Ethereum Classic Sets Community Call for September 11th
Ethereum Classic is hosting its Community Call #59 for builders, miners, and stakeholders on September 11th at 07:00 UTC. The call marks a new time slot for this regular gathering.
The Ethereum Classic blockchain was created in July 2016 as a hard fork of the original Ethereum, launched in response to a major security breach known as the DAO hack. This event led to the development of ETC, which prioritizes preserving the original Ethereum blockchain without reversing the effects of the breach.
Ethereum Classic operates using a Proof-of-Work (PoW) consensus algorithm, echoing the original Ethereum before its shift towards Proof-of-Stake (PoS). This choice reflects ETC's commitment to traditional blockchain principles, specifically decentralization and security. The network supports the development and deployment of decentralized applications (DApps) and smart contracts.