Ethereum Classic is one of two different types of Ethereum’s Blockchain, the other is Ethereum. The separation happened after The DAO, a decentralized independent organization based on Ethereum, got hacked in June 2016, and $50 million worth of money was stolen. Ethereum Classic is an open-source, peer-to-peer, computer platform based on blockchain technology and the original Ethereum system. It supplies a value token, called “classic ether” which is used to pay users for products and services, and as a transaction fee for decentralized applications. The classic ether token is exchanged on cryptocurrency trading by symbol ETC.