Ethereum Classic (ETC) is the continuation of the original Ethereum blockchain, which kept running unchanged after the DAO hack of 2016. When most Ethereum developers reversed the consequences of the hack through a hard fork in July 2016, a minority stayed with the old blockchain. That became Ethereum Classic: a smart contract network that is still secured by proof of work, has a fixed maximum supply of 210.7 million ETC and cuts the reward for miners by a fifth every five million blocks.
That makes ETC a special case for investors. The coin carries the name of the second-largest crypto network but works differently from Ethereum in key respects. On Sunday morning, November 15, one Ethereum Classic cost about €5.34, according to CoinGecko. Anyone looking to buy the coin will find ETC/euro pairs on several regulated trading venues. This profile explains its origins, technology, monetary policy and risks.
Ethereum Classic explained: the original Ethereum blockchain
Ethereum Classic is a public blockchain with its own cryptocurrency, ETC. Its first block, the genesis block, is the same as Ethereum's: July 30, 2015...
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