Ethereum Classic (ETC): All About the Original, Uncensored Blockchain
Discover everything you need to know about Ethereum Classic (ETC), the blockchain that remains true to the original vision of Ethereum. Learn about its history, technology, and the community that supports it.
What is Ethereum Classic (ETC)?
Ethereum Classic is a blockchain-based distributed computing platform that offers smart contract (scripting) functionality. It is open source and supports a modified version of Nakamoto consensus via transaction-based state transitions executed on a public Ethereum Virtual Machine (EVM). Ethereum Classic maintains the original, unaltered history of the Ethereum network following a controversial hard fork. Originally, Ethereum Classic was developed by Vitalik Buterin and his colleagues as software allowing developers to create new decentralized applications.
The History of Ethereum Classic: A Fork in the Road
Ethereum Classic (ETC) is a cryptocurrency network that emerged as a result of a fork in 2016 of the original Ethereum network, following a hack on a decentralized autonomous organization (DAO). The ETC chain represents the original, uncensored Ethereum history, prioritizing immutability and code-is-law principles.
Ethereum Classic (ETC) Price Today
The Ethereum Classic precio de hoy es el $17.38 USD con un volumen de comercio de 24 horas de $112,728,953.27 USD. We update our price of ETC to USD in real time. As of two days ago, ETC is the native crypto of Ethereum Classic, a Layer 1 blockchain that preserves the original Ethereum codebase and principles. Operating under a Proof-of-Work mechanism.
Key Features and Benefits of Ethereum Classic
- Immutability: Ethereum Classic prioritizes the unchanging nature of the blockchain, ensuring transactions and smart contracts are permanent.
- Proof-of-Work: ETC continues to utilize a Proof-of-Work consensus mechanism, maintaining a decentralized and secure network.
- Smart Contracts: Develop and deploy decentralized applications using Ethereum Classic's smart contract functionality.
- Decentralization: ETC is committed to maintaining a truly decentralized platform, free from censorship and single points of control.
- Original Ethereum Vision: Ethereum Classic adheres to the core principles of the original Ethereum project.
Is Ethereum Classic Right for You?
If you value immutability, decentralization, and the original vision of Ethereum, Ethereum Classic may be a cryptocurrency worth exploring. Do your research and understand the risks involved before investing.