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

Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery...

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This discussion between @PrestonPysh and @JasonPLowery is extremely important.