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| Version | Summary | Created by | Modification | Content Size | Created at | Operation |
|---|---|---|---|---|---|---|
| 1 | Camila Xu | -- | 1798 | 2022-10-11 01:38:34 |
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Ethereum Classic is an open source, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions executed on a public Ethereum Virtual Machine (EVM). Ethereum Classic maintains the original, unaltered history of the Ethereum network. The Ethereum project's mainnet initially released via Frontier on 30 July 2015. However, due to a hack of a third-party project, the Ethereum Foundation created a new version of the Ethereum mainnet on 20 July 2016 with an irregular state change implemented that erased The DAO theft from the Ethereum blockchain history. The Ethereum Foundation applied their trademark to the new, altered version of the Ethereum blockchain; Ethereum (code: ETH). The older, unaltered version of Ethereum was renamed and continued on as Ethereum Classic (code: ETC). Ethereum Classic's native Ether token is a cryptocurrency traded on digital currency exchanges under the currency code ETC. Ether is created as a reward to network nodes for a process known as "mining", which validates computations performed on Ethereum Classic's EVM. Implemented on 11 December 2017, the current ETC monetary policy seeks the same goals as bitcoin of being mechanical, algorithmic, and capped. ETC can be exchanged for network transaction fees or other assets, commodities, currencies, products, and services. Ethereum Classic provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. The virtual machine's instruction set is Turing-complete in contrast to others like bitcoin script. Gas, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
References
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- Vigna, Paul (1 August 2016). "The Great Digital-Currency Debate: 'New' Ethereum Vs. Ethereum 'Classic'". News Corp. https://blogs.wsj.com/moneybeat/2016/08/01/the-great-digital-currency-debate-new-ethereum-vs-ethereum-classic/.
- Leising, Matthew (13 June 2017). "Ether thief remains mystery year after $55 million heist". Bloomberg News. https://www.bloomberg.com/features/2017-the-ether-thief/.
- Popper, Nathaniel (2016-05-27). "Paper Points Up Flaws in Venture Fund Based on Virtual Money" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2016/05/28/business/dealbook/paper-points-up-flaws-in-venture-fund-based-on-virtual-money.html.
- Andreas M. Antonopoulos, Gavin Wood (2018): "Ethereum timeline". In Mastering Ethereum: Building Smart Contracts and DApps, page 329. O'Reilly Media; 424 pages. ISBN:9781491971918 https://books.google.com/books?id=nJJ5DwAAQBAJ&pg=PA329
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- Matthew Leising (2017-06-13): "The Ether Thief". Online article, Bloomberg. Accessed on 2019-02-16. https://www.bloomberg.com/features/2017-the-ether-thief/
- "Ethereum Classic faced '51 percent attack'" (in tr). Bloomberg HT. 31 August 2020. https://www.bloomberght.com/ethereum-classic-yuzde-51-saldirisi-ile-karsi-karsiya-kaldi-2263314.
- "Blockchains: The great chain of being sure about things". The Economist. 31 October 2015. https://www.economist.com/news/briefing/21677228-technology-behind-bitcoin-lets-people-who-do-not-know-or-trust-each-other-build-dependable. "The technology behind bitcoin lets people who do not know or trust each other build a dependable ledger. This has implications far beyond the crypto currency."
- Narayanan, Arvind; Bonneau, Joseph; Felten, Edward; Miller, Andrew; Goldfeder, Steven (2016). Bitcoin and Cryptocurrency Technologies: a Comprehensive Introduction. Princeton: Princeton University Press. ISBN 978-0-691-17169-2.
- Iansiti, Marco; Lakhani, Karim R. (January 2017). "The Truth About Blockchain". Harvard Business Review (Harvard University). https://hbr.org/2017/01/the-truth-about-blockchain. "The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way."
- Popper, Nathaniel (27 March 2016). "Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin's". The New York Times. https://www.nytimes.com/2016/03/28/business/dealbook/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html.
- Wood, Gavin (3 February 2018). "ETHEREUM: A SECURE DECENTRALISED GENERALISED TRANSACTION LEDGER (EIP-150)". http://yellowpaper.io.
- Pearson, Jordan (27 July 2016). "The Ethereum Hard Fork Spawned a Shaky Rebellion". Motherboard. https://motherboard.vice.com/en_us/article/the-ethereum-hard-fork-spawned-a-shaky-rebellion-ethereum-classic-etc-eth.
- Primavera De Filippi (11 July 2016). "A $50M Hack Tests the Values of Communities Run by Code". Motherboard. https://motherboard.vice.com/en_us/article/thedao.
- Russon, Mary-Ann (30 June 2017). "Classic Ether Wallet has been hacked – do not use it to send currency". International Business Times. https://www.ibtimes.co.uk/classic-ether-wallet-has-been-hacked-do-not-use-it-send-currency-1628479.
- Kharif, Olga (7 January 2019). "Ethereum Classic Movements Halted by Coinbase on Signs of Attack". Bloomberg. https://www.bloomberg.com/news/articles/2019-01-08/ethereum-classic-movements-halted-by-coinbase-on-signs-of-attack.
- Goodin, Dan (7 January 2019). "Almost $500,000 in Ethereum Classic coin stolen by forking its blockchain". Ars Technica. https://arstechnica.com/information-technology/2019/01/almost-500000-in-ethereum-coin-stolen-by-forking-its-blockchain/.
- Berbedj, Loana (17 August 2020). "Ethereum Classic cryptocurrency victim of two computer attacks in one week" (in French). https://www.lesechos.fr/finance-marches/marches-financiers/la-cryptomonnaie-ethereum-classic-victime-de-deux-attaques-informatiques-en-une-semaine-1232959.
