Ethereum Classic (ETC) is the original version of the Ethereum blockchain. Originating in 2016, following the DAO incident that led to the theft of funds, Ethereum underwent a hard fork to fix the vulnerability, splitting into Ethereum (ETH) and Ethereum Classic (ETC). ETC adheres to the concept of decentralization, refusing to alter historical blocks, and advocates that 'code is law'.

Core Features:

Decentralization: ETC maintains an immutable blockchain history, emphasizing tamper-resistance and fidelity to the principle of 'decentralization'. Smart Contract Support: Similar to ETH, ETC supports the development of smart contracts and DApps. Although the Ethereum ecosystem is larger, ETC still attracts some developers. Miner Rewards: The reward for each block is 4 ETC, with a block time of approximately 13 seconds, using the PoW mechanism.

Challenges and Prospects:

Technological Lag: ETC's technological updates are slow, failing to implement PoS or sharding technology like Ethereum, leading to a decline in competitiveness. Security Issues: The small community size makes ETC vulnerable to 51% attacks, and its security has been tested. Market Positioning: Although ETC adheres to the 'decentralization' principle, its market share continues to shrink, lacking support from new technological innovations.

Summary:

ETC is committed to maintaining the principles of decentralization and blockchain immutability. Despite slow technological development, it remains a choice for supporters of decentralization principles. For investors who value these ideals, ETC still holds a certain appeal.