Ethereum Classic is a crypto platform for developing open source applications. Ethereum Classic is a decentralized cryptocurrency, an offshoot of the existing Ethereum cryptocurrency, which is why classic ether has all the same technical characteristics (information). The platform produces Ether cryptocurrency, which makes it possible to develop own digital tokens on the Ethereum Classic blockchain.
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
The Ethereum Classic network assumes the usage of several digital wallets for storing virtual currency, subsequently mining Ether, buying or exchanging it, and making payments with Ethereum Classic coins. The choice of wallet depends only on the convenience for a particular user. ETC can supply security services for high-performance networks such as ETH. The Ethereum Classic digital currency will soon become one of the major altcoins. The emergence of Ethereum Classic was immediately supported by one of the largest cryptoexchanges Poloniex.
Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. We believe the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law.
This does not necessarily mean that code replaces existing laws, or that only code is law (there are many geographical jurisdictions), but it gives users the opportunity to enter into a new blockchain-based jurisdiction where agreements are governed by code.
By entering into contracts on Ethereum Classic, you can be certain that the network remains neutral. The outcome of transactions will be dictated by code you voluntarily interact with. Unless explicitly defined by the contract code, there are no reversals, no undos, no opt-outs.
Transactions are final, applications are unstoppable.
* Forex Rating accepts no liability for any errors in the Ethereum Classic Price or ETC Information. For the most recent information please visit the Ethereum Classic official site.
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