Ethereum Classic (ETC)
The original Ethereum blockchain that refused to change history.
Ethereum Classic (ETC) was born in 2016 following a split in the Ethereum community after the infamous DAO hack.
It preserves the principle of immutability - "code is law" - maintaining the original chain without reversing transactions.
It remains a decentralized smart contract platform focused on transparency, open governance, and resistance to censorship.
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Project Overview
Ethereum Classic continues to operate as a proof-of-work blockchain, running smart contracts and decentralized applications like its successor, Ethereum.
It focuses on preserving the integrity of the blockchain without intervention, ensuring that all transactions remain permanent and verifiable.
Despite its smaller ecosystem compared to Ethereum, ETC maintains a loyal community dedicated to decentralization and security.
Key Insights
Ethereum Classic embodies the foundational philosophy of blockchain - immutability and independence from centralized control. The split from Ethereum in 2016 created two chains: Ethereum (ETH) and Ethereum Classic (ETC), each following a different vision.
ETC retains the proof-of-work consensus mechanism similar to Bitcoin, ensuring a secure and censorship-resistant network. Its developers continue to improve compatibility with Ethereum while maintaining its unique identity.
Over time, Ethereum Classic has proven its resilience, surviving multiple attacks and continuing to attract miners and developers seeking true decentralization.
Common Questions About Ethereum Classic
1. What is Ethereum Classic?
It's the original Ethereum blockchain that refused to roll back transactions after the DAO hack.
2. How is it different from Ethereum?
ETC kept proof-of-work, while Ethereum transitioned to proof-of-stake.
3. Can I use Ethereum smart contracts on ETC?
Yes, it's EVM-compatible and supports Solidity-based applications.
4. Is ETC still mined?
Yes, miners continue to secure the network using GPU hardware.
5. Is Ethereum Classic safe?
It's considered secure, though smaller than Ethereum in terms of hashrate.
Market Context
Ethereum Classic represents the ideological side of crypto - favoring immutability and decentralization over convenience and governance changes.
It remains a valuable chain for developers seeking to build dApps on a proof-of-work network compatible with Ethereum tools.