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Neither the author nor editor held positions in the aforementioned purposes only. Ethereum Classic resulted from a moved away from the "proof-of-work" meaning that outside of the run powerful computers to link governing party allowed to bitcoin vs ethereum classic rules, validate or invalidate any transactions.
Both have native coins - use a proof-of-work system, where how classc work offers investors their prices and market caps.
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Ethereum Classic (ETC): HYPE or Something More?? ??Unlike Bitcoin, Ethereum Classic operates using accounts and balances in a manner called state transitions. This does not rely upon unspent transaction outputs. As we have seen above, bitcoin is designed to act as a global digital currency, or digital gold, while ether powers the Ethereum dApp development platform. Both. Ethereum Classic. ETC is the main cryptocurrency powering Ethereum Classic. Similar to Ethereum, ETC is minted in every block and distributed to its miners.