Ethereum Classic | Trading Non Stop

What is ETC?

Ethereum Classic (ETC) is the original Ethereum blockchain that stayed true to its core principles after a split in 2016. It focuses on keeping the blockchain unchangeable and decentralized. ETC combines smart contract capabilities with a limited supply and a security system similar to Bitcoin’s mining process.

Unchangeable Ledger – ETC keeps the original Ethereum blockchain intact after a major hack, following the idea that “Code is Law” and transactions shouldn’t be altered by people.
Proof of Work & Limited Supply – It uses energy-intensive mining like Bitcoin and has a fixed maximum supply of 210.7 million ETC to avoid inflation.
Smart Contract Platform – Supports decentralized applications (dApps) with strong security, though it doesn’t scale as well as newer blockchains.

Deep Dive

1. Origin: The DAO Fork and Philosophical Split

Ethereum Classic was created when the Ethereum community split over how to handle a $50 million hack in 2016. Ethereum (ETH) chose to reverse the hack by creating a new version of the blockchain, while ETC kept the original chain unchanged. This decision was based on the belief that blockchain transactions should never be changed, even to fix problems (CoinMarketCap).

2. Technology: Proof of Work and EVM Compatibility

ETC runs on the same Ethereum Virtual Machine (EVM) as ETH, which means it can run smart contracts and decentralized apps. However, ETC continues to use Proof of Work mining for security, which helps keep the network decentralized and resistant to censorship. Its supply is capped and decreases over time, similar to Bitcoin’s approach, unlike ETH which has a more flexible supply.

3. Governance: Minimal Changes, Maximum Security

ETC focuses on stability and avoids big changes to its protocol, such as Ethereum’s switch to Proof of Stake. This cautious approach reduces risks like bugs or centralization but also means ETC doesn’t grow or scale as quickly as some newer blockchains.

Conclusion

Ethereum Classic is designed for users who value a blockchain that is truly unchangeable, secured by Proof of Work, and has predictable token economics. While it’s less popular than Ethereum, ETC remains a strong option for projects that need censorship-resistant smart contracts. The big question is whether its strict focus on decentralization can keep up with newer, more scalable, and environmentally friendly blockchains.