When was Ethereum Classic released?

Ethereum Classic Release Date

Ethereum Classic (ETC) was released on July 20, 2016.

The Origin of Ethereum Classic

Ethereum Classic originated from a fork of the Ethereum (ETH) blockchain. In June 2016, Ethereum’s smart contract platform The DAO was hacked, resulting in a large amount of ETH being stolen. To address this issue, the Ethereum community voted to perform a hard fork, creating a new blockchain that would return stolen ETH to victims.

However, not all Ethereum community members agreed to the hard fork, resulting in a small group of miners and users choosing to continue using the older blockchain, Ethereum Classic. Supporters of Ethereum Classic argue that the hard fork is a violation of the principle of immutability and that Ethereum Classic remains the “real” Ethereum.

The difference between Ethereum Classic and Ethereum

The main difference between Ethereum Classic and Ethereum is:

• No refund of DAO Stolen ETH: Ethereum Classic does not contain a hard fork to return DAO stolen ETH to victims.
• Less development activity: Ethereum Classic has less development activity compared to Ethereum, which results in fewer features and slower updates.
• Security Issues: With less development activity, Ethereum Classic may be exposed to more security vulnerabilities and may become a greater target for hackers.

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