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Ethereum Classic is a blockchain platform that runs smart contracts and decentralized applications. It is the original version of Ethereum that was launched in 2015, before a controversial hard fork created a new chain called Ethereum12
Ethereum Classic has a set of principles that guide its development and community. These principles are: 34
Decentralization: Ethereum Classic believes in a decentralized, censorship-resistant, permissionless blockchain that cannot be controlled by any central authority or entity.
Immutability: Ethereum Classic preserves the original, unaltered history of the Ethereum network and rejects any state changes that violate the principle of code is law.
Security: Ethereum Classic secures its network using a proof-of-work consensus algorithm that ensures the validity and finality of transactions and prevents attacks such as double-spending or 51% attacks.
Functionality: Ethereum Classic provides a Turing-complete virtual machine that can execute any arbitrary code and supports a wide range of use cases such as digital identity, tokenization, governance, finance, gaming, and more.
Monetary Policy: Ethereum Classic has a fixed monetary policy that limits the total supply of its native token, ether, to 210.7 million. This policy aims to protect the value and scarcity of ether and make it a reliable store of value and medium of exchange.
These principles reflect the vision of Ethereum Classic as a world computer that can run unstoppable applications and uphold the values of trustlessness, transparency, and neutrality34
If you want to learn more about Ethereum Classic, you can visit its official website1, read its Wikipedia page2, or check out some of the latest news and applications on its platform5. You can also buy, sell, or trade ether on various cryptocurrency exchanges5.
I hope this answer was helpful and informative. Do you have any other questions about Ethereum Classic or blockchain technology? π