In the early years, Ethereum suffered a hack and suffered huge losses. Vitalik Buterin proposed the idea of a hard fork. This split is a technological split. Two different concepts of competition determine two completely different development directions. With the support of core teams such as Vitalik Buterin, ETH has embarked on a path where the Ethereum Foundation makes and develops the core decision-making of the blockchain, and the community participates in it. ETC continues to insist that the blockchain records and contracts cannot be modified, and can only run the concept of irreversible smart contracts.
ETH is indeed better developed than ETC in its current form, but we cannot deny ETC entirely. This is the charm of the blockchain. The value and prospects of the project are based on consensus. Returning to ETH2.0, as the development progress continues, this consensus split will inevitably occur.
The shift from a PoW workload consensus mechanism to a CPos consensus mechanism can improve the efficiency of the entire Ethernet network and attract more participants. New ideas and new ideas will definitely be produced in this transformation process. As for whether the split will succeed, it is currently impossible to say. After all, the value source of the blockchain is the consensus of most people, and this consensus will be transformed into participation and hold up greater value.
In the early years, Ethereum suffered a hack and suffered huge losses. Vitalik Buterin proposed the idea of a hard fork. This split is a technological split. Two different concepts of competition determine two completely different development directions. With the support of core teams such as Vitalik Buterin, ETH has embarked on a path where the Ethereum Foundation makes and develops the core decision-making of the blockchain, and the community participates in it. ETC continues to insist that the blockchain records and contracts cannot be modified, and can only run the concept of irreversible smart contracts.
ETH is indeed better developed than ETC in its current form, but we cannot deny ETC entirely. This is the charm of the blockchain. The value and prospects of the project are based on consensus. Returning to ETH2.0, as the development progress continues, this consensus split will inevitably occur.
The shift from a PoW workload consensus mechanism to a CPos consensus mechanism can improve the efficiency of the entire Ethernet network and attract more participants. New ideas and new ideas will definitely be produced in this transformation process. As for whether the split will succeed, it is currently impossible to say. After all, the value source of the blockchain is the consensus of most people, and this consensus will be transformed into participation and hold up greater value.