About Ethereum Classic
Ethereum Classic is a decentralized platform for running smart contracts, and started as a fork of the Ethereum Blockchain.
In June 2016, a hack on Ethereum of over $50 million worth of funds happe
ned, which prompted the developers to fork the Blockchain. This was necessary so the affected parties could be reimbursed the stolen funds based on the records prior to the hack.
Ethereum Classic is another result of the fork, and it has been present ever since. Ethereum Classic boasts the core value of the blockchain : immutability ; valid transactions cannot be tampered or erased in any way.
“Code is Law” is another principle that Ethereum Classic holds near, and you can be sure that entering any smart contract on this platform will not be tampered in any way shape or form by the network it is run on.
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