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查看     | 回复 1 The birth process of ETC and NEO

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Ether Classics

Ethereum and Ether Classicsare typical hard forked cases. Dao plans to establish a crowdfunding platform based on Ethereum smart contracts, which was officially launched in May 2016. As of June of that year, the raised funds exceeded 160 million U.S. dollars, and The Dao was then exploited by hackers to use the vulnerability of smart contracts to transfer Ethercoin with a market value of 50 million U.S. dollars.

In order to save investors’ losses, the Ethereum community voted to change the Ethereum code, hoping to recover the funds. For this reason, Ethereum made a hard fork in 1920,000, and rolled back all of the Ethernet coins (including hackers). .

However, some people think that Ethereum’s practice violates the spirit of decentralized and irreconcilable blockchain, and insists on excavating the original chain to form two chains. One is the chain that cannot identify the rollback transaction. Ethereal, a chain that acknowledges rollback transactions — Ethereum. Each represents different community consensus and values. The person holding the ether on the fork will have both ETH and ETC behind the fork.

Neo

NEO project introduction

Introduction NEO, formerly known as the small ant, officially started the project in 2014 and opened it on Github in June 2015. NEO is a non-profit community-based blockchain project. It is a distributed network that uses blockchain technology and digital identities to digitize assets and uses smart contracts to automate digital assets and realize “smart economy”. That is, digital assets + digital identities + smart contracts = smart economy.

Background In today’s society where the smart economy is developing rapidly, there has been an increasingly low level of cooperation and trust between people, a lot of information is not open and transparent, and the virtual blockchain world feels like our real life or assets. Issues such as non-relationships are increasingly salient. If the real economy and the digital economy can be seamlessly connected, all assets can flow freely without friction. If there is no trust between people, any value exchange and economic activity can be achieved. If the governance rules of society and organizations are open and transparent and the implementation of rules is fair and equitable, this will be a beautiful new world.

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