
Total SupplyIt 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 EraBefore 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.

Recommended Articles

This article is a guide to Ethereum vs Ethereum Classic. Here, we discuss the top differences between Ethereum and Ethereum Classic with infographics. and a comparative table. You may also have a look at the following articles: –

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *