What is Ethereum Classic ?
Who are the Founders of Ethereum Classic ?
Ethereum Classic is the original Ethereum blockchain created by Vitalik Buterin. However, following the hack of The DAO in July 2016, which saw $50 million worth of Eth stolen, the Ethereum network split through a fork into two distinct blockchains: Ethereum, backed by Vitalik and the Ethereum Foundation, which erased the history of the theft, and the Ethereum Classic network, with its unchanged history, supported by developers who strongly believe in the need for blockchain immutability.
Who are the Supporters of the project ?
The project has a dedicated community of supporters who believe in its principles of immutability and censorship resistance. These supporters believe that the blockchain should remain unaltered, and that any changes to its code or history should only be made through a consensus of its users. Some of the key supporters include Anthony Lusardi, who serves as the Director of Communications for the Ethereum Classic Cooperative, and IOHK, a leading blockchain research and development company led by Cardano‘s co-founder, Charles Hoskinson.
What is the Purpose of Ethereum Classic ?
The purpose of Ethereum Classic is to provide a decentralized platform for the development of applications and smart contracts, with a focus on immutability and censorship resistance. The platform operates on the principles of trustlessness and transparency, which means that it allows developers to build applications that cannot be altered or censored by any central authority. This makes it an ideal platform for applications that require a high degree of security, such as financial services and data storage.
What are the Tokens of Ethereum Classic ?
The primary token of Ethereum Classic is called (ETC). It is used to pay for transactions and computational services on the network. In addition to Classic Ether, developers can also create their own tokens on the Ethereum Classic platform, which can be used for a variety of purposes, such as fundraising, loyalty programs, and tokenized assets.
What is the Vision behind the project ?
The vision of the project is to create a decentralized and trustless platform for the development of applications and smart contracts. The platform aims to provide a secure and censorship-resistant environment for developers and users, and to promote the principles of immutability and transparency. The Ethereum Classic community is committed to maintaining the original vision of Ethereum, and to preserving the integrity and security of the blockchain.
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