$ETH ETC or Ethereum Classic is a blockchain platform that forked from the Ethereum main code and operates as an independent cryptocurrency. To better understand how ETC works, let’s go over some key points:

1. History and Origin:

Fork: Ethereum Classic was created in 2016 after a major hack of The DAO (a decentralized autonomous organization). Following this hack, the Ethereum community decided to create a fork to revert the hacked transactions. As a result, two independent blockchains were created: Ethereum (ETH) and Ethereum Classic (ETC).

2. Blockchain Technology:

Blockchain: ETC, like other cryptocurrencies, works on blockchain technology. Blockchain is a distributed ledger that records all transactions in an immutable manner.

Smart Contracts: ETC also supports smart contracts. These contracts are codes that are automatically executed under certain conditions.

3. Consensus Mechanism:

Proof of Work (PoW): ETC uses the Proof of Work consensus mechanism, which means that miners must use their computing power to solve complex mathematical problems to add new blocks to the chain.

4. Support and Community:

Community: ETC has an active community that helps develop and maintain the platform. This community is based on the principles of decentralization and immutability of transaction history. I'm here to help!