The world’s second largest cryptocurrency, Ethereum, has allowed for the creation of Smart Contracts, with several other AltCoins following suit. While you might hear terms like Smart Contracts, cryptocurrencies and Blockchain bandied about, it can be hard to make out the differences between all those buzzwords.
Anyone who has displayed an interest in Ethereum will no doubt have heard of Ethereum Classic. Some confusion is natural, but main thing to keep in mind is that Ethereum Classic (ETC) and Ethereum (ETH) are two different and distinct cryptocurrencies. As a result these two cryptocurrencies are distinct from one another, although they share a common ancestry. While they share a similar functionality and core ideas, the difference lies in how the Ethereum community handled the DAO (Decentralized Autonomous Organisation) hack and the resulting fork.