<p><a href="/prices/ethereum-classic">Ethereum Classic</a> is a decentralized, open-source blockchain platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. It is based on the Ethereum blockchain, which was created in 2015 by Vitalik Buterin. Ethereum Classic is the original version of Ethereum, which was created in 2016 when a group of Ethereum developers decided to fork the Ethereum blockchain to reverse the hack of the decentralized autonomous organization (DAO) that had occurred earlier that year. Ethereum Classic maintains the original, unaltered history of the Ethereum blockchain, while Ethereum has continued on with the new, modified history.</p>

<h2>Differences between <a href="/prices/ethereum-classic">Ethereum Classic</a> and <a href="/prices/ethereum">Ethereum</a></h2>

<ol>
<li>History: As mentioned earlier, the main difference between Ethereum Classic and Ethereum is the history of their respective blockchain. Ethereum Classic maintains the original, unaltered history of the Ethereum blockchain, while Ethereum has a new history that was created when the Ethereum blockchain was forked to reverse the hack of the DAO.</li>

<li>Community: The Ethereum Classic and Ethereum communities are made up of different groups of people who have different visions for the direction of the two platforms. The Ethereum Classic community tends to be more small and conservative, while the Ethereum community is larger and more experimental.</li>

<li>Development: The development of Ethereum Classic and Ethereum is also quite different. Ethereum Classic has a smaller development team and a slower rate of development compared to Ethereum. This is due in part to the smaller size of the Ethereum Classic community and the fact that Ethereum Classic does not have as much funding as Ethereum.</li>

<li>Token: Both Ethereum Classic and Ethereum have their own tokens, called "ETC" and "ETH", respectively. These tokens are used to pay for transaction fees and to power smart contracts on their respective platforms.</li>

<li>Adoption: Finally, Ethereum and Ethereum Classic have different levels of adoption. Ethereum is widely used by developers and has a large user base, while Ethereum Classic has a smaller user base and is not as widely adopted.</li>

</ol>

What is Ethereum Classic and what is the difference between Ethereum?

1/2/2023