What is 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.