17 Nov Three Classic Coins That Attempt To Preserve Existing Cryptocurrency Features
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Cryptocurrencies undergo constant change, but sometimes, there is opposition. Can these three forks preserve each coin’s classic features?
It takes time to change a cryptocurrency. Usually, the community behind a coin must settle on new features. Then, miners and node operators must enact those changes by upgrading their software. However, not everyone needs to agree: individual factions can fork the blockchain and introduce their own set of changes.
Many forks aim to introduce new features to a cryptocurrency, but some aim to preserve existing features. The latter strategy has had mixed results: some classic forks have gained more support than others, and not all have been a success in terms of market performance. Here’s how three “classic” crypto forks have played out.
Ethereum Classic was created in 2016 following an attack on Ethereum’s DAO. This exploit could have cost the Ethereum ecosystem $70…
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