Cryptocurrency Ethereum Classic (Ethereum Classic) - what is it and why is it needed in simple words

At the moment, there is a rapid development of the cryptographic market in the global economy. Today this area is an important component of the financial sector as a whole. In recent months, the communities of cryptocurrency organizations have been quite actively discussing one of the coins called Ethereum Classic. This coin has shown itself to be a popular and competitive asset among traders, whose performance has gone up sharply.

Thanks to the hard forks, the prospects of classic Ethereum are quite adequately estimated by experts in the field of digital currencies . But what the coin is, how it appeared and how it differs from its predecessor is still not clear to some novice users of the sphere. Therefore, in the material below, we will consider all the detailed characteristics and operating parameters of this site. Only after evaluating and studying all the important information, you can make a decision about the advisability of adding Ether to the cryptocurrency portfolio of the next year.   

What is Ethereum Classic (Ethereum)

So what is Ethereum Classic and what is it? This platform is a cryptocurrency project working through a blockchain system and equipped with smart contracts. Almost all information is stored in the information block chain system of this coin, namely, data on the state of accounts and all software after transactions are completed. This resource is open source and open source.

As a rule, it is generally accepted that the main feature of a coin lies precisely in smart agreements. These contracts are notable for their way of working. That is, contracts function thanks to pre-written conditions that are automatically followed in the process of concluding a deal between traders. The program monitors each stage of signing papers and monitors the conditions for fulfilling obligations under the agreement. In fact, thanks to the software, the chance of human error, third party intervention or fraud is minimized. That is, such smart contracts are the most reliable agreements in the trading business.

Participants in the network of information blocks have the ability to transfer between themselves the asset of classic Ethereum, and store funds in specialized wallets. Users of nodes are also rewarded with coins for performing calculations when performing financial transactions. An internal transaction value tool (GAS) is used to eliminate on-site spam and allocate assets as requested.

The site is a decentralized virtual machine that is capable of executing scripts using an international network of publicly available nodes. The platform appeared as a result of the DAO hack and is a fork of the original Ether. After the attack, a decision was made to conduct a hard fork, which invalidated the damaged transaction and formed a new blockchain model. But not all users agreed with this decision, so some of the clients continued to work on the original basis. That is, the project considered in the material uses the same old blockchain at work.

The site is intended for the creation and development of new open source applications. The resource produces cryptocurrency, due to which users get the opportunity to create their tokens based on the information blocks of the classic Ether. In terms of its scale, the project is inferior to the original Ethereum. And to some extent this is its advantage, which is beneficial for application developers choosing a platform for work.

As for the mining organizations, they contribute to maintaining the independence and decentralization of the Classic version. Also, which is important, they help stabilize the value of the coin in the market. The project is one of the ten largest sites in the industry in terms of market capitalization. The turnover of funds today is about 97 million tokens. At the same time, getting an asset is available to everyone as easy as the popular Bitcoins all over the world. 

Today, several teams are working on the network at once:

1. ETC Dev Team - This group is led by Igor Artamonov. She works on the main client of the Classic Geth system. In addition, the team creates several other projects completely from scratch - Emerald Platform, Emerald Wallet. She is also developing a virtual machine called SputnikVM.
2. IOHK - The team is led by Charles Hoskinson. The group has been working on the further development of the classic Ether since December 2016.
3. Ethereum Commonwealth - This organization collects funds and assets for product development to improve and modernize the project. The activity is carried out using ICO. The team itself was founded by a confidential person under the nickname Dexaran. The same group is developing the DexNS smart agreement system and token standards.

That is, in principle, there is no one leader in the company. Leadership responsibilities are evenly divided among the core development teams, each of which contributes. This configuration of the head department was created for a reason. After all, the main idea of the project as a whole is the embodiment of independence and decentralization, and such an order means to be a truly decentralized movement. At the same time, any user can become a member of the project development department. Clients have the opportunity not only to join the work on the modernization of software, but also to help in drafting documents, financial materials, conducting trading events, developing mining farms and the like. 

Ethereum Classic history

When choosing and studying cryptocurrency as a candidate for a resource for work or investment, it is important to know where a project came from in general on the market. The history of Ethereum Classic does not begin with him at all, but with the previous site.

Initially, Ether was proposed by Vitalik Buterin, the man who founded the Bitcoin Magazine, known to all traders. The first idea was put forward at the end of 2013, and already on July 30, 2015, the network was completely ready for operation and put into operation. Since entering the market, the resource has shown itself on a positive side, arousing interest not only among new start-up projects, but also among large investors. 

However, in June 2016, an extremely unpleasant incident occurred. An error was found in the code of The DAO. On June 16, a vulnerability of the platform for autonomous investment capital management led to a hacker attack. Unidentified persons have moved more than a third of all assets in the amount of US $ 50 million to the storage facilities under their control. But the device of the wallets and the system itself did not allow them to immediately withdraw these funds. The translation was only available a month later.

Ethereum management was thinking about how to return the invested capital to investors and resolve this unpleasant incident in general. As a solution to the problem and to save funds in the future, the developers and founders of the platform decided to change the blockchain and return the stolen money. But not everyone agreed with this course of events. Some believed that the information chain should remain unchanged and secure.

As a result of the split of opinions, the platform was divided. That is, two projects were born from the original Ethereum - Ethereum Classic and Ethereum. The adherents of the classic resource continued to mine coins based on the old blockchain, while others started working on the new one created as a result of the hard fork. But it is worth noting that during the fork, the capital of each investor doubled, as a result of which many continue to use both sites.  

Distinctive features of Ethereum Classic

Ethereum Classic is not quite like regular altcoins or the same glorified Bitcoin . Therefore, it is important to understand what is special about this cryptocurrency in general. This will help you understand the advisability of investing in the coin and the convenience of working on its site.

Specialists of the cryptographic market attribute the following characteristics to the features of this resource:

1. Smart contracts are an agreement to sign and enforce terms that are governed and controlled by specialized software. The digital mechanism follows the instructions precisely, so no intervention is possible. This guarantees transparency of the transaction between traders and the honesty of the parties.
2. The Solidity DApps programming language is the standard programming language used to create Ether. Used to develop self-executing contracts and was created as part of a project.
3. Untouched transaction history - as a rule, this indicator is responsible for the reliability of the blockchain. Such an information chain is considered "untouchable", that is, something that remains unchanged. But forking can lead to adjustments. This is exactly what happened after a hacker attack in 2016. However, the history of the transaction still remained untouched, except for one point: the fork took the stolen investment money from the hacker and placed it in a refund deposit.
4. Well-functioning infrastructure - the data center is located in Europe, America and Asia. Moreover, it is a real physical server protected from DDOS attacks.
5. Nicehash support - resource integration provides a dedicated port, full compatibility with the Nicehash version of the stratum protocol, and the presence of recommended pools in the list.
6. Email and Telegram notifications - the system notifies users by sending notifications about new blocks. Also, the results of monitoring the state of workers, which are free for any number of farms, are sent via communication channels.

Summing up the general results, it should be said that a digital coin is a decentralized platform on the basis of which smart contracts operate. At the same time, they function completely freely, without censorship and are accurately executed by the prescribed software without delay or anyones participation (interference). That is, the human factor is 100% excluded and has no effect on the performance of the network. This is the main idea of using the system.  

It is also noteworthy in its work that the cryptocurrency resource uses the postulates that are placed on the main page of their site, where each user can familiarize themselves with them. The principles of activity include such qualities as unchangeable and not subject to censorship. That is, the idea of complete freedom is embodied on the site. But classic Ethereum differs from others in several other features:

1. Security - the level of security of the resource is high, since, despite numerous attempts at hacking, the network continues to work stably without failures and delays.
2. High trading volumes - the indicator is quite high against the background of other participants in the stock market. Moreover, in some periods the turnover grows even more than that of the main competitors.
3. Limited issue - the issue of assets is limited, which will not allow coins to depreciate.
4. Ether Classic can be easily exchanged for fiat funds, because for this you do not need to convert them to BTC.

So, due to these parameters, Ether is a special asset that is firmly rooted in the field and, according to analysts, will be among the leaders for more than one year.

Difference between Ethereum Classic and Ethereum

After the division of the platform into two sites in 2016, the resulting resources are actively used by a large number of users. But is there any difference between them and what exactly it is not clear to everyone. Therefore, when studying a coin, it is important to understand which one suits best.

Lets start with a common criterion for both cryptocurrencies - blockchain . In principle, it is identical. That is, the informative blockchain Ethereum Classic is the same with the Ethereum blockchain, but the truth is up to a specific block number 192000, in which a hard fork was carried out during a hacker attack. The classic version is a continuation of the original blockchain of the first Ether with an intact history of transactions. This explains one of the main principles of the project. The founders are proud that the resource is completely free from outside interference.

Also, the similarity of both sites lies in the mechanism of operation, which is identical, namely the activation of decentralized applications based on its own digital machine. And the areas of use of tokens are the same - for coins of cryptocurrencies you can purchase other assets and pay for the formation of smart contracts.

As for the difference between the two resources, it lies in the very ideology of functioning. All distinctive features can be divided into several groups:

1. Intervention in the informative blockchain. In Ethereum, the blockchain can change. That is, if it is necessary to make adjustments, a vote is taken, and if there is a majority of votes "For", a change regarding any nuance is recorded in the register. As for the classic version of Ether, everything is the other way around, that is, the blockchain does not change. It is impossible to edit information from the register.
2. Making decisions. The original Ether was powered by decision making from the Ethereum Foundation development company with initiative from the netizens themselves. But that is not how the Classic offshoot works. The solutions in it are discussed by community members and the leaders of the development department themselves. That is, in this project, the collective solution of issues prevails.
3. Vector of development and modernization. The original Ethereum attracted a large number of developers to the project, which eventually became more than the users themselves creating applications. But Ethereum Classic is aimed precisely at creating secure intellectual agreements. The number is not important to the user. The main thing is the security of the application launch (the higher the protection, the better).
4. Digital coin policy. In the first version of the resource, the total emission of cryptocurrency was unlimited, that is, the number of assets was not limited by the creators. This arrangement of the sites operation led to inflation (3% annually). As for the classic version of the platform, then the emission has boundaries, namely 210 million ETC. Every year inflation will be about 3%, but from 2025 the surplus coins will be withdrawn from circulation.

There are some other minor technical differences. So, for example, the Classic has a higher bandwidth. That is, the resource can process up to 25 transactions per second, in contrast to the first Ether, whose indicator is 15.  

Projects differ in the level of complexity of mining coins. Ethereum Classic is much easier to mine, because the process does not require large computing power or large farms. A good computer equipped with a quality video card is enough. 

How Ethereum Classic works

Before deciding whether to work on the platform or whether to invest in it, it is advisable to understand the principles of its operation. Ethereum cryptocurrency is a decentralized programmable blockchain, just like Ether. Coins can be found on most exchanges, and the project itself offers the same functionality of decentralized applications and self-executing agreements.  

Ethereum Classic is intended to address the same issues as the original resource. The list of tasks includes: the end of financial transactions, decentralized management, applications that are activated according to software settings without the participation of anyone.

What is characteristic of the Classic version is that the site works according to the principles that were compiled and developed by the creators of the project themselves:

1. Objectives. The platform administrators are convinced that the project is intended for the main purpose - the preservation of the informative block chain in its original original form. They want to offer an alternative for those users who do not support persisting an abstract database interface and pulling a new resource.
2. Ideology. In addition, the developers themselves believe in the future and prospects of classic Ethereum and the blockchain, which are protected from censorship norms and are open to everyone. That is, complete freedom. Administrators focus on the primary concept of Ether creation, according to which it was impossible to rewrite or format the results of smart contracts. One of their main goals is the separation of duties and responsibilities. In addition, they assure that there is no need to eliminate defects in the form of erroneous agreements or give special encouragement to privileged traders. The main slogan of the organization is: "The code is the law."
3. Motivation. To move further in the market, the developers have provided a schedule for the hard forks. This will create a truly secure list of applications that are not afraid of censorship.

You can also familiarize yourself with the principles of the site on their official website, where on the main page the developers have published all their main provisions of the ideology and goals of the project. 

Ethereum Classic advantages and disadvantages

According to experts in the cryptographic currency field, ETC has a number of its advantages and disadvantages that must be considered when planning cooperation with the platform. The list of advantages is quite impressive and includes the following provisions:

1. The site fully retained its focus on decentralization and provided free choice of the market.
2. Warranties are what is important for every client. Therefore, the resource guarantees complete safety. Despite the large number of fraudulent attempts and hacker attacks, the system continues to function stably.
3. Trade volumes are growing steadily. And since its appearance on the cryptocurrency market, the coin has more than once exceeded its first predecessor in terms of sales.
4. The advantages also include the fact that you can exchange assets for real money on many exchanges, and at the same time, conversion to BTC is not required .
5. The established emission indicator guarantees the demand for the coin and its protection from full inflation.
6. Ethereum Classic is based on the observance of the principles of the ideology of decentralization and the free chain of information blocks.
7. The resource provides a large number of possibilities for mining, which does not require large computing power or specialized equipment.
8. Financial transactions are carried out quickly and much faster than the first version of Ether.
9. The site participates in the development of the official Ethereum Classic Investment Trust investment fund.

Even in spite of the fact that initially the system experienced difficulties due to lack of funds, it still showed itself on the market and attracted the interest of many foreign investors.

However, despite the impressive list of positive characteristics, the cryptocurrency project also has a number of disadvantages. The disadvantages of the system include the following factors:

1. Lack of access to new Ethereum updates.
2. There is no support from the largest participants in the cryptocurrency field.
3. Often exposed to hacker attacks and fraudulent schemes.
4. The pace of development is rather low against the background of the rapid rise of the first Ether.
5. In its activities, it still uses a rather outdated Proof of Work algorithm.

Also, at the very beginning of the working path of the system, there was another significant drawback. It consisted in the fact that most of the influential members of the project team, for example Vitalik Buterin, took the side of the new modernized Ether. An offshoot of the Classic remained virtually without patrons. But over time, a fairly wide circle of interested investors formed around the site, which promoted the company.

Mining Ethereum Classic

Most users are interested in the issue of mining digital coins, because it is this process that determines their profit and the size of the deposit. Ethereum mining is of great interest among traders, because obtaining assets of this cryptocurrency does not require special conditions, such as for Bitcoin or the first Ethereum.

This project preserves the original, censorship-resistant, unmodified and decentralized Ether. However, miners do not need to form huge farms, purchase expensive equipment with large capacities, pay impressive electricity bills and endure such expenses. To mine assets, a normal average computer and an outlet are enough.

In the process, each participant or miner uses mining pools - these are special servers that distribute the calculation of blocks between clients (for example: Digger, Nanopool, Gpuminer, MinerGate, EthTeam). Single mining, of course, brings a lot of profit, but due to the pools, profit will be more frequent. But its worth remembering that each server has its own fees.

Project Classic operates on the basis of the Dagger-Hashimoto algorithm, which is also featured in Ethereum, Expanse, Pirl, Musicoin and others. That is, ordinary PCs with AMD and Nvidia graphics cards are suitable for normal stable mining. However, their size should not be less than 3 GB.

To make money, the site provides users with the opportunity to cloud cryptocurrency mining. This type of production is currently the most profitable financially. In fact, the process is not much different from similar procedures with other coins. First, the miner must create his own farm with video cards, which is suitable for mining and any other assets. If possible, you can simply purchase a ready-made version on the Internet. Further - a matter of time.

The coin in question is quite promising, which is not much inferior to the original site. At the moment, the cost of Ethereum is growing rapidly. Extraction is available to all interested customers with the necessary equipment. 

How to buy or sell Ethereum Classic?

If the user is interested in the coin as an investment resource or plans to trade in tandem with this asset, then buying this digital currency is available in most major exchanges. For example:

1. Bitfinex is one of the largest cryptocurrency exchanges with a high level of liquidity. The system also supports more coins and tokens from the top lists. The platform offers margin trading and a functional terminal. A pair of Ether Classic and Dollar is always available.
2. Binance is a stock exchange that supports a wide range of languages, which includes Russian. The resource contains over 100 currency pairs. Tether, BTC and ETH are available for Classic. Also, users can use the mobile or desktop version.
3. "Okex" - this resource is one of the exchanges with the largest daily trading volume. Suitable for large members due to low commissions for large amounts.
4. Bitforex is a relatively new platform from China. It is characterized by a low commission and currency pairs of any coin with Tether. It is also one of the most active exchanges where classic Ether is traded.
5. Bit-Z is a resource from China that actively works with Classic pairs. The main advantages of working with an exchange are low fees and social promotions.

For those who are interested in the Ethereum Classic exchange , the Internet offers several profitable options:

1. Exchangers are one of the most affordable and fastest ways to purchase a digital coin or convert it to the desired equivalent. The main feature of such services is the prompt servicing of even small orders. That is, if necessary, everyone can quickly and profitably exchange even a few Ethereum Classic coins.

Our service also works with this cryptocurrency.

Here are the popular directions for buying Ethereum Classic cryptocurrency:

• Sberbank → Ethereum Classic (ETC) ;
• Qiwi RUB → Ethereum Classic (ETC) ;
• Yandex Money → Ethereum Classic (ETC) ;
• Bitcoin → Ethereum Classic (ETC) ;
• Tinkoff → Ethereum Classic (ETC) .

2. Exchanges - these sites also convert any digital funds. For example, the popular American services Poloniex, Gdax are identical in principle to Forex exchanges.

It is also worth mentioning the fact that purchasing Classic coins for real money is even a little easier than, for example, the same assets of the first Ethereum. For example, it is available in such services: "Bittfinex", "Exmo", "Exrates", "C-Cex" (on this resource, the purchase is real for US dollars and euros), "BTC Trade UA" (here they buy for hryvnia). You can make a purchase for another digital currency or exchange it for any coin on almost all popular exchanges (OKEx, Poloniex, Cryptopia, UpBit, Bittrex, HitBTC).

Ethereum Classic rate to ruble

The rate of development of the Ethereum Classic rate against the ruble for the entire period indicates that this digital coin is in development. At the same time, with insignificant drops in quotations, as a rule, an increase in value follows. This is quite beneficial for depositors and users performing exchange conversions.

To date, the weighted average cryptocurrency rate is 367.28 RUB for one Ethereum Classic.

Ethereum Classic to USD

The Ethereum Classic rate to the dollar has undergone minor changes over the entire existence of the site. So, initially appearing on the market, the coin cost 75 cents. But by the middle of summer, the cryptocurrency reached the level of 2.76 USD. At the same time, the turnover was 143 million.

This takeoff was followed by a period of stagnation. The price remained fixed, and the average daily trading volume did not exceed several million dollars. But in April 2017, the quotes were firmly rooted in the stock market, and in May the cost per asset reached 7.58 USD. So, within a short time, the price began to grow steadily, and at the beginning of the summer one Ethereum Classic cost $ 24. But this quotation did not last long. Further dynamics until today has shown itself to be a constantly changing course, although there is a positive growth in value. 

Today the price for one coin is 5.857 US dollars.

Ethereum Classic to Euro

The dynamics of changes in the value of the European currency is not much different from the fluctuations in relation to the dollar. According to analytical data, insignificant fluctuations in value were observed over the entire operating time of the platform. At the same time, there is a positive change in price, which indicates the effective work of the resource. To date, the Ethereum Classic exchange rate in euros is 5.28 per coin.

Where to store Ethereum Classic

Most users wonder where is the best place to store Ethereum Classic after enough funds have been mined. For this, the developers provide various types of wallets. Each of them has its own characteristic features, which allows traders to choose the storage according to their goals and preferences. The following wallets are available for site clients:

1. Ethecore Parity is a more updated version of the Ethereum Parity wallet. The resource was created and developed by Gavin Wood.
2. Classic Ether Wallet - this storage is a fork of the popular MyEtherWallet project. Therefore, the functions presented on the site are similar to the original version. Customers also have the opportunity to access the Classic Ether Wallet. In this case, the entrance is carried out through a browser or application.
3. Mist - also supports the digital currency in question. The resource was created by the Ethereum Foundation team. Also, if necessary, there are a large number of project forks offering the same functionality.
4. Ledger Nano S - according to experts, this resource is the most reliable method of storing assets. This is because storage is a cold wallet. So scammers or anyone else have no chance of gaining access to savings.

In addition, it is worth mentioning that there are more than one type of digital money storage. According to their device and configuration, wallets are divided into:

1. Desktop - These resources are designed to work on a computer or laptop. In order to start using them, the user must download the program to his PC. This is a rather long process that can take several days, but after installation, the system is synchronized with all financial transactions carried out on the blockchain.
2. Mobiles are lighter versions of cryptocurrency wallets designed for mobile gadgets. To start using them there is no need to download and install dimensional software. However, compared to the previous type, such storages are less reliable and protected.
3. Gadget wallets - represent the category of the most reliable money storage. In order to use them, there is no need for an Internet connection. The only drawback of the resource is limited access to the blockchain, which does not allow the use of cryptocurrency frequently.
4. Paper ones are also a fairly reliable method of keeping assets. The principle of operation of the resource is that the client writes down the access key or QR code on paper and restricts access to the record. The advantage of such a system is that there is no threat of a virtual attack or disruption to the system. However, the main disadvantage is the possibility of losing records.

As a rule, in order to register a wallet, it is enough to go to the site, come up with account details and confirm the user agreement. After that, the user receives a file with an access key, which must be securely saved and not transferred to anyone from unauthorized persons. After that, the client will also receive a code to enter the personal storage. The main thing is not to lose valuable data, because it will be impossible to recover it.   

How much is Ethereum Classic in total

Some participants in the cryptocurrency business are interested in the question of how much Ethereum Classic is in the stock market. After all, they can be mined, and the issue was not limited for some time. Analysts say that today there are about 112,526,592,000 coins in circulation.

Ethereum Classic emission

Initially, the Ethereum Classic issue was not limited by any limit. But due to the hard fork held on December 11, 2017, the limit for the issue of currency coins was set at 210 million units. All of them must be in circulation until 2015, and after that the extra coins will be removed from work. By the way, the famous Bitcoin has the same set limit on the issue of assets.

The main goal of such innovations was the desire of developers to make the digital asset more attractive to investors and users. And this decision fully justified itself, because after the update was released on the market, the demand for the coin increased significantly. This also led to an increase in quotations. Such a positive attitude of the dynamics led to the fact that the price rose by 300%. This leap took place during the Hong Kong summit. So if earlier the cost per asset averaged $ 9-12, then after this fork the price increased to $ 30. The growth in trading volumes was mainly provided by the exchange platforms of South Korea.

The main token of Ethereum Classic is Ether Classic. When conducting internal financial transactions, gas is used, which sets the transaction commission (we wrote about transactions here ). The collection is evenly distributed among the earners. The system also protects the entire platform network from the spread of spam.  

What is provided with Ethereum Classic

Considering classic Ethereum as a means for investment or a working instrument in the stock market, it is advisable to take into account the main technical parameters of the resource.

The cryptocurrency project system is an open source network. It includes tools for building decentralized applications that work through integrated smart contracts. At the center of the entire site is the Sputnik virtual machine, created on the basis of an abstract algorithm. It is also worth considering that for the comfort of the developers themselves, the Emerald Software Development Kit and the Geth environment are available. Proof of work is used to sign the informative chain blocks.

The future of Ethereum Сlassic

For investors and network users, the main question in determining the feasibility of investments remains unchanged. Does the digital currency under consideration have any prospects and can it be included in the cryptocurrency portfolio of the next year? According to experts and analysts in the cryptographic sphere, the future of Ethereum Classic is quite promising.

Since its first appearance in the field, the coin has become quite common in the crypto community. It could be easily purchased or sold on all popular exchange platforms that dealt with such world-famous assets as Bitcoin. Basically, experts agree that this development of the resource and its future is due to the inviolable rules laid down in the project:

• it is an open platform for everyone who does not reiterate the principles of the project;
• the network is used to create decentralized applications using smart agreements;
• code - stands at the head of the system;
• all the adjustments you make are only necessary to upgrade the network.

Thanks to the last item in the list, all hard forks with Ethereum Classic were carried out. The main goal was to improve and improve the protocol, which eliminated a number of shortcomings. Thanks to this approach, the system becomes more reliable and modern, and this in turn gives it a place in the market as one of the cryptocurrency leaders.

At the moment, analytical reports say one thing - Ether Classic is worth your attention. The assets have great potential, which is even more ambitious than the original version. This is due to the presence of a limited emission of coins, the reliability of the software, the rich functionality of the resource.

Of course, not everything is so simple, because there are also difficulties in development. One of them is that the platform uses a previously hacked blockchain as a basis, and the development team is not as active and influential as the leadership of Ether. Therefore, most likely, the dynamics of development will be quite calm, that is, not as fast and impetuous as many users would like. However, there is progress and this is the main thing.

Ethereum Classic projects

Ether Classic hard forks are not a division of the network, as some believe, they are only new projects created to improve the current version of the system. On January 13, 2017, the developers were able to eliminate the so-called "difficulty bomb", which was provided for the transition to PoS mining. On December 11, 2017, a limited supply of coins was introduced.

But one of the most promising projects is Callisto Network, activated in March 2018. The name means the name of one of the moons of the planet Jupiter. But the project itself is not just a fork, but a whole sidechain (a chain of blocks for modernization). The new platform has its own CLO token. When creating the resource, the developers used the source code of the Ethereum Classic, but Calisto itself is an independent blockchain that is simply integrated with the main informative ETC chain. But at the same time he has his own block of genesis.

Another more modern project, forked on January 11, 2019, is called Ethereum Classic Vision. The resource is a blockchain platform for creating decentralized applications. The project provides for the availability of its own currency ETCV.