Ethereum Classic is an open source public blockchain based platform distributed and computing smart contact functionality. Ethereum Classic is a smart community-driven platform for decentralized applications. The Ethereum Classic executes scripts using an international network of public nodes through the Ethereum Virtual Machine (EVM). Ethereum Classic was launched in 2016.
Method of functioning
Ethereum Classic and Ethereum have the value token called "ether", which can be transferred between participants, stored in a cryptocurrency wallet and used to compensate participant nodes for computations performed in the Ethereum Platform.
Ethereum Classic is a highly secure base chain, perfectly suitable for decentralized computing. Between the People and businesses Ethereum Classic making high-value smart contracts, aiming to be a high speed and high volume transactions layer to satisfy high-performance applications