Ethereum Classic is an open source, blockchain-based distributed computing platform featuring smart contract functionality. It upholds a changed variant of Nakamoto consensus by means of exchange put together state advances executed with respect to a public Ethereum Virtual Machine (EVM).

Ethereum Classic keeps up the first, unaltered history of the Ethereum network. The Ethereum undertaking's mainnet at first delivered by means of Frontier on 30 July 2015. In any case, because of a hack of an outsider task, the Ethereum Foundation made another form of the Ethereum mainnet on 20 July 2016 with an irregular state change implemented that erased The DAO theft from the Ethereum blockchain history. The Ethereum Foundation applied their brand name to the new, modified rendition of the Ethereum blockchain; Ethereum (ticker: ETH). The more seasoned, unaltered variant of Ethereum was renamed and proceeded as Ethereum Classic.

Ethereum Classic's native Ether token is a cryptocurrency traded on digital cash exchanges under the ticker symbol ETC. Ether is made as a prize to network nodes for a cycle known as "mining", which approves calculations performed on Ethereum Classic's EVM. Executed on 11 December 2017, the current ETC financial arrangement looks for similar objectives as bitcoin of being mechanical, algorithmic, and covered. And so on can be traded for network exchange expenses or different resources, items, monetary standards, items, and administrations.

Ethereum Classic gives a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute contents utilizing a global organization of public nodes. The virtual machine's instruction set is Turing-complete rather than others like bitcoin script. Gas, an inside exchange evaluating system, is utilized to moderate spam and apportion assets on the organization.