How does Ethereum Classic (ETC) work as a decentralized cryptocurrency?

1 answers

• Doris LauNov 01, 2020 · 5 years ago
  As an expert in the field, I can tell you that Ethereum Classic (ETC) functions as a decentralized cryptocurrency by leveraging the principles of blockchain technology. It operates on a network of computers, known as nodes, that work together to validate and record transactions. These transactions are then added to a public ledger, called the blockchain, which is accessible to anyone. This decentralized approach ensures that no single entity has control over the network, making it resistant to censorship and manipulation. Users can transact with ETC directly, without the need for intermediaries, and can also participate in the governance of the network through voting on proposals and protocol upgrades. Ethereum Classic (ETC) provides a secure and transparent platform for decentralized applications and financial transactions.
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