A virtual currency that was created by a hard fork of Ethereum.
The main developer remains in Ethereum, so it has less funds and development personnel than Ethereum.
The issuance limit is about 210 million units, and the mining reward decreases by 20% for every 5 million blocks.
The approval speed of Ethereum Classic is about 15 seconds, while Bitcoin takes 10 minutes.
The minimum unit is 0.00000000000000000001 ETC, which is expressed as 1 wei.
Ethereum is planning to shift its transaction approval system to PoS, where approval rights are based on the amount of currency held. On the other hand, Ethereum Classic will maintain the PoW system, which is based on the same amount of computation as Bitcoin.
Ethereum Classic will maintain the same PoW system as Bitcoin, where approval is based on the amount of computation. It is characterized by more limited scalability than Ethereum to improve hacking resistance.
It is also characterized by its strong opposition to the Ethereum Foundation and developers, who have repeatedly claimed that the original Ethereum blockchain will not be developed in the future.
Ethereum Classic has about 700,000 users.
Ethereum Classic is worth about 70 billion yen, while Ethereum is worth about 7 trillion yen, a difference of nearly 100 times.
The company is planning to focus on the IoT field.
It can be purchased on Binance, OKEx, etc.
Official website : http://ethereumclassic.org
Twitter : https://twitter.com/eth_classic
Github : https://github.com/ethereumclassic/
