what is ether classic?-Definition of all finance terms

Definition of Ethereum Classic

Ethereum Classic is a common cryptocurrency that is an open-source platform based on blockchain technology. It facilitates people or their users by providing a decentralized application. In addition, it provides a cryptocurrency value token which is known as “CLASSIC ETHER.”

Brief Explanation

Ethereum Classic and Ethereum are similar in many ways as they also provide different functions like ratifying accounts and amounts and so-called states.

More importantly, the ethereum classic doesn’t only deal with an exchange of money but with complex programs as well. It is a traditional application based on the blockchain where the lost funds or amounts are never returned to their customers or owners of ether, unlike ethereum.

All of these flexible factors make it, the most accurate instrument for blockchain-based technological applications.

Ethereum replaced many of the servers in this technological world with different nodes. There are different volunteers all over the world running the replaced nodes.

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