ETHvsETC

⚔️ The DAO Hack: Ethereum’s First Crisis

In June 2016, Ethereum faced its first existential threat when a decentralized investment fund called The DAO was hacked. The attacker exploited a smart contract bug to drain 3.6 million ETH, worth about $60 million at the time.

💥 The DAO was one of Ethereum’s earliest and largest experiments in decentralized governance. It had raised over 14% of all ETH in existence — and the hack shook the entire community.

🧠 The Ethereum developers proposed a controversial solution: a hard fork to reverse the attack and return the stolen funds. This led to a split in the community.

⛓️ The result? Two separate blockchains were born:
• Ethereum (ETH) – with the reversal
• Ethereum Classic (ETC) – keeping the original chain

📚 This event remains one of the most debated in crypto history and highlighted the tension between code immutability and community consensus.

🏷️ #TheDAOHack
#EthereumHistory
#ETHvsETC
#CryptoGovernance
#BlockchainDebate

Ethereum almost died in 2016 — and it split the blockchain into two chains.

In 2016, the project The DAO based on Ethereum raised $150 million.
A month later — a hack. The hacker took 3.6 million ETH (at that time ~$50 million).
The community was in panic. What to do?

👥 The community voted for a rollback of the blockchain and a return of funds.
But not everyone agreed —
Thus, Ethereum (ETH) and Ethereum Classic (ETC) were born.

⸻

📌 ETH is the result of the “restart”.
📌 ETC is the original, “untouched” chain.

⸻

💬 Interestingly, Vitalik Buterin was initially against the rollback, but still supported it for the future of the ecosystem.

⸻

⚠️ This case still causes debates:
What is more important — code as law or fairness and security?

⸻

💬 Would you rollback the blockchain to save funds? Or “code is code”?
👇 Share your opinion in the comments.

#Ethereum #ETHvsETC #EthereumNews
$ETH $ETC