Assets, Ethereum

What Is Ethereum Classic Coin?

Ethereum Classic is a fork of the Ethereum blockchain. It came about as a result of a hard fork following the DAO hack in 2016. The hard fork split the Ethereum community, with some supporting the fork and others against it.

The fork resulted in two separate blockchains: Ethereum Classic (ETC) and Ethereum (ETH). Both blockchains are identical up until the point of the fork.

Ethereum Classic has a smaller community and less development activity than Ethereum. However, it has maintained its own blockchain and currency (ETC).

It is different from Ethereum in that it does not support the DAO hard fork and does not have built-in smart contract functionality.

NOTE: WARNING: Ethereum Classic Coin is a cryptocurrency that has been created as a result of a hard fork of the original Ethereum blockchain. It is important to note that Ethereum Classic Coin is not the same as Ethereum and has different technology and different applications. Investing in cryptocurrencies carries a high level of risk and may not be suitable for all investors. It is highly recommended that you research the technology, its risks, and any potential applications before investing in Ethereum Classic Coin.

What is Ethereum Classic Coin?

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.

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.

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