What is Ethereum Classic? What are the characteristics of Ethereum Classic?

Ethereum Classic: A classic that inherits Ethereum

Ethereum Classic (ETC) is a decentralized digital currency that was launched from Ethereum in 2016. It is a hard fork of the Fang blockchain. Retaining the features of earlier versions of Ethereum, ETC focuses on maintaining stability and security. This makes ETC a much-discussed member of the digital currency field, and its blockchain technology and decentralized features are highly recognized. The development direction of ETC is different from that of Ethereum, and it focuses more on maintaining the integrity of the original blockchain

Features:

• Immutability: ETC’s blockchain cannot be changed. This means that once the transaction is confirmed, it cannot be reversed.
• Resistant to censorship: ETC is not controlled by any central agency, and all transactions are open and transparent.
• Programmability: ETC supports smart contracts, allowing developers to build decentralized applications on the blockchain.
• Miner friendly: ETC adopts a proof-of-work consensus mechanism, allowing miners to obtain rewards by solving complex mathematical problems.
• Community-driven: The development of ETC is driven by an active community whose members are committed to maintaining its decentralization and immutability.

Advantages:

• As a continuation of the early version of Ethereum, ETC has a strong technical foundation and developer community.
• The immutability of ETC makes it a reliable choice for storing value and settling transactions.
• ETC’s censorship resistance makes it immune to interference from governments or other authorities.
• ETC’s programmability provides developers with a platform to build innovative applications.
• The miner-friendliness of ETC attracts a large number of miners and enhances the security of the network.

Future Prospects:

As a stable and secure digital currency, ETC has shown outstanding performance in fields such as decentralized finance (DeFi) and non-fungible tokens (NFT). huge potential. As blockchain technology advances and matures, it is expected that ETC will further expand its application scope and gain wider recognition and adoption.

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