Ethereum Classic (ETC)
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About ETC
Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that runs smart contracts and enables decentralized applications (dApps). Formed from the original Ethereum blockchain, Ethereum Classic preserves the original code and vision, prioritizing immutability and censorship resistance. ETC operates with a Proof of Work (PoW) consensus mechanism and is widely used for secure, transparent transactions. The Ethereum Classic ecosystem is committed to a secure and decentralized approach to blockchain technology. Explore live ETC prices, historical data, and market insights on our Ethereum Classic Markets page to stay updated on this resilient platform.
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Frequently Asked Questions about Ethereum Classic
What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is the original Ethereum blockchain, designed to run smart contracts and support decentralized applications. It is a decentralized, immutable blockchain that operates independently of Ethereum (ETH).
How did Ethereum Classic originate?
Ethereum Classic originated from a split in the Ethereum blockchain following the DAO hack in 2016. Those who prioritized immutability continued to support the original chain, which became Ethereum Classic (ETC).
What are the primary uses of ETC?
ETC is used to pay for transactions and computational services on the Ethereum Classic network, supporting decentralized applications and smart contracts with a focus on immutability and security.
How can I store Ethereum Classic securely?
ETC can be stored in hardware wallets like Ledger, as well as in secure software wallets such as Exodus and Trust Wallet, which provide reliable options for managing Ethereum Classic.
What makes Ethereum Classic unique?
Ethereum Classic is unique for its dedication to immutability and its commitment to preserving the original Ethereum code and vision. It maintains a Proof of Work consensus, prioritizing security and censorship resistance.
Is Ethereum Classic a good investment?
Ethereum Classic appeals to those interested in a secure, immutable blockchain. Investment in ETC, like all cryptocurrencies, should be based on personal research and risk assessment.
Can Ethereum Classic be used for smart contracts and dApps?
Yes, Ethereum Classic supports smart contracts and decentralized applications, allowing developers to build and deploy projects on its secure, decentralized blockchain.