What is Ethereum Classic?

On Conio it is possible to buy and sell ETC (Ethereum Classic's native blockchain currency), however, it is not yet possible to withdraw and deposit ETC. On the other hand, you can use the "Convert" function to convert ETC to another asset from among those in the Conio marketplace.


Ethereum Classic (ETC) is the name of an open-source public blockchain. It represents the original version of Ethereum, maintaining the pre-fork (proof-of-work) blockchain of the project. Ethereum Classic enables smart contracts, which automate actions via the blockchain, enabling a new era of digital services and products.


Ethereum Classic (ETC) was born in 2016 as a result of a division in the Ethereum community following the "The DAO" incident. While the majority of the community opted for a hard fork to nullify the compromised transaction, a portion chose to maintain the original Ethereum blockchain, advocating for the principle of "Code is Law." This led to the creation of Ethereum Classic, which retained the original blockchain and rejected the hard fork.


From a technological standpoint, Ethereum Classic utilizes the same technology as Ethereum, allowing the creation and execution of smart contracts on its blockchain. This technology enables developers to build decentralized applications (DApps) and implement a wide range of use cases, from automating complex financial transactions to managing digital identities. Additionally, Ethereum Classic has maintained the "Code is Law" approach, meaning that the protocol code and transactions on its blockchain are immutable and cannot be altered once executed.

The native currency of Ethereum Classic is Ether Classic (ETC), which serves several functions within its ecosystem, including paying transaction fees for executing smart contracts and for transactions on the Ethereum Classic blockchain.

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