Q. What is Ethereum Classic?
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What is Ethereum Classic?

Ethereum Classic is an alternative to Ethereum that was created in 2016 following the hack of The DAO, a decentralized autonomous organisation that utilized smart contracts that were based on Ethereum. Ethereum blockchain. Ethereum Classic was the original Blockchain. It was split and divided into two blockchains after certain users were not happy with the new features.

Ethereum Classic makes use of an PoW-based Etchash algorithm. Ethereum Classic undergoes halving to keep the supply of ETC coins and to prevent inflation. The current reward for mining Ethereum Classic stands at 2.048 ETC.


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Apr, 2025

Cryptocurrency
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Cryptocurrency

Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.

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