Georgiana

What are the different types of coins resulting from Ethereum forks (Ethereum hard forks), and how do I ask about it in English?

2023-06-01 23:30

Delmar

There are several types of coins that have resulted from Ethereum forks, also known as Ethereum hard forks. These include:

1. Ethereum Classic (ETC): This is a fork that resulted from the DAO hack in 2016, where a smart contract on the Ethereum network was exploited and around 3.6 million Ether were stolen. The community was divided on how to deal with the hack and the resulting loss of funds, leading to a hard fork that created Ethereum Classic.

2. Ethereum (ETH): This is the main Ethereum network that continued after the DAO hack. It has undergone several upgrades over the years, including the recent transition to Ethereum 2.0.

3. Ethereum Fog (ETF): This is a relatively small fork that occurred in 2017. It was intended to provide a more decentralized version of Ethereum, but it has not gained much traction.

4. Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV): These were two more recent forks that were widely considered to be scams, as they promised free coins to Ethereum holders but did not actually provide any value.

5. Other coins: There have been other forks of Ethereum in the past that have resulted in new coins, but these are less well-known and have not gained significant adoption.

Release time 2023 06 01

Peggy

Release time 2023 06 01

Just

Ethereum has experienced several hard forks in its history, which have resulted in the creation of different cryptocurrencies. Some of the notable ones are:

1. Ethereum Classic (ETC): As a result of a hack in 2016 that caused the DAO (Decentralized Autonomous Organization) to lose millions of dollars, the Ethereum community chose to roll back the transactions and recover the lost funds. However, a group of Ethereum users disagreed with this decision and continued to support the original blockchain. This resulted in a hard fork, and Ethereum Classic was born.

2. Ethereum Fog (ETF): This fork happened in late 2017 and aimed to improve the efficiency and speed of the Ethereum network. ETF implemented a new mining algorithm that made it easier for people to mine the cryptocurrency and reduced the overall transaction fees.

3. Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV): These two forks happened simultaneously in early 2019 and were accused of being scams. The projects promised to improve the Ethereum blockchain by implementing new features and giving free coins to existing Ethereum holders.

In summary, Ethereum has experienced several hard forks, resulting in the creation of Ethereum Classic, Ethereum Fog, Ethereum Nowa, and Ethereum Classic Vision. Each of these cryptocurrencies has its own unique features and specifications.

Release time 2023 06 01