Ethereum Classic (ETC)

Ethereum Classic (ETC) is a cryptocurrency resulting from a disagreement in the Ethereum community regarding the DAO Hard Fork (block 1920000). Ethereum Classic is the originally intended Ethereum, on an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality.

The Ethereum community that disagreed with the fork on philosophical grounds and stood by the original idea of the Ethereum blockchain, had the Ethereum platform split into two versions. The Ethereum Classic coin (ETC), also called “classic ether”, is a continuation of the original Ethereum blockchain – the classic version preserving untampered history, and a new coin, now called by its originally intended name, Ethereum. Although different in name, the ETC coin’s utility is similar to ETH. Users who owned ETH tokens before the DAO hard fork also owned an equal amount of ETC coins after the fork.