About Ethereum Classic
Ethereum Classic is a decentralized computing platform that executes smart contracts. Applications are ran exactly as programmed without the possibility of censorship, downtime, or third-party interference. Ethereum Classic is a distributed network consisting of a blockchain ledger, native cryptocurrency (ETC) and robust ecosystem of on-chain applications and services.
Ethereum Classic provides a permissionless way to manage digital assets without the need for intermediaries, such as banks and other institutions. The allows uncensorable smart contracts to be written, deployed and executed; ETC enables truly unstoppable programmable money..
Ethereum Classic Cryptocurrency is the continuation of the unaltered history of the original Ethereum chain. The ETC network exists to preserve the principle of “Code is Law”. To learn more about formative history and ETC’s promising future, check out the project’s roadmap.
FTX Token Key Points
|Coin Name||Ethereum Classic|
|Circulating Supply||116,313,299 ETC|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To Visit|
|Twitter Page||Click Here To Visit Twitter Group|
|Documentation||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Ethereum Classic Cryptocurrency is one of the purest decentralized projects in the cryptocurrency space. To understand the technical merits of ETC and how the project is positioning itself for the decentralized future, you’ll need to understand the origin story. Whether you’re a developer, investor, journalist, or market researcher, the best place to learn about is the Knowledge Base.
How Ethereum Classic was created?
During the course of the hard fork to recover from THE DAO’s incident, some developers felt that Ethereum was becoming “centralized.” In an effort to remain decentralized, Ethereum Classic split off from Ethereum. Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack.
They operate with a vibrant ecosystem of individuals and groups who maintain many different kinds of applications. This section highlights some of the various participants on the Ethereum Classic network. If you have a project that utilizes the network, you can suggest an addition to this section by creating an issue on github.
Ethereum Classic Cryptocurrency native currency ETC is one of the most widely available cryptocurrencies. Here is a non-exhaustive list of marketplaces and exchanges where you can source ETC to add to your crypto portfolio.
Once you acquire ETC, it’s a good idea to move it off-exchange and store it in a wallet that you control. This page contains a selection of wallets that support.
There is NO OFFICIAL ANYTHING. This is an open-source, decentralized project with a global permissionless ecosystem. The history is checkered with attempts at social attacks on the Ethereum Classic network and it’s assets or commons (e.g.; code repository, website, brand, network history).
They see similar social engineering in the Bitcoin ecosystem. It’s a negative externality that comes with a truly decentralized project. As there are no official channels, you’ll notice has a variety of different channels to discuss everything related to ETC. These channels are maintained by ETC participants and usually focus on a specific region or topic. Search the list and join the Ethereum Classic social channels that interest you!
What Makes Ethereum Classic Unique?
Ethereum Classic’s main aim is to preserve the blockchain as it originally was, without artificially countering the DAO hack.
Its appeal was first to those who disagreed with response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, CEO of investment firm Grayscale.
As a voluntary organization, the developers of ETC do not aim to turn the network into a for-profit entity. Users pay transaction fees as with, and miners collect them based on work done as per the proof-of-work (PoW) mining algorithm.
Unlike Ethereum, has no plans to convert to a proof-of-stake (PoS) mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions.
How Is the Ethereum Classic Network Secured?
The Ethereum Classic network is secured using proof-of-work, but as a minority chain, it has suffered regular attacks itself. These include several 51% attacks to gain control of mining hash rate and execute spurious transactions and double-spend coins, the most recent of which occurred in August 2020.