What is Ethereum Classic?

Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called “classic ether”, which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request.

The Ethereum platform has been forked into two versions: “Ethereum Classic” (ETC) and “Ethereum” (ETH). Prior to the fork, the token had been called Ethereum, and after the fork, the two tokens were called Ethereum (ETH) and Ethereum Classic (ETC). The old one that continued its existence (the subject of this article) changed its name to Ethereum Classic (ETC) and the new (forked) version is now called Ethereum (ETH). Ethereum Classic appeared as a result of disagreement with the Ethereum Foundation regarding The DAO Hard Fork. It united members of the Ethereum community who rejected the hard fork on philosophical grounds. Users that owned ETH before the DAO hard fork owns an equal amount of ETC after the fork.

Official Website:

Ethereum Classic

Ethereum Classic Introduction

Why invest in Ethereum Classic Benefits

Ethereum Classic tickers (used for trading in the market) : ETC

ETC calculator:

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Ethereum Classic Historic trend

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