What is Ethereum Classic (ETC)?

Cryptocurrency

Ethereum Classic (ETC), with a deep-rooted history in the world of cryptocurrency, is an open-source blockchain platform that enables the development of decentralized applications and the execution of smart contracts. Born in 2016 as a result of a split within the Ethereum ecosystem, Ethereum Classic is known for its strict adherence to the principle of immutability. With the philosophy of “Code is law,” it does not allow interference with the chain’s past and carries special significance for users who want to remain faithful to blockchain ideology.

What is ETC?

ETC is the native cryptocurrency of the Ethereum Classic network. It is used to validate transactions on the network, execute smart contracts, and pay transaction fees. Users can buy and sell ETC coins on cryptocurrency exchanges with different trading pairs. In Türkiye, the support of ETC/USDT and ETC/TRY trading pairs allows local users to access Ethereum Classic easily. Thanks to its limited supply structure, ETC coin also stands out with its aim of providing protection against inflation.

Understanding Ethereum Classic

To understand Ethereum Classic, one must look at its roots. In 2016, the DAO attack on the Ethereum network led to a major split. The majority of the community decided to reverse the consequences of the attack by changing the chain’s direction, thus continuing on a new blockchain. However, some developers and users rejected altering the chain’s history on principle. This group preserved the original chain and supported Ethereum Classic. For this reason, ETC is seen not only as a digital asset but also as a symbol of immutability and decentralization.

Who Founded Ethereum Classic?

Ethereum Classic does not have a single founder. The project was created by the community that split from Ethereum and remained committed to the “Code is law” principle. During this process, developers, miners, and users collectively decided not to change the chain’s history. Therefore, Ethereum Classic was born not from a specific leader or company but from a community-driven approach. Still managed by the community today, this structure makes Ethereum Classic one of the most loyal projects to decentralization.

What Makes Ethereum Classic Unique?

The most important feature that makes Ethereum Classic unique is its commitment to the philosophy of immutability. While many blockchains allow flexibility, Ethereum Classic refuses to reverse transactions. This makes the project resistant to censorship. Over the years, this philosophical stance has become a symbol of reliability for its users. Although its developer community is smaller, Ethereum Classic holds a distinctive place in the blockchain world thanks to this principle that differentiates it.

The History of Ethereum Classic

The story of Ethereum Classic begins with the DAO attack in 2016. In this attack, a vulnerability in a smart contract on the Ethereum network caused significant fund losses. The majority changed the chain’s history to recover the losses, creating today’s Ethereum (ETH). However, some developers and users insisted that “the history of the blockchain cannot be erased” and continued with the original chain. Thus, Ethereum Classic was born. This split is considered one of the biggest philosophical debates in cryptocurrency history and remains the defining turning point of ETC’s identity.

What is the Difference Between Ethereum and Ethereum Classic?

The difference between Ethereum (ETH) and Ethereum Classic (ETC) mainly lies in their perspective on blockchain history. While Ethereum changed the chain’s direction after the attack, Ethereum Classic chose to preserve the original chain. Additionally, the Ethereum network has transitioned to the Proof of Stake (PoS) mechanism, while Ethereum Classic still uses Proof of Work (PoW). This difference positions the two networks differently in terms of security, energy consumption, and community support. Although Ethereum has a much larger ecosystem, Ethereum Classic stands out with its philosophical commitment.

How to Buy Ethereum Classic (ETC)?

To buy Ethereum Classic (ETC), a reliable cryptocurrency exchange must be chosen. In Turkey, one of the platforms where users can easily trade is CoinTR. The process is quite simple:

Register on CoinTR and complete your identity verification (KYC).
Deposit Turkish Lira into your account.
From the Spot Trading section, select the ETC/USDT or ETC/TRY trading pair.
Enter the amount you wish to purchase and confirm the transaction.
Once completed, your ETC balance will be reflected in your CoinTR wallet.

CoinTR makes the Ethereum Classic buying process fast and reliable with its user-friendly interface, low transaction fees, and strong security measures.

The Future of ETC Coin

The future of ETC coin is shaped by the principle of immutability and community support in the blockchain world. Some users value Ethereum Classic because of its loyalty to these ideals, while others compare it cautiously with Ethereum’s much broader ecosystem. Its limited supply, PoW structure, and community contribution are strong factors that can sustain the project in the long term. However, as with any cryptocurrency, high price volatility makes precise predictions impossible.

ETC Coin Comment

Opinions about Ethereum Classic vary. One group views ETC as a symbol of staying true to blockchain philosophy. On the other hand, some users argue that compared to Ethereum’s much more advanced ecosystem, Ethereum Classic is limited. Therefore, ETC coin is seen both as a representative of a strong ideal and a more narrowly scoped ecosystem.

Challenges Ethereum Classic May Face

Among the challenges Ethereum Classic may face are security risks and community size. The network has suffered several 51% attacks in the past, sparking debates about security. In addition, the PoW mechanism is criticized for its high energy consumption. Its smaller community compared to Ethereum may also slow down development. All these factors create uncertainties regarding the project’s future.

Goals of Ethereum Classic

The primary goal of Ethereum Classic is to preserve the immutability and decentralization of the blockchain. The project aims to build a structure resistant to censorship by acting according to the “Code is law” philosophy. It also seeks to establish an ecosystem where developers can freely build dApps (decentralized applications). These goals elevate Ethereum Classic beyond a mere technical infrastructure, making it a symbol of philosophical stance.

How Many Ethereum Classic (ETC) Coins Exist?

The total supply of Ethereum Classic is limited to 210 million ETC. This limited supply model aims to provide protection against inflation. Over time, while the circulating supply of ETC increases, the maximum supply can never be exceeded. This strengthens the scarcity value of cryptocurrency. For users, this limited model makes the economic framework of ETC coin more predictable.

How is the Ethereum Classic Network Secured?

The Ethereum Classic network is secured through the Proof of Work (PoW) consensus mechanism. Miners use computational power to validate transactions and add new blocks to the chain. This method makes the network resistant to attacks. Despite some past security issues, the community and developers continue to take measures to strengthen network security. The distributed structure provided by miners is one of the elements that makes Ethereum Classic strong both technically and ideologically.

2025-09-18

Legal Notice

The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.

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