Overview of Ethereum Classic (ETC)
Ethereum Classic (ETC) is a decentralized blockchain platform that emerged from the original Ethereum network after a controversial hard fork in 2016. It maintains Ethereum's original vision of immutability and "code is law" principles, serving as a smart contract ecosystem with a proof-of-work consensus mechanism.
Core Features
- Smart Contracts: Executes programmable agreements without intermediaries.
- Decentralization: Operates on a globally distributed node network.
- ETC Token: Native cryptocurrency used for transactions and gas fees.
- Immutable Ledger: Transactions cannot be altered or censored post-execution.
Latest Developments (2021 Highlights)
1. Wrapped ETC (wETC) Launch
- Date: December 28, 2021
- Developer: HebeBlock
- Purpose: Enables ETC to be used in decentralized finance (DeFi) ecosystems by wrapping it in an ERC-20 compatible token.
👉 Explore wrapped ETC applications
2. ETCPunks NFT Project
- Date: September 21, 2021
- Details: A non-fungible token (NFT) collection inspired by CryptoPunks, built exclusively on the ETC blockchain.
Frequently Asked Questions (FAQs)
Q1: What distinguishes Ethereum Classic from Ethereum (ETH)?
A: ETC preserves the original Ethereum chain without reversing transactions, emphasizing blockchain immutability. ETH implemented a hard fork to reverse a major hack.
Q2: How can I participate in ETC mining?
A: Mine ETC using GPUs or ASICs with Ethash-compatible hardware. Join mining pools like 2Miners or Ethermine for consistent rewards.
Q3: Is Ethereum Classic a good investment?
A: While ETC offers technological value, always conduct independent research. Cryptocurrency investments carry high volatility risks.
Why Choose Ethereum Classic?
- Censorship Resistance: Transactions cannot be altered by any entity.
- Proven Security: Over 7 years of uninterrupted blockchain operation.
- Community-Driven: Development guided by decentralized governance models.
👉 Discover ETC's unique value proposition
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