Title: What is Ethereum Classic (
$ETC ) and How is it Different? 🍀
Hello Binance Square community! We all know Ethereum (
$ETH ), but today let's take a quick look at Ethereum Classic (
#ETC )—the original, unchanged Ethereum blockchain.
1. What is Ethereum Classic?
Ethereum Classic is the result of a hard fork on the original Ethereum network in 2016. While ETH moved forward with network changes,
#ETC stayed true to the original philosophy: "Code is Law."
2. Key Features of
$ETC Proof of Work (PoW): While Ethereum switched to Proof of Stake (PoS),
#ETC continues to use Proof of Work mining, making it popular among crypto miners.
Immutability: The transactions on the
#ETC chain can never be changed, altered, or reversed by anyone.
Fixed Supply: Unlike ETH, Ethereum Classic has a capped maximum supply of around 210.7 million coins, giving it a scarce structure similar to Bitcoin.
Conclusion:
ETC represents the original vision of smart contracts and decentralized applications. It remains a key coin to watch for those interested in Proof-of-Work projects.
Are you holding ETC or mining it? Share your thoughts below! 👇
#BinanceSquare