The startup develops a decentralized blockchain platform that enables the creation of immutable smart contracts and decentralized applications, ensuring censorship resistance and security in digital transactions. By integrating leading cryptocurrency technologies, the platform provides developers and businesses with a reliable infrastructure to build applications that maintain transparency and resist tampering.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing blockchain platforms face challenges related to censorship, immutability, and security, potentially compromising the integrity and transparency of decentralized applications and smart contracts. These vulnerabilities can lead to manipulation, downtime, and third-party interference, undermining the core principles of decentralization.
Solution
Ethereum Classic (ETC) provides a decentralized, immutable smart contract platform that resists censorship and ensures the secure execution of digital transactions. By adhering to the principle of "Code is Law," ETC guarantees that applications run as programmed without downtime or third-party interference. ETC combines the technology of Ethereum with the philosophy of Bitcoin, positioning itself as a base-layer smart contract platform focused on delivering unstoppable applications. The platform leverages a Proof-of-Work consensus mechanism, specifically the ETCHash algorithm, to maintain network security and integrity.
Target Audience
The primary audience includes developers seeking a censorship-resistant platform for deploying decentralized applications, miners contributing to network security through Proof-of-Work, and users seeking a reliable and immutable smart contract platform.
Features
- Immutable smart contracts that execute without censorship or third-party interference
- Proof-of-Work (PoW) consensus mechanism using the ETCHash algorithm for robust security
- Compatibility with Ethereum development concepts and tools
- Support for a wide array of applications, wallets, and exchanges within its ecosystem
- A commitment to decentralization, ensuring resistance against external forces
- Public and private RPC endpoints for communicating with the ETC network
- Blockchain explorers for inspecting transactions, blocks, and network insights
- Mining resources, including hardware and software options, for contributing to network security