Cryptocurrency (crypto) is a digital currency. It works through a computer network to serve as a medium of exchange. This currency is not reliant on any central authority, such as a bank or a government, to maintain it.
Over 100 million people worldwide have been using cryptocurrency – Why not you? Let’s join them! Explore the best ETC wallet and discover how easy it is to transact with cryptocurrency.
If this is your first experience with crypto, don’t worry; ETC Wallet makes things straightforward, intuitive, and beginner-friendly. There are many of the best ETC wallets online to facilitate newbies and pros. Let’s learn all about ETC wallet.
What is Ethereum Classic (ETC)?
Ethereum Classic is an open-source, blockchain-based computing platform that publicly features smart contract functionality for users. It is an extension of the same Ethereum network launched in 2015. Offering a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine executes data(scripts) using a global network of public nodes.
After the DAO hack, the “hard fork” by most of the Ethereum community split the platform into two parts, Ethereum and Ethereum Classic. The “hard fork” was executed at Block 192000 (on the Ethereum blockchain). The objective was to restore the investors’ finances in the DAO (Decentralized Autonomous Organization) as well as the reputation of the platform.
It demonstrates the platform’s commitment to addressing critical issues within its ecosystem.
So, the Ethereum Classic operates on the same principles as the original Ethereum blockchain. It puts the code first, and if there are any flaws or vulnerabilities, they cannot be resolved with forks to secure the integrity of the code.
The team of experts behind ETC wants to maintain absolute immutability without any human intervention at any price. The principle objective and essence of Ethereum Classic remains the same: to provide a handy solution to smart contracts and DApps (decentralized applications).
How does it work?
Ethereum Classic is a programmable, decentralized blockchain that originated from the original Ethereum (ETH). It is traded on crypto exchanges and offers smart contracts like Ethereum and the same functionality as decentralized apps. It is also written in the same language called Solidity (smart contracts language).
Solutions with Ethereum Classic Wallet, ETC Wallet
Ethereum Classic offers many solutions related to digital assets or cryptocurrencies. The list is a bit long; check it out below:
- Decentralized Governance
- Transactional Finality
- RunnAplications with no downtime
- Saves you funds
- No third-party interference
How do you secure your Ethereum Classic Wallet?
If you receive any messages or emails asking for your wallet information, never leave it unchecked. Doing a thorough verification of the source is a must. Always try to open the secure and trusted links and avoid the suspicious ones.
It’s important to note that the official Wallet teams will never contact you asking for your private keys or secret phrase. In case of discomfort or doubt, reach out to the support team.
FAQs related to ETC Wallet Download
How can I get an Ethereum Classic wallet (ETC Wallet)?
Several well-known ETC wallets are readily available online. It has made storing your ETC coins or many other cryptocurrencies easy with an ETC online wallet!
What is Ethereum Classic (ETC)?
ETC token is the native token of Ethereum Classic. It is a decentralized and censor-resistant blockchain, say a copy of the original Ethereum network. They are committed to code integrity and immutability, preserving the decentralization and reputation of the platform. The platform provides an ETC wallet address to make transactions.
Is ETC compatible with ETH?
You still need to choose the ETC wallet explorer! ETC is a continuation of ETH, originated by a hard fork of ETH. It is entirely compatible with ETH.
What is the best Ethereum Classic wallet?
There can be multiple parameters to consider that suit your needs. So, it’s more complicated to say any wallet is the best option alone. However, with research and industry-leading recommendations of Investopedia.com and Hackernoon.com for Ethereum Classic, Guarda is one of the most trusted and best ETC wallets. It is a non-custodial wallet supporting over 400K+ digital assets. You can use this wallet online in your browser or in a mobile version.
