Review on Ethereum Classic by Thalhat Tee
Ethereum classics- success
Ethereum Classic is the original blockchain of the Ethereum network, which forked in 2016 to restore funds stolen in a $60 million hack. Ethereum Classic supporters have essentially clung onto the old network, and say the 2016 fork was a betrayal of the principle of “unstoppable” code. But now the communities are settling their differences.
To some, such as Ethereum Classic Cooperate staffer Yaz Khoury, collaboration with Ethereum will could bring in new recruits: Ethereum is set to transition from the miner-based Proof of Work algorithm to the less energy consumptive Proof of Stake algorithm. That could alienate scores of Ethereum miners, who believe it will hurt their business.
Others dream bigger, and predict that Ethereum Classic will eventually dwarf the Ethereum network entirely. Ethereum Classic Cooperative director Bob Summerwill, for instance, points to a spate of departures from the Ethereum community by developers who expressed fatigue at the long hours of unpaid, often thankless work.
The Ethereum Foundation declined to comment.
Pros
- it is good for ethereum safety
Cons
- none
