Difference between revisions of "Ethereum Classic (ETC)"

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Revision as of 15:39, 7 July 2018

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Ethereum Classic (ETC)
Ethereum-classic.jpg
Twitter @Eth_Classic
LinkedIn Profile
Facebook ethereumclassic
Website https://ethereumclassic.org/
Blog https://ethereumclassic.org/blog/

Ethereum Classic (ETC) is an open-sourced blockchain-based platform and cryptocurrency that resulted from a fork on the Ethereum blockchain. It is a project focused on the continuation of the original Ethereum blockchain, which offers tools for developers to create smart contract and decentralized applications.[1]

Background

Ethereum Classic was created when the original Ethereum blockchain forked in 2016. The fork happened because of a hacker attack against an organization called the DAO (Decentralized Autonomous Organization), which was based on Ethereum's blockchain. The creators of ETC disagreed with the decision to modify Ethereum's original code as a result of the attack.[2]

In June 2018, the crypto market exchange Coinbase announced it would be adding Ethereum Classic to its trading platform. This makes ETC the fifth digital asset supported by Coinbase's platform. Ethereum Classic's price increased more than 20% as a result of the news.[3]

References