What is Ethereum Classic (ETC)? How does it Work?

Ethereum Classic (ETC) was developed by Vitalik Buterin and Gavin Wood, the founders of Ethereum (ETH). Ethereum Classic was created by the Ethereum hard fork. Ethereum Classic is a smart contract network that supports decentralized applications. The native cryptocurrency of the network is ETC. In this article, you can find answers to the questions of what is Ethereum Classic (ETC), how does Ethereum Classic (ETC) work, how to buy Ethereum Classic (ETC) and how to trade ETC/TRY and ETC/USDT trading pairs.

What is Ethereum Classic (ETC)? How does it work?

Ethereum Classic (ETC) was created by a hard fork of the Ethereum blockchain in July 2016. The project aims to be a global payment network powered by smart contracts without a centralized administration. Ethereum Classic has a structure that works with the Proof of Work protocol.

Ethereum Classic is a decentralized network. Applications on the network run uninterrupted and censored without any outside interference. Smart contracts on the Ethereum Classic network do not have a third party. Smart contracts start self-executing when the actions included in the contract take place between users.

Ethereum Classic (ETC) is mined. The total supply of Ethereum Classic (ETC) is capped at 210,700,000 units.

How to Store Ethereum Classic (ETC)?

ETC, the native cryptocurrency of Ethereum Classic which is the smart contract network that supports decentralized applications, is built on the Ethereum Classic blockchain. You can manage your ETC balances with desktop, mobile and hardware wallets that support Ethereum Classic assets.

How to Trade Ethereum Classic (ETC)?

You can use the BtcTurk | PRO website or the BtcTurk | PRO mobile application to buy and sell Ethereum Classic (ETC) with Turkish Lira and Tether. If you are not a member of BtcTurk, you can become a member easily from our website or mobile application, and get Ethereum Classic (ETC) by sending Turkish lira 24/7 with 7 contracted banks.