How Bitcoin Fuels the Dark Web

The video explores Ethereum Classic, a cryptocurrency that emerged from a hard fork of the Ethereum blockchain following the DAO hack in 2016. It discusses the philosophical differences between Ethereum and Ethereum Classic, focusing on the 'code is law' principle. The video also covers the current status of both cryptocurrencies, their market positions, and future prospects. It concludes with a disclaimer about the content not being financial advice.

What is a key feature of Ethereum Classic that is also present in Ethereum?

• Proof of Stake

• Fixed Supply

• Centralized Control

• Smart Contracts

What was the primary purpose of the DAO on the Ethereum network?

• To mine new Ether

• To fund future DApps

• To create a new cryptocurrency

• To centralize decision-making

What was the consequence of the loophole found in the DAO's smart contract?

• Creation of a new cryptocurrency

• Loss of 50 million Ether

• Increase in Ether's value

• Improved security measures

What philosophical belief led some community members to support Ethereum Classic?

• Code should be mutable

• Security over transparency

• Code is law

• Decentralization is unnecessary

Why did the Ethereum community decide to implement a hard fork?

• To increase transaction speed

• To create a new blockchain

• To recover stolen funds

• To reduce transaction fees

What is a significant difference in the monetary policy of Ethereum Classic compared to Ethereum?

• Ethereum Classic is centralized

• Ethereum Classic has unlimited token emission

• Ethereum Classic has a fixed cap on coins

• Ethereum Classic uses Proof of Stake

Which cryptocurrency has a larger number of corporate partners?

• Ethereum

• Bitcoin

• Litecoin

• Ethereum Classic