Ethereum Classic is an open-source, decentralized computer platform that runs smart contracts. These are applications that run exactly as programmed without any possibility of fraud or third-party interference.
The Classic version of Ethereum is a continuation of the original Ethereum blockchain – the one that existed before theDAO hack in 2016. TheDAO was a decentralized autonomous organization built on top of the Ethereum platform that raised over $150 million in ether from investors.
However, theDAO was hacked and $50 million worth of ether was stolen.
The Ethereum community decided to hard fork the blockchain in order to refund the investors who lost their ether. This created two separate versions of Ethereum: Ethereum (ETH) and Ethereum Classic (ETC).
NOTE: WARNING: Ethereum Classic is an experimental cryptocurrency. You should not invest in Ethereum Classic unless you are prepared to take the risk of losing your entire investment. Investing in Ethereum Classic is highly speculative and involves significant risk. Be sure to do your research and consult with a qualified financial advisor before making any investments.
Ethereum Classic has continued to maintain the original vision of Ethereum as a decentralized platform that runs smart contracts. The team behind ETC believes that “code is law” and that immutable smart contracts should not be changed even if they are hacked.
The ETC community has been growing steadily since the hard fork. The price of ETC has also been on the rise, reaching a new all-time high in March 2021.
Despite its small size, Ethereum Classic is an important part of the cryptocurrency ecosystem. It is one of the few major projects that is not controlled by a single company or foundation.
This decentralization is key to its success and popularity.
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An Ethereum transaction is a transfer of value between two Ethereum addresses. Transactions are the most basic part of the Ethereum network. They are used to send and receive tokens, as well as to interact with smart contracts.
The Ethereum stock market is currently down 3.79% on the day. The market capitalization currently sits at $183.37 billion, and the circulating supply is at 111,313,377 ETH. The 24-hour trading volume is at $9.81 billion.
An Ethereum transaction is a transfer of value between two Ethereum addresses. Transactions are the most basic part of the Ethereum network. They are used to send, receive, or store value on the network.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is used to build decentralized applications (dapps) on its platform. A dapp is an application that is open source, decentralized, and has no central point of control.
The Ethereum Virtual Machine (EVM) is a Turing complete virtual machine that allows anyone to execute arbitrary EVM code. The EVM is the runtime environment for smart contracts in Ethereum. It is a 256-bit register machine, capable of running code of arbitrary size and complexity.
