What is Ethereum Classic?

DEFINITION of Ethereum Classic. Ethereum Classic is an open source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Based on the principle of “Code is Law,” smart contracts are self-executing autonomous digital applications which are capable of running on their own as programmed.

What happened to Ethereum Classic after the hard-fork?

After the hard-fork, the blockchains were split in two and act individually. Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of smart contract and Decentralized applications, and has all the same specifications, such as average block time, size and reward.

What is the difference between Ethereum Classic and Ethereum smart contracts?

The original Ethereum blockchain was split in two with Ethereum Classic being the original and Ethereum being the newer blockchain. Based on the principle of “Code is Law,” smart contracts are self-executing autonomous digital applications, which are capable of running on their own as programmed.

What is the difference between Ethereum Classic and Bitcoin Cash?

Unlike Ethereum, Ethereum Classic has no plans to convert to a proof-of-stake (PoS) mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions. Read more about Ethereum here. Read more about Bitcoin Cash here.