Summary

Ethereum Classic is an open-source, decentralized, blockchain-based distributed computing platform. Ethereum Classic is the unforked version of Ethereum. Following a vote the occurred in 2016 which decided that Ethereum would implement a fork in the code which would restore Ethereum back to owners who claim that theft had occurred. Some members of the Ethereum Community refused the fork and decided to use the unforked version of Ethereum, creating Ethereum Classic.

Team

The Ethereum Classic development team are an independent team of professionals in software development and engineering. They work full time on ETC projects, like the ETC client Classic Geth. They have also embarked on new projects to make it simpler for other teams to develop on ETC.

How Ethereum Classic Works

ETC can operate on a variety of operating systems like Linux, Windows, macOS, and POSIX.

Ethereum Classic provides a system of data manipulation rules called Turing complete, allowing developers to write code and develop new applications that are able to figure out reasonable computational problems through mining.

The Ethereum Classic system is incorporated with an internal pricing mechanism called Gas which efficiently allocates available resources and prevents the network from getting spammed.

Key Highlights

• Operate with a Hybrid Proof of Work and Proof of Stake model
• Development team with blockchain experience and embarking on new projects
• Ethereum Classic has less active users than Ethereum (ETH)