Ethereum Classic climbs 12% to new high

When the global cryptocurrency market cap reaches 0.22% today, Ethereum Classic (ETC) is leading the way with an all-time high of $ 44.80, up 12.23%. Meanwhile, in a comradeship show, Ethereum (ETH) is also weathering the storm. Up 1.5% to trade at $ 2,877 per coin, no doubt open to seek their own $ 3,000. Ethereum … Classic ?! Ethereum Classic is the original version of Ethereum. Ethereum, the most popular blockchain, left Ethereum Classic in 2016. It all started with something called the DAO. DAO stands for "Decentralized Autonomous Organization". A DAO essentially mimics the management of a company managed by its shareholders on the Ethereum blockchain. DAOs work with smart contracts (self-executing digital financial contracts), and those who own most of the money decide. There are tons of DAOs right now – they are part of decentralized management – but the original was launched on Ethereum in April 2016. He raised $ 150 million, but one attacker or group of attackers did. He managed to steal $ 55 million in a short time, taking advantage of a gap in one of his smart contracts. The book Sheds New Light on Ethereum's $ 55 Million DAO Hack DAO hack, a pivotal moment in blockchain history for two reasons. First, such a massive hack posed an existential threat to Ethereum, as $ 55 million was roughly the entire market cap of Ethereum at the time. The second resulted in the hard fork that created the hugely successful Ethereum blockchain. The network we know today as Ethereum voted to delete illegal transactions from the blockchain. Another group of people wanted illegal transactions to stay on the blockchain – mistakes are errors. Ethereum Classic was the branch that held trades, Ethereum knew them. Since then, blockchains have been in constant competition. But Ethereum, currently with a market value of $ 336 billion, took the lead. Ethereum Classic with a market capitalization of $ 5.66 billion, w

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