The DAO was a notable Ethereum-based project, functioning as a decentralized venture capital fund. Unfortunately, due to vulnerabilities in its smart contract code, $60M in ETH were siphoned from the protocol.
As a result, the blockchain split into two: the original chain, Ethereum Classic, and the new chain, which retained the Ethereum (ETH) name.
Ethereum Classic's adherence to the original Ethereum protocol means it does not incorporate the updates and changes made to the Ethereum blockchain post-fork. This stance has created distinct communities and philosophical underpinnings between ETC and ETH.Â
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