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Review on Ethereum Classic by Ganiyu Yisa
It is important to distinguish that Ethereum is not responsible for what…
It is important to distinguish that Ethereum is not responsible for what happens to Ethereum classic and also in the DAO because the DAO was operated completely independently of Ethereum. However, a $ 50 million hack has dissolved public confidence in Ethereum,.
Ultimately, the decision to fork is based on the fact that 50 million ethers remain in the child DAO of the hacker and can not be reached for 28 days due to the DAO Smart contract
Ethereum classic kept the original idea of ethereum while ethereum improvised on it's ideology.
Pros
- Ethereum classic smart contracts works like ethereum and essentially carry Ethereum's classic entire ecosystem. As these contracts are automated and enforced, transactions and applications running on the Ethereum classic platform have become very attractive to all possible applications.
Cons
- Ethereum classic smart contracts works like ethereum and essentially carry Ethereum's entire ecosystem. As these contracts are automated and enforced, transactions and applications running on the Ethereum classic platform have become very attractive to all possible applications. These applications, known as DAPPs (distributed applications), have a variety of features and functions that all use the Ethereum classic platform
