What is Ethereum Classic (ETC), and how does it differ from Ethereum (ETH)?

What is Ethereum Classic (ETC), and how does it differ from Ethereum (ETH)?

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Ethereum Classic (ETC) is a copyright that emerged from a hard fork of the original Ethereum (ETH) blockchain in 2016 following the infamous DAO hack. While Ethereum Classic and Ethereum share the same roots, they now operate as distinct networks. The primary difference is that Ethereum decided to hard fork to reverse the hack and return the stolen funds, while Ethereum Classic chose to continue on the original, immutable blockchain, preserving all transaction history. This philosophy of “code is law” is central to ETC’s identity, with the ETC network emphasizing immutability and censorship resistance. Over the years, Ethereum has upgraded its protocol, including a transition to Proof of Stake (PoS), while Ethereum Classic remains on a Proof of Work (PoW) consensus. For up-to-date information on the current ETC price, you can check platforms like Toobit, which offer live updates and insights into ETC’s market trends.