What's Going On With Ethereum Classic?

Bitcoin's surge past $100,000 has sent shockwaves across the cryptocurrency market, with Ethereum Classic ETC/USD emerging as a notable gainer in the wake of this milestone. Ethereum Classic, a decentralized blockchain platform, preserves the original Ethereum network's integrity following a controversial 2016 split.

Created to uphold immutability—the principle that blockchain transactions should never be altered—Ethereum Classic offers a distinct value proposition compared to its counterpart, Ethereum.

What To Know: As Bitcoin solidifies its status as digital gold, Ethereum Classic benefits from increased attention to blockchain alternatives that emphasize security, transparency, and adherence to decentralized principles. ETC is particularly appealing to purists who prioritize a non-interventionist approach to blockchain governance.

The broader rally in decentralized assets has sparked renewed interest in Ethereum Classic as a cost-effective, proof-of-work (PoW) blockchain compatible with Ethereum's ecosystem.

Price Action: Ethereum Classic is up some 16.7% over the trailing week and up 2% to $37.40 during Thursday trading.

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