Ethereum Classic (ETC) is the original and unmodifi! version of the Ethereum blockchain. It was born in 2016 as a result of a fork that occurr! after the DAO (Decentraliz! Autonomous Organization) case of Ethereum.
In the DAO incident! a hacker exploit! the DAO’s vulnerability to steal $50 million worth of Ether. In response! Ethereum developers implement! a hard fork to reclaim the network and return the stolen funds. However! a group oppos! to this hard fork continu! to consider the original Ethereum chain and transactions on it as valid! creating Ethereum Classic.
ETC followers were strongly committ! to Ethereum’s decentralization principle. Developer interference was seen as a deviation from this ideal! and decentralization! loss of trust! and adherence to the DAO ideal were the main factors in the birth of Ethereum Classic.
Features of Ethereum Classic
Key Ethereum Classic features include:
It maintains the original and unalter! blockchain buy bulk sms service of Ethereum.
After separating from Ethereum! it began to follow an independent path.
What is the Purpose of ETC Coin?
Ethereum Classic ( ETC ) coin is the native
ryptocurrency of the Ethereum Classic blockchain and is critical to the operation of the platform. ETC coin is design! to perform various functions on the Ethereum Classic network.
First! ETC coin is us! to process transactions on the what are the advantages and disadvantages of etc coin? Ethereum Classic network. Users and developers use ETC coins to pay transaction fees. This ensures the operation be numbers of the network and verification of transactions. ETC coin is an important element that supports the basic operation of the Ethereum Classic platform.