What is Ethereum Classic?

Ethereum Classic is a decentralized blockchain platform that emerged as a result of a hard fork from the original Ethereum blockchain in 2016. The fork occurred following a contentious decision to reverse a hack through a system upgrade on the Ethereum blockchain. Ethereum Classic maintained the original blockchain, emphasizing principles of immutability and minimal intervention.

Key Features

• Decentralized Smart Contract Platform
• Immutability and Resistance to Modification
• Proof-of-Work (PoW) Consensus Mechanism
• Continued Development and Upgrades
• Open-Source Community-Driven Project

Use Cases

Ethereum Classic serves as a platform for the creation of decentralized applications and smart contracts. Its emphasis on immutability makes it suitable for applications where data integrity and transparency are critical.