What is Ethereum Classic?

Ethereum classic is also popular as ETC. It is a hard fork of Ethereum. The prime reason behind Launching this cryptocurrency is to introduce the concept of a smart contract network. The new Ethereum classic has the capacity to host as well as support DApps. Moreover, the Ethereum classic also has a native token that is popular as ETC.

Ethereum Classic has differentiate itself from ETH, with the two networks’ technical roadmap diverging further and further from each other with time.
Moreover, it first set out to preserve the integrity of the existing ETH blockchain after a significant hacking event led to the theft of 3.6 million ETH.

Unique features of Ethereum classic

The primary purpose of ETC is to safeguard the Ethereum blockchain’s platform without the artificial countering of DAO hack. Since the big launch of ETC, the participation and contribution of crypto users is increasing every day. Notable and famous investors like Barry Silbert invested in ETC because of its smooth and fast transactions.

The developers of ETC do not strive to turn the network into a profit centric entity. As crypto users pay transaction fees as with Ethereum, and miners collect them based on work done as per the proof-of-work (PoW) mining algorithm.

Unlike ETH, ETC has no plans to convert to a proof-of-stake (PoS) mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions.

Markets to deal

ETC is a significant factor in the market of cryptocurrency. It is entirely free to trade and exchange on a broad scale of significant exchanges.
As it is the second most popular cryptocurrency in this market, almost every popular and active crypto exchange is dealing in ETC regularly.
Some of the famous exchanges are Binance, OKEx, and Huobi Global.