Ethereum Classic (ETC) – Classic “Non-Fork” Blockchain Asset
Committed to decentralization and consensus mechanism on blockchain
Ethereum Classic (Aka, ETC) is a continuity of the original Ethereum blockchain and it was created from a fork in 1,920,000 block. ETC share similar function with ETH. Application is operate in accordance with pre-defined protocol – there would be no halt, surveillance, faulty or interference by third party.
ETC is committed on ideology of decentralization by way of consensus mechanism in blockchain. ETC believes its development would be determined by a majority of consensus and hashing power but not by a group of core developers.
Project ETC is trying to preserve the core design methodology of Ethereum blockchain and offer an alternative to those who did not support the approach of DAO incident by Ethereum Foundation.
Supporters of ETC are varied and initially they are all ideologist in blockchain community. They strongly believe that irreversibility, decentralization and distributed ledgering is the core idea of blockchain.
Other ETC supporters are developers. ETH is largely affected by Ethereum Foundation, while ETC is committed to open-sourced, decentralized working principle and such freedom of development is still very appealing to ETC developers.