What was the most recent split in the digital currency industry?

3 answers

• Dec 19, 2021 · 3 years ago
  The most recent split in the digital currency industry happened in August 2021 when the Ethereum blockchain underwent a major upgrade known as the London hard fork. This upgrade introduced several improvements to the Ethereum network, including the implementation of the EIP-1559 proposal, which aimed to address the issue of high transaction fees. The split occurred because not all participants in the Ethereum community agreed on the changes, leading to the creation of a new blockchain called Ethereum Classic. Ethereum Classic continues to operate as a separate digital currency with its own community and development team.
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• Dec 19, 2021 · 3 years ago
  In the digital currency industry, splits occur when there is a disagreement among the participants regarding the future direction of a particular blockchain. These splits can happen due to differences in opinions on governance, technical upgrades, or even ideological reasons. The most recent split in the industry, the Ethereum London hard fork, highlights the decentralized nature of digital currencies, where multiple versions can coexist and cater to different communities and preferences.
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• Dec 19, 2021 · 3 years ago
  The most recent split in the digital currency industry was the Ethereum London hard fork, which took place in August 2021. This split resulted in the creation of Ethereum Classic, a separate blockchain that diverged from the main Ethereum network. The split was driven by disagreements within the Ethereum community regarding the implementation of the EIP-1559 proposal, which aimed to change the transaction fee structure. While Ethereum Classic continues to operate, the majority of users and developers have migrated to the upgraded Ethereum network, which has seen significant adoption and growth since the split.
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