Ethereum Classic

Usman Sheikh

Ethereum Classic (ETC) is a cryptocurrency that is based on the Ethereum blockchain.

It was created in 2016 as a result of a hard fork in the Ethereum network.

The hard fork was in response to the hack of the decentralized autonomous organization (DAO), which resulted in the loss of millions of dollars in Ether.

Ethereum Classic operates on a decentralized, open-source platform, allowing users to build and deploy decentralized applications.

ETC uses a proof-of-work (PoW) consensus algorithm for mining, similar to Bitcoin.

ETC is notable for its strong commitment to maintaining its original blockchain, unlike Ethereum which changed its consensus mechanism to proof-of-stake (PoS).

ETC has its own distinct set of supporters who believe in the principles of immutability and censorship-resistance in a blockchain.

It is traded on many cryptocurrency exchanges and is listed among the top 50 cryptocurrencies by market capitalization.

ETC has a growing ecosystem of developers building decentralized applications, tools and services on its platform.

Some of the popular decentralized applications built on Ethereum Classic include the Classic Ether Wallet, TokenBridge and LedgerConnect.

ETC also has partnerships with other blockchain projects and organizations, such as Evercoin, MEW, and ChainSafe Systems.