Ethereum Classic(ETC) is a forked version of the Ethereum blockchain that emerged as a result of the DAO (Decentralized Autonomous Organization) attack in 2016. It maintains the pre-fork blockchain history and utilizes the same blockchain technology as Ethereum, including smart contract functionality and a virtual machine. It employs the Proof-of-Work (PoW) consensus mechanism to validate transactions and safeguard network security, while emphasizing decentralization, resistance to censorship, and smart contract capabilities. ETC is compatible with the smart contract development language and tools of Ethereum, enabling developers to easily migrate existing Ethereum smart contracts to ETC or create new applications.
ETC was created by members of the Ethereum community who believed that Ethereum violated the blockchain's decentralization principles in rolling back The DAO hack. The founding team of ETC believes that the blockchain should be immutable and that any hacking should be at the user's own risk.
Above are only for introduction, not intended as investment advice.