How to buy Ethereum Classic (ETC)
What is Ethereum Classic (ETC)
Ethereum Classic (ETC) is a cryptocurrency hard forked from the Ethereum blockchain. It was created after the 2016 DAO hack on the Ethereum network. The hard fork was performed to return the stolen funds to the original addresses.
Ethereum Classic is an open-source smart contract network that hosts and supports decentralized applications (DApps). It provides a permissionless way to manage digital assets without the need for third parties, such as banks and other institutions.
The ETC network uses a Proof of Work consensus mechanism and will not be moving to a Proof of Stake consensus in the future like ETH.