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A blockchain platform focused on immutable smart contracts.
Ethereum Classic (ETC) remains a stalwart advocate in the blockchain community for immutable ledgers and smart contract authenticity. Born from the fracturing of the original Ethereum due to the DAO hack incident in 2016, Ethereum Classic embodies principles some Ethereum users felt were compromised by Ethereum's subsequent actions. The split was rooted in opposing views on blockchain's immutability—while Ethereum opted for reversing the hacked transactions, Ethereum Classic opted to preserve the original structure, thereby espousing the 'Code is Law' philosophy. This philosophical choice has informed its continued operation since then, standing firmly against modifications prompted by external interventions or governance decisions that might otherwise override contract codes or transactions once instantiated on the blockchain. This foundational belief informs its stance on network and user operations, focusing on providing a platform for robust, decentralized applications free from censorship or meddlings.
Technically, Ethereum Classic maintains a proof-of-work consensus mechanism, relying on a distributed network of miners for security, rather than transitioning to proof-of-stak...
Ethereum Classic (ETC) remains a stalwart advocate in the blockchain community for immutable ledgers and smart contract authenticity. Born from the fracturing of the original Ethereum due to the DAO hack incident in 2016, Ethereum Classic embodies principles some Ethereum users felt were compromised by Ethereum's subsequent actions. The split was rooted in opposing views on blockchain's immutability—while Ethereum opted for reversing the hacked transactions, Ethereum Classic opted to preserve the original structure, thereby espousing the 'Code is Law' philosophy. This philosophical choice has informed its continued operation since then, standing firmly against modifications prompted by external interventions or governance decisions that might otherwise override contract codes or transactions once instantiated on the blockchain. This foundational belief informs its stance on network and user operations, focusing on providing a platform for robust, decentralized applications free from censorship or meddlings.
Technically, Ethereum Classic maintains a proof-of-work consensus mechanism, relying on a distributed network of miners for security, rather than transitioning to proof-of-stake like Ethereum. It emphasizes the principles evidenced in Bitcoin's architecture, sharing ideological affinity with Bitcoin's emphasis on decentralization and user-controlled applications. This approach underscores its philosophy of preserving the autonomy of its blockchain to operate as originally coded. Despite facing formidable challenges, such as multiple 51% attacks, Ethereum Classic has persisted, maintaining operational resilience and stability as a smart contracts platform. As it seeks to bolster its position within the Web3 ecosystem, Ethereum Classic is targeted by stakeholders who prioritize an unambiguous and unyielding principle on blockchain integrity. The ETC token governs and operates within this decentralized system, maintaining the network and rewarding its mining community.
Ethereum Classic (ETC) is a decentralized platform stemming from the original Ethereum blockchain. It emerged following a hard fork after the DAO hack in 2016, preserving the original Ethereum ethos of immutability. The platform enables smart contract execution and DApp development without downtime, fraud, or third-party interference, under the principle of 'Code is Law.' ETC is the native cryptocurrency used to facilitate transactions and computation on the network.
Developers benefit from Ethereum Classic by leveraging its stable and secure blockchain to build decentralized applications (DApps) and smart contracts. ETC offers a decentralized governance model with a strong emphasis on security and resilience. Its commitment to immutability ensures that applications run as programmed without external interference. Additionally, ETC's compatibility with Ethereum allows for easy porting of applications between the two platforms.
Ethereum Classic distinguishes itself from Ethereum by maintaining the original codebase post-DAO hack, adhering to the belief that the blockchain ledger should remain unchangeable. While both support smart contracts and DApps, Ethereum Classic does not support alterations or forks to the ledger, positioning itself as a purist alternative to Ethereum's evolving network. Additionally, ETC uses Proof-of-Work (PoW) consensus like ETH but has a focus on upholding traditional blockchain principles.
Ethereum Classic's focus on immutability is significant as it upholds the foundational blockchain principle where transactions and smart contracts are final and cannot be altered. This 'Code is Law' approach ensures that the ledger remains an unchangeable historical record, providing a distinct appeals to users and developers valuing security and the original decentralized vision of blockchain technology. It serves as a trusted environment for applications that prioritize trust and permanence.
Users can participate in the Ethereum Classic network by acquiring ETC, the platform's native cryptocurrency, on various exchanges. ETC is crucial for compensating nodes and facilitating transactions. Additionally, users can engage in mining ETC, contributing computational resources to secure the network. Moreover, developers can use the platform to develop and deploy smart contracts and DApps, taking advantage of its stability and security focus.
Wrapped ETC (WETC) is a tokenized version of Ethereum Classic (ETC) designed to be compatible with various decentralized finance (DeFi) applications. It enables ETC holders to participate in the DeFi ecosystem by providing a way to use their assets in DApp markets, lending platforms, and other DeFi protocols. WETC expands the use cases for ETC by facilitating interoperability with DeFi applications, enhancing the asset's utility in the growing DeFi space.
The ETC Cooperative supports Ethereum Classic's growth, focusing on development, community engagement, and improving its secure, scalable technology for broader adoption.
Incubator and support hub for Ethereum Classic development.
Join ETC is a DeFi platform on Ethereum Classic, offering secure yield farming, staking, and liquidity services with a focus on affordability and user accessibility.
ETC DEV developed core projects for Ethereum Classic, focusing on infrastructure and the Classic Geth client to enhance the ETC ecosystem, emphasizing decentralization, and security. Disbanded due to funding issues.
The ETC Summit focuses on the development, technology, and ecosystem of Ethereum Classic, connecting developers, investors, and enthusiasts to discuss ETC's future and innovations.
ETCPOW is a core ERC20 token on the Ethereum Classic network, enhancing security and decentralization through network participation rewards. Launched in April 2023, it offers staking, DEX integration, and governance features.
Wrapped ETC (WETC) enhances the utility of Ethereum Classic by providing an ERC20 version of the ETC asset, enabling seamless integration with DeFi protocols.
ETC Block Explorer, Ethereum Classic BlockChain...
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ETCswap V2 is a DEX on Ethereum Classic enabling automated token swaps with liquidity provision and yield farming.
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