Ethereum Classic (ETC)
- Official Website: ethereumclassic.org
- Definition: Ethereum Classic is the original Ethereum blockchain that remained after the DAO hack and subsequent fork.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A decentralized platform for smart contracts and dApps, adhering to the principle of “code is law.”
- Function: Supports decentralized applications and smart contracts.
- Analogy: Think of Ethereum Classic as a historical artifact. It’s the original version of Ethereum, preserved for its principles.
- Pros: Strong principles, decentralized, secure.
- Cons: Smaller ecosystem, competition from Ethereum.
- Controversies: Association with the DAO hack, declining relevance.
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This page was last updated on January 28, 2025.
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