Alan Freedman -- The Computer Language Company - Computer Desktop Encyclopedia
Computer Desktop Encyclopedia
Longest-Running Tech Reference on the Planet

A CDE Definition

You'll love The Computer Desktop Encyclopedia (CDE) for Tech Term of the Day (TTOD)

LOOK UP ANOTHER TERM


Ethereum Classic

See Ethereum.



Ethereum

A smart contracts and electronic payment system introduced in 2015. Like Bitcoin, Ethereum is based on a blockchain-based distributed ledger; however, Ethereum's purpose is to provide a platform for third parties to develop decentralized applications that are secure and verifiable. People use the Ethereum code to create their own assets in the form of digital tokens, which can be fixed or fluctuate, and payments are made in Ether (ETH) digital currency. Bitcoin confirmations take minutes but Ethereum takes only seconds, and fees are based on "Gas," which is the amount of time spent validating the transactions.

Ethereum Classic (ETC)
Due to a hacking event that stole USD $50M in Ether from an Ethereum-based venture capital project known as "The DAO," Ethereum was split into Ethereum Hard Fork and Ethereum Classic in 2016. Ethereum Hard Fork (ETH) started with a revised blockchain and returned the stolen funds to the DAO token holders. Ethereum Classic (ETC) continued to use the old blockchain, and the two are not compatible. As of 2018, one ETH is considerably more valuable than one ETC. See Wei, proof of work algorithm, blockchain and Bitcoin.



Personal Use Only

Before/After Your Search Term
BeforeAfter
etalonEthereum Hard Fork
ETCEtherLoop
etchEthernet
etextEthernet adapter
etextbookEthernet address
ETFEthernet and TCP/IP
ETHEthernet bridge
etherEthernet cable
etherapyEthernet cables
EthereumEthernet card

Terms By Topic
Click any of the following categories for a list of fundamental terms.
Computer Words You Gotta KnowSystem design
Job categoriesUnix/Linux
Interesting stuffPersonal computers
InternetIndustrial Automation/Process Control
Communications & networkingAssociations/Standards organizations
HistoryDesktop publishing
Audio/VideoGraphics
MainframesSecurity
ProgrammingHealthcare IT
System design