Ethereum Classic/ETC

While the world is getting more acquainted with Ethereum, a group within the Ethereum community is growing fonder of Ethereum Classic.

Several mobile Bitcoin casinos support Ethereum Classic (ETC) for deposits alongside Bitcoin, such as DuckDice Casino.

The Difference Between the Two

In the beginning, there was Ethereum. Those familiar with Ethereum know it is based on blockchain technology and provides extra security through smart contracts for peer-to-peer transactions. Ethereum Classic relies on smart contracts too. So what exactly is the difference between the two? The answer boils down to ideology and opinions.

Ethereum Classic originated from a hack on the Ethereum network: the DAO hack. DAO tokens were hugely popular, but a flaw allowed thieves to steal about $50 million worth, creating a dilemma. Do nothing to uphold immutability, or hard fork to recover the funds?

Those who opposed the hard fork stayed with the original chain, now known as Ethereum Classic. It has all the functionalities of Ethereum but remains unforked.

To use Ethereum Classic, you need a compatible wallet. Popular options include the Trezor wallet, manageable on desktops and mobile via app. It handles multiple accounts and supports various cryptocurrencies besides Ethereum Classic.

Another is Classic Ether Wallet for light use, or more robust ones like Ledger, Trezor, and Jaxx.

For a full breakdown of using Ethereum Classic, consult detailed guides.

Ethereum Classic lets users handle transactions across its chains. Miners can join pools like Epool, 91pool, Ethermine, and others. A vibrant forum and FAQ section answer common questions.