hand stamped jewelry wholesale What does the hard fork in the blockchain mean?

indian 22k gold jewelry wholesale Ether Classic (ETC) Jane History
The Ether Classic begins with an unfortunate event.
In May 2016, the decentralized Autonomous Organization (DAO) held a token sales at a target of establishing a blockchain -based venture capital to fund the future decentralized application (DAPPS) in the Ethereum ecosystem (DAPPS) Essence
Basically, DAO is a complex smart contract operating by decentralized way -computer code that automatically perform tasks between multiple parties when conditions are met.
, despite its ambitious goals and successful token sales, DAO's code has a major loophole that allows attackers to steal ETH from decentralized organizations.
The attacker's use of this vulnerability in June 2016 triggered the infamous DAO hacker incident, maliciously stealing about $ 50 million in ETH.
Needless to doubt that the DAO hacker incident shocked the Ethereum community and also caused ETH prices to fall from $ 20 to $ 13.
Is after the DAO hacker incident, the Ethereum community had to choose from three options.
did not do anything, and strive to bear the consequences of attack;
to start the soft fork and recover the funds;
to deploy a hard fork to restore the lost ETH.
The soft fork and hard fork are major network upgrades. However, the soft fork allows unlimited users to communicate with each other after upgraded, while hard forks cannot be compatible with the previous versions.
Meads that the deployment of a soft fork will cause the network to be attacked by a distributed rejection service (DDOS), the Ethereum community decides to launch a hard fork to restore the funds lost in the DAO hacking attack.
Although this plan is supported by most people, a small number of people in the Ethereum community expressed opposition. They believe that "code is the law", and the blockchain network should be unchanged.
Feed a solution to the solution, eventually led to the division of the Ethereum blockchain.
The people who tried to retrieve the loss chose a hard fork, opened the Ethereum (ETH) blockchain we are familiar with today, while another group stays at the original Ethereum classic (ETC) chain superior.
What problems did the classic classic?
The classic (ETC) is a blockchain platform that allows developers to deploy smart contracts and DAPPS.
Although this feature is the same as the function of Ethereum (ETH), there are two main differences between the ETC blockchain.
First of all, the Ethereum Classic community opposes tampering with distributed ledger and supports the view that the blockchain network should not be modified. "
Secondly, although the total supply of ETH does not have a hard upper limit, the Ether Classic uses the monetary policy that uses constant supply, which allows up to 230 million ETCs.
A as a bonus, Ether Classic launched the Atlantis hard fork last year to increase the interaction with Ethereum and increase the privacy protection of transactions through ZK-Snarks.
The trading platform recommended by Ether Classic ETC: Huobi, OKEX, AAX, etc.

wholesale name brand jewelry ETC is the abbreviation of Ethereum Classic. Ethereum has two chains on the 192000 block height, which is called Eth Chain and ETH Classic Chain. The token above is called ETH and ETC. ETC can be traded in China currency. The code rules and characteristics of the original Ethereum are retained. A group of developers who insist on the core value of the blockchain form Ethereum Classic and issue an independent cryptocurrency ETC. As a complete currency, it has attracted a group of people who missed investment opportunities before; and similar to the original Ethereum are also a way to adhere to the Ethereum model.
Stime speaking, a hard fork is generated when the block is upgraded