Ethereum Classic (ETC)

Ethereum Classic (ETC) is a public blockchain that functions as a shared digital record controlled by no single entity. It runs smart contracts, which are small programs that execute automatically according to their code without human intervention. First appearing in market data in 2016, the network operates on the principle that once information is written to the ledger, it cannot be reversed, edited, or undone. This strict adherence to history is often summarized by the phrase "code is law."

Key Characteristics

• Technology: A decentralized blockchain capable of hosting automatic programs.
• Supply Cap: The protocol has a maximum supply of 210,700,000 coins.
• Origin: ETC represents the original version of the Ethereum network, established by Vitalik Buterin and co-founders in 2015.
• Philosophy: The network prioritizes immutability, ensuring that the history of the chain remains permanent regardless of external circumstances.

ETC serves as the cryptocurrency used to pay for activity on this network. It stands as a testament to the belief that a blockchain should remain an unalterable record of truth, distinct from networks that allow for historical changes. As one of the foundational blockchains, it continues to operate as a shared notebook accessible to the world, maintained by thousands of computers.