What is Ethereum Classic?
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
ETC is a continuity of the original Ethereum blockchain and it was created from a fork when block height reached1,920,000. ETC share similar function with ETH. Application is operate in accordance with pre-defined protocol – there would be no halt, surveillance, faulty or interference by third party.
The split between ETH and ETC occurred after THE DAO incident where the project was raising fund and was unfortunately under attack in 2016 by hackers. Followers of ETC believes that the Ethereum blockchain should be immutable therefore it shouldn’t be altered even if malicious activities occurred. Yet ETH followers were of the belief that a man-made error such as a hack should be rectified as a one -off solution in order to do what is fair and logical. After the dispute, a hard fork occurred and the Ethereum network was split into two.
Similar to ETH, ETC can be used as “gas” or "fuel" on the Ethereum Classic platform, a decentralized platform that runs smart contracts.
Official Website: https://ethereumclassic.github.io/
Block Explorer: https://gastracker.io/
White papers: https://ethereumclassic.github.io/
Disclaimer: This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.
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