Ethereum Classic was first created from an Ethereum hard fork in 2016. In July 2016, the team behind Ethereum decided to fork after the hack of a smart contract which resulted in the hijacking of almost 10% of the ethers in circulation at that time . In short , Ethereum Classic is the version of Ethereum that does not cancel piracy and thus has all the attributes of the Ethereum blockchain before July 2016. Ethereum Classic is now an open source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts like Ethereum.
This data was last updated 2020-10-28 20:08:55 UTC