Replies to post #2340 on Ethereum (ETHUSD)

[pcjockey]

never mind... found some info:

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.