What Is Ethereum Classic?
Ethereum Classic is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Ethereum Classic was formed in 2016 as a result of a hack of the network. The original Ethereum blockchain was split in two with Ethereum Classic being the original and Ethereum being the newer blockchain.
Understanding Ethereum Classic
Ethereum Classic facilitates running smart contracts by offering the benefit of decentralized governance. In other words, the contracts can be enforced without a third party involved, such as a lawyer. Smart contracts are similar to if-then statements, meaning if the actions required within the contract have been fulfilled, then the responding contract parameters would be completed. If the contract parameters have not been fulfilled, then there might be a penalty, a fee, or the contract might be voided, depending on the terms established at the onset of the contract.
**Security **
it is the only crypto use Poof of work smart contracts blockchain
Source of plagiarism
Plagiarism is the copying & pasting of others' work without giving credit to the original author or artist. Plagiarized posts are considered fraud and violate the intellectual property rights of the original creator.
Guide: Why and How People Abuse and Plagiarise
Fraud is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #appeals in Discord.