Tag: called Ethereum Classic

Why Was Ethereum Classic Created

In July 2015, the Ethereum project was launched. It was the first decentralized application platform based on blockchain technology. Ethereum allowed developers to create smart contracts and decentralized applications. In June 2016, a hacker exploited a flaw in the Ethereum code and stole $50 million worth of ether. The Ethereum Foundation, the organization that created […]

What Is Ethereum Forking

What is Ethereum forking? Ethereum forking is the process of creating a new blockchain from the old one, with most of the same properties but with some changes. Forks can be used to correct errors in the code, or to add new features. Why are forks necessary? Forks are necessary because they allow the community […]