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The role of Ethereum Classic (etc.) in the history of the blockchain
In the field of blockchain technology, small cryptocurrencies have attracted as much attention and controversy as Ethereum Classic (etc.). While his predecessor, Ethereum (ETH), played a key role in the formation of the decentralized world that we know today, etc. Traveling in importance is a testimony to the complexity and challenges related to the construction of the real blockchain.
Ethereum growth in importance
In 2015, the Ethereum (ETH) network was launched by Vitalik Buterin, co-founder of Ethereum. Ethereum’s first vision was the creation of a decentralized platform that would allow users to create and implement their own applications without relying on the central authorities. This concept has resonated both with programmers and investors, which leads to the rapid influx of new projects and initiatives.
Because more and more projects were built at the Ethereum summit, it has become clear that the basic architecture of the network was fragile and sensitive to scalability problems. In response, Buterin and his team implemented a hard fork in February 2016, which divided the Ethereum network into two distinct channels: Ethereum Classic (etc.) and Ethereum Enterprise Edition (EE). Hard Fork aimed to solve these scalability problems by creating a new consensus algorithm which would allow faster and more efficient transaction treatment.
ecosystem etc
Ethereum Classic was initially considered an alternative to Ethereum, with its own set of rules, intelligent contracts and decentralized applications. Although he did not obtain the same level of grip as Ethereum during the first, etc. He made a dedicated niche in the blockchain community.
One of the key factors that has contributed to success, etc. is a community of programmers and active support for colleagues. Unlike Ethereum, which has encountered criticism for lack of centralized management and decision -making, etc., has retained a decentralized approach to development, with most intelligent solidity contracts (the same programming language used by Ethereum).
In addition, concentration, etc. On scalability solutions has enabled him to attract programmers who are looking for other options to build evolutionary applications. The network has also played a key role in popularizing the use of web 3 standards and decentralized technologies.
Challenges and controversy
Despite his progress, etc., it was not without controversy. One of the main challenges in front of the network is the absence of a clear consensus mechanism. Unlike Ethereum, which uses proof of work (JED) or proof of table (POS), etc., is based on a combination of gauze and proof voting mechanisms.
This led to misunderstandings in the community in the distribution of resources and decision -making processes. Some have said that the absence of a clear consensus mechanism makes it difficult for programmers to create evolutionary applications, while others believe that this approach allows greater decentralization and autonomy.
Another important challenge he faces, etc. consists in relying on gas costs. As the popularity of the gas network increases, transactions related to transactions. This has aroused concerns about the sustainable development of the network, especially during the period of high demand or people.
Application
To summarize, Ethereum Classic (etc.) played a key role in training the blockchain landscape. From modest beginnings as an alternative to Ethereum to its current status as a dedicated niche for evolutionary applications, etc. He showed extraordinary immunity and adaptability.
Since the blockchain community evolves and matures, it is clear that etc will remain an important actor in this new world of decentralized calculations.