Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of 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.
NOTE: WARNING: Ethereum Classic is not a hard fork of Ethereum. It is an independent blockchain that has been around since 2016 and has its own set of rules, protocols, and consensus mechanisms. Investing in Ethereum Classic carries risks just like any other cryptocurrency. Do your research before investing and be sure to understand the risks associated with it.
Ethereum Classic is a public, open-source, 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.
Is Ethereum Classic a Hard Fork? No, Ethereum Classic is not a hard fork.
5 Related Question Answers Found
When it comes to investing in cryptocurrency, there are a lot of options to choose from. One option is Ethereum Classic (ETC). Ethereum Classic is a fork of the original Ethereum blockchain.
When it comes to cryptocurrency, there are a lot of different options available. You have Bitcoin, Litecoin, Ethereum, and a whole host of others. But what about Ethereum Classic?
When it comes to Ethereum Classic, the question of whether or not it is a good stock to buy is a complicated one. On the one hand, the coin has seen a lot of success since it was first launched in 2016. In 2017, the coin’s value rose by more than 3,000%.
When Ethereum hard forked on July 20, 2016, it caused a stir in the cryptocurrency community. The fork was necessary to prevent a hacker from stealing $60 million worth of ether. But it also had the unintended consequence of creating two competing versions of Ethereum: Ethereum Classic (the original version of the blockchain) and Ethereum (the new version of the blockchain).
Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. 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.
