Ethereum Classic (ETC): what you need to knowEthereum Classic (ETC): what you need to know

Ethereum Classic is the original Ethereum blockchain, created in 2016 after a hard fork following The DAO hack. Where Ethereum (ETH) switched to a new version, Ethereum Classic (ETC) stayed true to the principle that the blockchain should be immutable. ETC supports smart contracts and has its own smaller but loyal community.

Whitepaper: https://www.lcx.com/eth-mica-white-paper/

Ethereum Classic uses a Proof-of-Work consensus mechanism called Etchash. Miners use computing power to validate transactions and generate new blocks. ETC has a fixed maximum supply, making the project scarcer than Ethereum.

• Ticker: ETC

• Category: Layer 1 / Smart Contract Platform

• Blockchain: Ethereum Classic

• Protocol: Proof of Work (Etchash)

• Year of launch: 2016

Ethereum Classic supports smart contracts and is largely compatible with the Ethereum Virtual Machine (EVM), so many Ethereum applications can also run on ETC. The chain has also implemented a number of its own upgrades to improve security and efficiency.

The Ethereum Classic ecosystem is smaller than that of Ethereum, but includes a number of dApps, wallets and exchanges that support ETC. The community puts a strong emphasis on decentralisation, immutability and the original Ethereum philosophy.

Ethereum Classic emerged in 2016 from the Ethereum community itself, after disagreement over reversing The DAO hack. A group of developers and users chose to continue the original chain. ETC has no single 'founder', but is maintained by various development teams and organisations such as ETC Cooperative.

BTC Direct has been the European entry point to crypto since 2013. We make buying Ethereum Classic straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your ETC is on its way within minutes.

• Your coins, your control. We do not store your ETC. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

Ready to buy your first ETC?

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Click here for more information about the impact on the environment by this specific coin.

More questions about Ethereum Classic or BTC Direct? Visit our help center for more answers.

For more technical information about Ethereum Classic, visit the official website.

Cryptocurrencies, including Ethereum Classic (ETC), are volatile and carry risks. The value of ETC can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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