Ethereum Classic is a Cryptocurrency created in 2016 as a fork of the original Ethereum blockchain. The creation of Ethereum Classic was the result of controversy within the Ethereum community after a cyberattack led to the theft of Ethereum DAO (Decentralized Autonomous Organization) funds. Ethereum Classic is an outdated version of the original Ethereum blockchain that retains the idea of the immutability of the blockchain.
The history of Ethereum Classic dates to 2015, when Ethereum was founded as a decentralized smart contract platform. Ethereum is designed to allow the creation of decentralized applications (dApps) using smart contracts. In 2016, the DAO was created as a decentralized autonomous organization to finance Ethereum projects. DAO was created as a set of smart contracts on Ethereum and raised a lot of money from the Cryptocurrency community.
However, in June 2016, hackers exploited a vulnerability in the DAO smart contract and stole a large amount of funds. As a result, a debate broke out in the Ethereum community about how to handle this situation. Some community members believe that the Ethereum blockchain must be changed to cancel fraudulent transactions and recover stolen funds, while others believe that the blockchain must remain unchanged and take the impact of the attack as a lesson.
Receive Ethereum Classic
At Ccoins we have expanded our Cryptocurrency offer, which is why you can now have access to the most important coins within the Crypto ecosystem, such as Tron (TRX). If you are a Ccoins user you can receive and store your TRX in your multi Crypto Ccoins Wallet.
Send Ethereum Classic
If at any time you have ETC in your multi Crypto Ccoins Wallet you can send them to other wallets, the shipments can be executed in two ways, internally (To other Ccoins users), or externally (External wallets).
Acquire Ethereum classic with Flip Ccoins
If at any time you want to obtain Ethereum classic coins quickly and safely, the Ccoins Flip is the best option, now through the Flip you can acquire your first ETC coins through a quick Cryptocurrency conversion.
Convert Ethereum Classic with Flip
If you have a balance in Ethereum Classic coins in your Ccoins wallet and you want to have another Cryptocurrency from our catalog, don’t worry, now in Ccoins you can convert your ETC balance into another Cryptocurrency quickly and safely through a conversion process that is almost instant called Flip.
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Yes, today it is very common to see both physical and online stores that receive Cryptocurrencies as a form of payment, and Ethereum Classic is no exception since it is a very popular currency within the Crypto ecosystem.
This is because the ETC project is the purest system of the Ethereum project and being a fork it has a significant number of users.
ETC It is a Cryptocurrency that has its own blockchain network, therefore it does not need other blockchains to operate.