The EthereumClassic (ETC.) is a fork in the currency of 1,920,000 blocks, which is very similar to that of etheric. It retains the code rules and characteristics of the original etheric fang, inheriting the centralization concept and ensuring the consensus mechanism through the blockchain.
In order to be able to move in a better direction after The theft of The DAO funds by The world's largest crowdfunding, iitong has had to make a hard fork. However, after the chain hard bifurcation in yitai fang, the existing Ethernet network and the new network coexist. A group of developers who insist on the core value of blockchain form the Ethereum Classic to issue an independent cryptocurrency, thus creating a new currency, the ether Classic (ETC). Since then, it has split into the ETH and ETC.
Since the bifurcation, the monetary policy of ETH and ETC has also taken a different path, and ETH has no upper limit at present, which is in the stage of continuous issuance. ETC has come back to the Austrian tradition of the economic school, which has been planning to reduce production in the way of bitcoin, and the total amount will not exceed 210 million.
In addition, the etheric classic based on POW mechanism is also more advantageous than that of Ethernet. Based on digital currency mechanism is the core of consensus, POW work proved the mechanism of the market have been proved to be the best system, digital currency is the total market value of the top ten eight mechanism based on POW.
In September 2016, the founder of the blockchain information portal, babbitt, sent a message to ETC., saying that ETC is the legitimate chain that should be recognized.
Block query: https://gastracker.io/ https://etcchain.com/explorer