Ethereum Classic is very similar to Ethereum in many ways. You can make smart contracts and a range of applications.
Our Joke Name
Ethereum Classic = Code Is Law
Link to the main website
Link to price/market cap
Exchange Ticker (ETC)
Block time (less than 60 seconds)
Market Cap Ranking
So if Ethereum and Ethereum Classic are the same, you might be asking why do they both exist. Pretty much Ethereum was ticking along all fine and it got hacked for around 3million, the hacker exploited it in a way that was some what legal. But the price plummeted and many people lost there ether.
Basicly there was a argument to change the past transactions or not because some (code is law fiasco). They ended up splitting into two currencies.
ETC stand by code is law and past transactions can not be undone.
ETH stand by that things can be undone if a vote from the community says so.
Both ETC and ETH have there own values and blockchains and community.
ETH is ranked 2 and ETC is ranked around 20.
That pretty much summarises it without going into to much boring details. More details here
Looking at all the details, it seems like ETC is under valued.
(thereumclassic.github.io) 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.
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.
- Old and trusted
- Code Is Law
- Smart contarts
- Not a user friendly as Eth
- Sounds dated