Ethereum Classic’s native Ether token is a cryptocurrency traded on digital currency exchanges under the ticker symbol ETC. Ethereum Classic is an open source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Based on the principle of “Code is Law,” smart contracts are self-executing autonomous digital applications which are capable of running on their own as programmed. Ethereum Classic maintains the original, unaltered history of the Ethereum network. An alternative version of Ethereum whose blockchain does not include the DAO Hard-fork. Supports Turing-complete smart contracts. Ethereum Classic facilitates running such smart contracts by offering the benefit of decentralized governance. There is no necessity or possibility of any external interference, monitoring, manipulation, or censoring the working of such applications. Ethereum Classic provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine, which can execute scripts using an international network of public nodes. The virtual machine’s instruction set is Turing-complete in contrast to others like bitcoin script. Gas, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
Original author – Vitalik Buterin, Gavin Wood
Programming language of implementation – C++, Go, Python, Rust, Scala
Initial release – 30 July 2015
Development status – Active
Website – ethereumclassic.org