Assets, Ethereum

What Is Ethereum Classic Address?

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.

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.

NOTE: WARNING: Ethereum Classic addresses are not the same as Ethereum addresses. They have a different format and cannot be used interchangeably. Be sure to use the correct address type when sending or receiving funds. Failure to do so could result in funds being sent to an incorrect address or lost entirely.

Ethereum Classic also offers a token called “Classic Ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

The native cryptocurrency of the Ethereum Classic platform is called “Classic Ether”, which is abbreviated as “ETC”. The total supply of ETC is capped at 210 million ETC.

Ethereum Classic addresses are unique strings of numbers and letters (both lowercase and uppercase) that are used to identify where ETC should be sent. They look like this: 0x7f9e11a2d8b132364d9db08f6a267eafd33e6ecf.

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