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Ethereum Classic is the original, unaltered version of the Ethereum network.
Following a hack of 3.6 million ETH from a third-party venture capital fund called “The DAO” in 2016, the Ethereum community opted to launch a new version of the main net that erased the theft from the blockchain’s history.
The original, unforked version of Ethereum was renamed Ethereum Classic. Ethereum Classic now has different goals with a focus on immutability.
ETC is Ethereum Classic’s native currency, which is used to power transactions and smart contracts on its network. Users pay fees in ETC to execute smart contracts. While Ethereum plans to transition from Proof of Work to Proof of Stake, Ethereum Classic will continue mining on its own blockchain.
While some people choose to buy Ethereum, others may choose to invest in Ethereum Classic as an alternative option due to its smaller community that focuses on immutability and resisting changes to the protocol.
How do I buy ETC?
Buying ETC has never been easier. With Coinmama, you can buy ETC from the comfort of your home or even via your phone while you are on the go! Our industry-leading customer service is available 24/7 to make your purchase simple, smooth, and secure. So, what are you waiting for?
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