More About ETC
Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine, which can execute scripts using an international network of public nodes.
Block reward: 4 ETC
Hash function: Ethash
Ticker symbol: ETC
Initial release date: July 30, 2015
Timestamping scheme: Proof-of-work
Operating system: Clients available for Linux, Windows, macOS, POSIX
The cryptocurrency known as Ethereum Classic is a member of the “Ethereum” blockchain. The name “Ethereum Classic” is derived from the history of the cryptocurrency. It was originally created and distributed by a group of people called the Ethereum Gold Initiative, that was created with the intention of taking advantage of the equity in the value of Ethereum’s price in order to create their own cryptocurrency and then sell it later. It was later discovered that they had not been able to create this currency, and that they were not allowed to do so. It is uncertain if they will be allowed to do so in the future.
Even though this is an original Ethereum clone, it still has some differences from the original. These differences include the fact that the founder of the original Ethereum did not intend for the launch of this cryptocurrency to be successful. He did not go through the trouble of getting a good blockchain for it and instead went through a very slow and difficult process of trying to get the network to go live. It took him almost two years to get a good, stable network and this would have taken too long if he hadn’t had a good system to run the network on, which is what he did have.
So, although this might look like it is an imitation of the original Ethereum, there are a lot of differences in the design and the properties of the currency. It does have some similarities though, including the fact that it uses a certain method of exchange known as a “Proof of Stake”. Many people who are interested in making sure that they can build the infrastructure for the infrastructure of a new cryptocurrency are looking for a Proof of Stake method, and this is what makes it different from the original. However, it is also much slower than the original, so even though it may be similar, it does not really have much to do with the original cryptocurrency.