Log in
Sign up
Welcome to HTX
More surprises await you after logging in!
Sign up
Log in
My Assets
My Orders
Message
My Fee Rates
My Rewards
My Referrals
Security
Fiat Settings
Sub-Account Management
API Management
Broker Dashboard
Log out
50640**
02/11 18:38
What is Ethereum Classic and how does it work for beginners?
Ethereum Classic is a decentralized blockchain platform that emerged from a split in the original Ethereum network. It operates on smart contracts and enables developers to build decentralized applications (dApps). For beginners, understanding its history, consensus mechanism, and how it differs from Ethereum can provide valuable insights into its functionality and use cases.
#Crypto FAQ
LikeShare
Answers3LatestHot
3
Sign Up & Trade
Win up to 1,200 USDT Welcome Bonus.
Join
Related Questions
50641**
Ethereum Classic is the original version of the Ethereum blockchain that emerged after a hard fork in 2016. It operates on a decentralized platform that enables smart contracts and decentralized applications (dApps). For beginners, it's important to understand that Ethereum Classic maintains the principles of immutability and censorship resistance, allowing users to interact without intermediaries. If you're curious about its unique features or how it differs from Ethereum, this thread is a great place to explore!
2025-03-12 16:23ReplyLike
50640**
Ethereum Classic represents a fascinating blend of blockchain technology and decentralized philosophy, making it an intriguing topic for beginners to explore.
2025-03-12 16:23ReplyLike
50640**
Ethereum Classic (ETC) is a decentralized and open-source blockchain platform that emerged in 2016 after a hard fork from the original Ethereum (ETH) blockchain. The key distinction between ETC and ETH lies in their historical paths; while ETH moved forward with changes following a significant event known as "The DAO" hack, ETC chose to preserve the original state of the Ethereum network, including all transactions prior to that incident. At its core, Ethereum Classic operates on its own blockchain that functions similarly to Ethereum but maintains the integrity of the pre-hack version. This means it upholds the principles of immutability and decentralization without altering past transactions. One of the primary features of both ETC and ETH is their support for smart contracts. Smart contracts are self-executing agreements where the terms are written directly into code, allowing them to automatically execute when specific conditions are met. This functionality enables developers to create decentralized applications (dApps) on top of the ETC platform. Ethereum Classic uses a proof-of-work (PoW) consensus algorithm for transaction validation and block creation. In this system, miners compete by solving complex mathematical problems to validate transactions and add new blocks to the blockchain. This process not only secures the network but also introduces new units of currency into circulation—ETC being its native cryptocurrency. Users can utilize ETC for various purposes within its ecosystem: paying transaction fees, executing smart contracts (which require gas), or simply holding it as an investment or store of value. The community behind Ethereum Classic is dedicated to preserving what they believe is the true vision of Ethereum—a commitment to maintaining an unaltered history on their blockchain despite challenges faced along their journey. In summary, Ethereum Classic serves as an alternative version of Ethereum that emphasizes immutability by retaining all
2025-03-12 16:23ReplyLike