Ethereum Classic | Trading Non Stop

What is ETC?

Ethereum Classic (ETC) is the original Ethereum blockchain that stays true to the principles of immutability and decentralization by using a Proof of Work consensus system. This approach allows for secure smart contracts and resists changes to its core protocol.

Immutable ledger – Keeps transaction history permanent and unchangeable, following the "Code is Law" principle.
Proof of Work foundation – Uses energy-intensive mining to secure the network and keep it decentralized.
Programmable digital gold – Combines Bitcoin’s limited supply with Ethereum’s smart contract features.

Deep Dive

1. Immutable Ledger

Ethereum Classic was created after Ethereum’s 2016 split, which happened because of the DAO hack. Unlike Ethereum, ETC chose not to reverse any transactions, preserving the idea that the blockchain should never be changed. This philosophy, called "Code is Law," means smart contracts run exactly as they are written, without any changes—even if there are bugs or hacks (CoinMarketCap). This makes ETC attractive to users who want a system where transactions can’t be censored or altered.

2. Proof of Work Consensus

While Ethereum moved to a Proof of Stake system, Ethereum Classic keeps using Proof of Work (PoW), the original method introduced by Bitcoin. In PoW, miners use computing power to confirm transactions, which makes attacks very costly. This system provides:

Decentralization: Anyone can join the network and help validate transactions.
Security: The real-world energy cost makes it hard for attackers to take control.
Neutrality: No single group controls which transactions get included (ETC Cooperative).

3. Fixed Supply & Programmability

Ethereum Classic combines the best of both worlds:

Limited supply: There will only ever be 210.7 million ETC coins, helping to prevent inflation.
EVM compatibility: ETC supports the Ethereum Virtual Machine, so developers can build decentralized apps (dApps) and decentralized finance (DeFi) projects using familiar tools.
Dual purpose: It works both as a secure store of value (like Bitcoin) and a platform for programmable contracts (like Ethereum) (0xToxo).

Conclusion

Ethereum Classic is a Proof of Work blockchain that prioritizes immutability and decentralization through mining. It offers a fixed supply cryptocurrency with smart contract capabilities. Its strict commitment to "Code is Law" raises important questions about how blockchains will evolve in a world with increasing regulations.