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Ethereum Classic

ETC

  • Layer1
  • Infra
  • PoW
Established Year
2016
Operating Status
Active
Ethereum Classic is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. It was originally known as Ethereum. After The DAO hack in 2016, the Ethereum blockchain split into two separate networks: the newer one inherited the name Ethereum and uses ETH or ether as its cryptocurrency, while the older one, known as Ethereum Classic, uses ETC.

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Frequently Asked Questions

What Is Ethereum Classic (ETC)?

Ethereum Classic (ETC) is a hard fork of [Ethereum](https://www.coinlive.com/coin/ethereum) (ETH) that launched in July 2016. Its main function is as a [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract) network, with the ability to host and support decentralized applications ([DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)). Its native token is ETC. Since its launch, Ethereum Classic has sought to [differentiate itself from Ethereum](https://coinmarketcap.com/alexandria/article/ethereum-vs-ethereum-classic), with the two networks’ technical roadmap diverging further and further from each other with time. Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.