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Monday, May 24, 2021 6:22:23 PM
Initially, the Ethereum blockchain was established as one network in which transactions were facilitated by using the cryptocurrency ether of ETH. However, in June 2016, the blockchain was hacked and $50 million worth of funds were stolen.
As a result, a split or hard fork was performed to secure the network. Ethereum Classic emerged as a split version of Ethereum's blockchain, the other being Ethereum itself.2 The split was performed to return the stolen funds to their original owners, as per the records prior to the hack.
This resulted in a fork leading to the two versions existing simultaneously. The newer network, or Ethereum, uses ETH or ether as its cryptocurrency while the older one, renamed Ethereum Classic, uses ETC.
The smoker you drink, the player you get.
Recent ETHUSD News
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- Bullish Return: Institutional Investors Pour $1.44 Billion Into Crypto In One Week • NEWSBTC • 07/16/2024 04:30:41 PM
- Memecoins, RWA, AI lead crypto narratives in Q2 2024 • Cointelegraph • 07/16/2024 02:15:50 PM
- Polygon launches upgrade ZK proving system Plonky3 • Cointelegraph • 07/16/2024 01:00:00 PM
- Why Is The Ethereum Price Up Today? • NEWSBTC • 07/16/2024 12:00:43 PM
- Big Filecoin Rally Ahead: Analyst Predicts 4,000% ‘Uphill Run’ • NEWSBTC • 07/16/2024 09:30:58 AM
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- Nearing $60M: Holders On A Buying Frenzy After BlockDAG Releases Sensational Ad, Overpowers Solana’s Dip & ETC Updates • ZyCrypto • 07/16/2024 04:05:23 AM
- Ethereum Price Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge? • NEWSBTC • 07/16/2024 03:18:54 AM
- Solana’s Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes’ Best-Performing Crypto Title • NEWSBTC • 07/16/2024 03:00:33 AM
- Dogecoin Flashes Same Pattern That Led To 2021 Surge, Here’s The Target • NEWSBTC • 07/16/2024 01:30:33 AM
- Bullish Solana Forecast: Expert Sees SOL Reaching 50% Of ETH’s Market Cap This Cycle • NEWSBTC • 07/16/2024 12:00:32 AM
- Kraken Head of Strategy Says Four Main Catalysts Likely To Boost Crypto in 2024 • The Daily Hodl • 07/15/2024 10:01:20 PM
- Ether could outperform Bitcoin after spot ETF launch: Kaiko • Cointelegraph • 07/15/2024 09:51:32 PM
- Ethereum Retakes $3.3K As Analyst Sees No Good Reason For ETH ETFs Not To Launch This Week • ZyCrypto • 07/15/2024 09:46:14 PM
- Vitalik Buterin Under Fire for Ethereum’s Slow Progress Amid 25% XRP Rally • ZyCrypto • 07/15/2024 09:37:53 PM
- Crypto Analyst Says Ethereum Price Is Headed To $4,000, Here’s Why • NEWSBTC • 07/15/2024 09:00:32 PM
- Time for altseason? Analysts say altcoin market is near ‘momentum bottom’ • Cointelegraph • 07/15/2024 08:45:00 PM
- Ethereum ETFs to launch July 23, Bloomberg analyst says • Crypto Briefing • 07/15/2024 07:43:58 PM
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- Solana Dominating Ethereum: SOL Analyst Now Targets $1,000 • NEWSBTC • 07/15/2024 07:30:57 PM
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