Assets, Ethereum

What Does Ethereum Classic Do?

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 an unregulated cryptocurrency. Investing in cryptocurrencies, including Ethereum Classic, carries a high degree of risk and investors should be prepared to lose their entire investment. Cryptocurrencies are highly volatile and may be subject to significant price fluctuations, hacking, or other malicious activities. Cryptocurrencies may also be used for illegal activities such as money laundering and tax evasion. Before investing in any cryptocurrency, it is important to understand the risks involved and consult with a qualified financial advisor.

Ethereum Classic provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.

Classic is also a fork of Ethereum that maintains the original value proposition of Ethereum as a decentralized platform that runs smart contracts, allows for DAOs and Dapps, and resists censorship. The Ethereum Classic team believes in immutability, transparency, and decentralization above all else.

What does Ethereum Classic do? In short, it runs smart contracts and allows for DAOs and Dapps while resisting censorship.

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