Ethereum now has two separate blockchains. Most people have heard the news about the hard fork which was voted on to rescue the DAO attack. The hard fork is complete.
Now a group has continued without the hard fork and named it "Ethereum Classic."
They have very good reasons and hopefully other cryptocurrencies can learn from it. The hard fork might be compared to a government bailout. All it brings is regulation...of something that isn't supposed to be regulated.
The project coordinator of Ethereum Classic had this to say:
A blockchain is either neutral — censorship-resistant — or it’s not. A blockchain is either immutable – preserving one universally accepted version of history, one immutable sequence of events — or it’s not. It’s impossible to be “a little bit mutable by democratic process.” It’s impossible to be “censorship-resistant, until someone very important loses lots of investors money.”
It’s impossible to be “a little bit pregnant.”
Ethereum had an abortion. Maybe you agree it was the right decision this time but will it be next time?
And since Steem has been riding a somewhat inverse valuation to Ethereum, this should help our value in the long run. So I'd like to give a big thanks to Ethereum for killing their baby (metaphorically of course).
The full article and interview about rejecting the hard fork can be found here.