The Fork
A lot changed for Etherium on June 16th. Basking in the glow of the success of their DAO (decentralized autonomous organization) crowdfunding project, plans were underway for the next steps in the exciting experiment. The optimism wasn’t long lived. An attack on the blockchain quickly revealed over $60 million USD in stolen funds. The attacker was quite blunt in their assessment on the matter. If open source software truly mattered, argued the attacker, they would let him/her keep the Ether because code vulnerabilities are considered fair game in some circles. Other circles didn’t agree, and a month later, a consensus was reached to hard fork the Etherium blockchain, reversing the attack.
Except this time not everyone agreed, and a large number of Etherium users committed to continuing on using the original fork. The ‘new’ currency is coined Ether Classic, and it could pose a very interesting problem for the Etherium establishment.
Our infographic breaks down the key facts and compares Etherium to Etherium Classic.
