Ethereum vs Ethereum Classic — What Is the Difference?

They may share the name, but Ethereum and Ethereum Classic are different in many ways. Here’s a comparison of both chains. Key Takeaways: Ethereum Classic (ETC) is a blockchain-based, open-source, decentralized network used to build smart contracts and decentralized apps (dapps). Ethereum Classic was created after The DAO hack in 2016; it is the continuation of the original Ethereum platform built in 2015. The new hard-forked chain, named Ethereum (ETH), is maintained by the Ethereum Foundation. There are several key differences between Ethereum and Ethereum Classic, mainly regarding market value, mechanisms, and design philosophy. Ethereum might be the more popular choice, but both it and Ethereum Classic have their features and unique positioning that cater to specific needs and use cases in the market today.