Ethereum Classic

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that occured in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). 

Its native token is ETC. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. 

Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic has a capped supply of 210.7 million ETC. 

Ethereum Classic has a history of being susceptible to 51% attacks. This is when a group of malicious miners who control a majority of the network’s mining hashrate alter transaction history in an effort to execute double spends. 