What Is Ethereum Classic?
Ethereum Classic is an open-source blockchain, decentralized platform, and cryptocurrency. It allows the developers to deploy and make smart contracts. It is another updated form of the Ethereum Network. This one is permissionless, and anyone can join and execute as much as the time they have a compatible crypto wallet.
It was originally known as Ethereum and was created after the DAO hack. One of the main concerns of the Ethereum Classic is its scalability. Ethereum Classic has gone through many software upgrades. The main aim of the Ethereum Classic is to work more toward a global payment network using smart contracts without any interference from centralized governance. It can be saved and exchanged while retaining its value.
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