Ethereum Classic is a forked currency that is hardly forked after 1,920,000 blocks in Ethereum. Its function is very similar to that of Ethereum. ETC adheres to the decentralization concept and supports the consensus mechanism for blockchain assurance. ETC firmly believes that once the blockchain begins to operate, its development direction will not be dominated by any central team, but will be determined by the consensus of the entire network personnel and the consensus of the entire network.
The Ethereum blockchain hard fork in July 2016 was designed to transfer the hacked The DAO funds to an account controlled by investors and let the old transaction records be forgotten by history. Most Ethereum developers are involved in this reversal, and exchanges, startups, and other members of the ecosystem are also involved. A few days later, the project returned to normal. But not everyone wants to forget the old transaction record. So a small group of miners continued to use the original blockchain as a protest, and they described the hard fork as a fundraising action for The DAO, an abandoned project. So Ethereum Classic (ETC) was born.
2. Basic Information
- Name: Ethereum Classic
- Abbreviation: ETC
- Developer: ETC Team
- Core Algorithm: Ethash
- Issue Date: 2015-11-01
- Total Supply: 210,000,000
- Consensus Mechanism PoW
- Currency Unit: ETC
3. Related Links
Official website: https://ethereumclassic.github.io/
Block explorer: https://www.reddit.com/r/EthereumClassic/
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