Ethereum Classic (ETC): The Original Blockchain with the "Code is Law" Principle! 💎📜
Ethereum Classic (ETC) is the original, unaltered version of the Ethereum blockchain, which continues its existence after the contentious hard fork of 2016. ETC adheres to the principle of "Code is Law," which means strict adherence to the rules of the protocol without human intervention, even in critical situations.
Origin: ETC emerged as a result of the hard fork following the DAO hack in 2016. The community was divided: the majority voted to roll back the blockchain's history to return the stolen funds (this became Ethereum/ETH), while the minority decided to continue working on the original, unaltered chain (Ethereum Classic/ETC).
Philosophy: For supporters of ETC, immutability of the blockchain is the highest principle that cannot be violated, even for the sake of correcting mistakes.
Goal: ETC aims to provide a reliable and censorship-resistant platform for decentralized applications, where code is the sole authority.
Ethereum Classic represents an important milestone in the history of blockchain and serves as a reminder of its foundational principles.