Ethereum Classic (ETC) is a digital cryptocurrency that emerged as a result of a split from the original Ethereum blockchain. The split occurred in 2016 following a controversial hard fork, which was intended to reverse the consequences of a significant hack. Ethereum Classic proponents disagreed with this approach and decided to continue on the original blockchain, resulting in the creation of Ethereum Classic.
Ethereum Classic retains the core principles of decentralization, immutability, and smart contract functionality that were established by the original Ethereum network. It operates on a decentralized platform that enables developers to build and deploy applications, as well as execute smart contracts. Similar to Ethereum, Ethereum Classic uses a cryptocurrency called Ether (ETC) as its native token, which can be used for various purposes within the network, including paying for transaction fees and accessing decentralized applications (DApps).
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