What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is the original version of the Ethereum platform before the Ethereum platform hardforked. In July 2016, the Ethereum foundation decided to fork the platform for some major updates and releases.
A significant portion of the Ethereum community did not agree with this hardfork and decided to continue to mine and use the original Ethereum blockchain. This original blockchain later became known as Ethereum Classic. The basics of the smart contract and gas system are the same as on Ethereum.
Real World Example
Ethereum Classic is built for the deployment of smart contracts. Smart Contracts could be applied to Ethereum Classic-based gambling sites, allowing anyone in the world to make a trustless bet against the house and against other players.
Ethereum Classic is, as the name suggests, the original version of Ethereum from which the current Ethereum forked.
Ethereum Classic Links
Click on the button below, to visit the official Ethereum Classic website:
Click on the button below, to buy Ethereum Classic today: