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Ethereum Classic
What this page is: neutral, sourced facts about Ethereum Classic. Every line links where it was checked. 8 facts, 2 from primary sources. Educational, not financial advice.
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Launch
- Ethereum Classic was created in a hard fork and maintains the original, unaltered ledger prior to the attempt to reverse a hacking attack on The DAO in July 2016. secondary source source
Origin story
- Ethereum Classic is a continuation of the original Ethereum launched in 2015, which The Ethereum Foundation forked away from by launching a new protocol in 2016. primary source source
Stated purpose
- Ethereum Classic describes itself as a continuation of the original Ethereum launched in 2015, where Code is Law: applications run exactly as programmed without downtime, censorship, or third party interference. primary source source
Consensus mechanism
- It is now the largest smart contract platform secured by a proof-of-work consensus mechanism, following Ethereum's transition to proof-of-stake in 2022. secondary source source
Supply model
- On 11 December 2017, the total supply on Ethereum Classic was hard capped at ETC 210,700,000; the "5M20" schedule reduces the block reward by 20% every 5,000,000 blocks. secondary source source
Main uses today
- It is used to pay for Gas, a unit of computation used in transactions and other state transitions. secondary source source
Key milestones
- Ethereum Classic upgraded its network on block 5,900,000 to permanently defuse the Difficulty Bomb. secondary source source
Notable events and controversies
- Third 51% attack in Aug 2020; the first was on Aug 1. secondary source source
Sources & studies
Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.
Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.