Ethereum Classic is a blockchain platform with smart contracts. The native cryptocurrency of the project is traded under the ticker ETC. The project appeared as a result of the split of the Ethereum community after a hard fork conducted due to the hacking of The DAO in 2016. The peculiarity of Ethereum Classic is the preservation of the original Ethereum architecture, in particular, the preservation of the Proof—of-Work consensus algorithm.

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Ethereum Classic

Bob Summerwill

POS systems are nothing new. All existing systems are POS in some form. POW is the revolution and something you just cannot replace.

- @BobSummerwill