1. What is etheric classic?
ETC (Ethereum Classic) Ethereum is a forked currency that is hardly forked after 1,920,000 blocks. Its function is very similar to that of Ethereum. ETC adheres to the decentralization concept and supports the consensus mechanism for blockchain assurance. ETC firmly believes that once the blockchain begins to operate, its development direction will not be dominated by any central team, but will be determined by the consensus of the entire network personnel and the consensus of the entire network.
The Ethereum blockchain hard fork in July 2016 was designed to transfer the hacked The DAO funds to an account controlled by investors and let the old transaction records be forgotten by history. Most Ethereum developers are involved in this reversal, and exchanges, startups, and other members of the ecosystem are also involved. A few days later, the project returned to normal. But not everyone wants to forget the old transaction record. So a small group of miners continued to use the original blockchain as a protest, and they described the hard fork as a fundraising action for The DAO, an abandoned project. So Ethereum Classic (ETC) was born.
2. Detailed parameters
Chinese name: Ether Classic English name: Ethereum Classic English abbreviation: ETC
Developer: Ethernet classic team core algorithm: Ethash consensus proof: POW
Release date: 2016/7/20 Block time: about 15-17 seconds / block
Total currency: fixed at 210 million, maximum no more than 230 million, 20% slowdown for every 5 million blocks, the first production cut is expected to be December 2017
Key features: Independent cryptocurrency
3. Common links
Official website: https://ethereumclassic.github.io/
Block query: h ttps://gastracker.io/