what's Ethereum Classic?
Ethereum Classic is the original, immutable Ethereum blockchain that rejected the 2016 hard fork following the DAO hack. It upholds core principles of decentralization, security, and "code is law," refusing to retroactively alter transaction history despite the exploit's impact. ETC is the native proof-of-work cryptocurrency securing the network through mining rewards and transaction fees. Fully EVM-compatible, it supports smart contracts, dApps, and DeFi while prioritizing censorship resistance and long-term stability over changes.
Ethereum Classic was created in 2016 following a split in Ethereum after The DAO attack.
Market exhibits signs of late-cycle speculative behavior with increased retail longing activity.
New Bitstamp listing via Robinhood, excluding US market access.
Deep exchange liquidity and established trading ranges make the asset attractive for institutional capital rotation, particularly during high volatility periods.
Referenced regarding burn rate metrics being lower than a startup's.