do you know why $ETC even exists 🧐 The Origin of the Split: The DAO Hack It all started back in 2016 with the infamous DAO Hack. The DAO (Decentralized Autonomous Organization) was a smart contract on Ethereum, functioning like a venture fund. People could deposit ETH and vote on how investments were allocated. The Problem: A hacker exploited a vulnerability in the DAO's code and siphoned off 3.6 million ETH (worth about $50 million at the time). This shook the Ethereum community to its core. The Big Debate: What Should Be Done? The Ethereum community was divided on how to respond. Two camps emerged: 1. The "Code is law" camp: They believed the blockchain should remain immutable—what’s done is done. The hack shouldn't be undone. 2. The "Rollback" camp: This group supported a hard fork to recover the stolen funds, arguing the hack was unfair and damaging to the ecosystem. The Hard Fork Ultimately, the majority voted for a hard fork, which reversed the hack by moving the stolen ETH into a separate smart contract, where it could be reclaimed. This fork became the Ethereum we know today as Ethereum (ETH). The Birth of Ethereum Classic ($ETC) The "Code is law" camp refused to accept the hard fork and stuck with the original, unaltered blockchain, now known as Ethereum Classic ($ETC). Their philosophy was that the blockchain should be immutable, no matter what. The Key Differences Between $ETH and $ETC $ETH: The "mainstream" Ethereum, now focused on innovation with upgrades like the switch to Proof of Stake (the Merge) and scaling solutions. $ETC: The "ideological" Ethereum, staying true to the original Proof of Work (PoW) model and immutability. Wouldn´t mind an outperformance of ETC vs. ETH in the weeks to come