Spiral / 4 February 2024; 3 months ago (2024-02-04)
Development status
Active
Software used
EVM 61 bytecode
Funding
Open Source Software
Written in
C++, Go, Python, Rust, Scala
Operating system
Cross-platform
Platform
x86-64, ARM
Size
Archive: 771GB / Snap Sync: 72GB (2023-Oct-03)
Available in
Global
Type
Open Source Software
License
Open-source licenses
As of
October 2023
Average performance
13.3 Seconds
Active users
45,281 Daily Transactions
Total users
100,256,926 Addresses
Total hosts
693 Nodes
Website
ethereumclassic.org
Ethereum Classic is a blockchain-based distributed computing platform that offers smart contract (scripting) functionality.[1] It is open source and supports a modified version of Nakamoto consensus via transaction-based state transitions executed on a public Ethereum Virtual Machine (EVM).
Ethereum Classic maintains the original, unaltered history of the Ethereum network.[2] The Ethereum project's mainnet was initially released via Frontier on 30 July 2015. However, due to a hack of a third-party project, The DAO, the Ethereum Foundation created a new version of the Ethereum mainnet on 20 July 2016 with an irregular state change implemented that erased the DAO theft from the Ethereum blockchain history.[2] The Ethereum Foundation applied their trademark to the new, altered version of the Ethereum blockchain.[2] The older, unaltered version of Ethereum was renamed and continued on as Ethereum Classic.[2]
Ethereum Classic's native Ether token is a cryptocurrency traded on digital currency exchanges under the currency code ETC.[3] Ether is created as a reward to network nodes for a process known as "mining", which validates computations performed on Ethereum Classic's EVM. Implemented on 11 December 2017, the current ETC monetary policy seeks the same goals as bitcoin: being mechanical, algorithmic, and capped. ETC can be exchanged for network transaction fees or other assets, commodities, currencies, products, and services.
Ethereum Classic provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), 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.[4]
^Vigna, Paul (28 October 2015). "BitBeat: Microsoft to Offer Ethereum-Based Services on Azure". The Wall Street Journal (Blog). News Corp. Retrieved 17 February 2016.
^ abcdVigna, Paul (1 August 2016). "The Great Digital-Currency Debate: 'New' Ethereum Vs. Ethereum 'Classic'". The Wall Street Journal (Blog). News Corp. Retrieved 5 March 2020.
^Russel, Jon (11 June 2018). "Coinbase will add Ethereum Classic to its exchange 'in the coming months'". TechCrunch.com. TechCrunch. Retrieved 5 March 2020.
^Tapscott, Don (2016). Blockchain revolution : how the technology behind bitcoin is changing money, business, and the world. Toronto, Ontario, Canada: Portfolio/Penguin. ISBN 978-0670069972.
on a public Ethereum Virtual Machine (EVM). EthereumClassic maintains the original, unaltered history of the Ethereum network. The Ethereum project's mainnet...
Ethereum is a decentralized blockchain with smart contract functionality. Ether (Abbreviation: ETH;) is the native cryptocurrency of the platform. Among...
fork of the Ethereum blockchain. Most Ethereum miners and clients switched to the new fork while the original chain became EthereumClassic. The governance...
the Ethereum blockchain into two branches, each with its own cryptocurrency, where the original unforked blockchain continued as EthereumClassic. By...
market: Bitcoin Cash, Grayscale Bitcoin Trust, Grayscale Ethereum Trust, Grayscale EthereumClassic Trust, Grayscale Digital Large Cap Fund, and the Grayscale...
Americans'". Mashable. Retrieved July 28, 2022. "On Settlement Finality". Ethereum Foundation Blog. Retrieved January 18, 2023. Coll Aumatell, Roger (July...
are subject to Simplex's local bank policies and are limited to Bitcoin, Ethereum, Litecoin and Ripple's XRP. On 7 May 2019, Binance revealed that it had...
implementing smart contracts on various blockchain platforms, most notably, Ethereum. Solidity is licensed under GNU General Public License v3.0. Solidity was...
sometimes referred to as "Big Tech". The term "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency...
the U.S. dollar. In January 2019, Coinbase stopped all trading on EthereumClassic due to a suspicion of an attack on the network. In February, Coinbase...
its code. In this case, the fork resulted in a split creating Ethereum and EthereumClassic chains. In 2014 the Nxt community was asked to consider a hard...
the addition to its Board of notable advisors such as Vitalik Buterin (Ethereum co-founder and inventor) and Jared Birchall (representing Elon Musk). In...
exchanges, temporarily paused all deposits and withdrawals of Ethereum-based tokens during the Ethereum software upgrade known as the Merge. In December 2022...
not as widely used as proof-of-work cryptocurrencies. In September 2022, Ethereum, the world second largest cryptocurrency in 2022, switched from proof of...
create Zerocoin spend transactions without a corresponding mint". Unlike Ethereum during the DAO event, developers have opted not to destroy any coins or...
in Hong Kong.[citation needed] The coin was initially deployed on the Ethereum and BNB Chain networks, adhering to the ERC20 and BEP20 standards, respectively...
ability for users to purchase a derivative of Litecoin along with Bitcoin, Ethereum and Bitcoin Cash which could not be withdrawn or spent as part of its Crypto...
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