Ethereum Classicetc

Ethereum Classic is a Turing-complete blockchain protocol that powers smart contracts and decentralized applications. Ethereum Classic contracts are scripted with Solidity, the native programming language. Smart contracts are self-executing programs that facilitate an exchange of value (e.g., money, content, property, shares) when specific conditions are met without an intermediary. Ethereum Classic was the result of a chain split in 2016 after the DAO smart contract built on Ethereum was exploited to steal 3.6 million Ether from the fund. Ethereum Classic represents the original chain state, including transaction validation for the stolen DAO funds, championing immutability. Ether Classic, the platform’s native token, is used to pay miners for validating transactions and executing smart contract programs.