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One of the most controversial cryptocurrencies around the market is Ethereum Classic. 

To understand its controversial roots, we must first understand hard forks and why blockchains undergo them. Blockchains can separate into two as the result of tech updates or deep community agreements on protocol changes.

Ethereum Classic was the original blockchain of the second largest cryptocurrency right after Bitcoin. In 2016, an application on Ethereum called The DAO got hacked. Someone found a bug in the code and anonymously stole $50 million.

Ethereum’s core developers implemented a hard fork to return the money to its original owners and erase the hack from the ledger. The newly created ledger is the primary Ethereum blockchain (ETH) we know, while the original version got renamed Ethereum Classic (ETC).

In this guide, we will be taking a closer look at Ethereum Classic, weighing in on the benefits of investing, and mapping out a legit way of getting this crypto at zero risk to you. All that and more below.

What is Ethereum Classic?

Ethereum Classic is a decentralized, blockchain-based platform that also works as a cryptocurrency. It is a permissionless network that lets anyone join and execute transactions. 

On a surface level, ETC shares the same functionalities as ETH. Developers can use both blockchain platforms to develop and run their decentralized applications (dApps). ETC and ETH can create ERC-20 tokens for their respective apps. 

The main difference between the two is ETC’s inability to access updates on the ETH blockchain thanks to the hard fork. The hard fork implements a new set of rules and creates a new chain. ETH is irrevocably cut off from ETC, which means any development on ETH will not be compatible with ETC.

Despite its incompatibility with ETH updates, ETC remains a solid coin to have because it preserves the Ethereum code in its purest form. Its greatest significance lies in its goal to preserve a 100% immutable ledger.

How to Get ETC

You can either buy or mine Ethereum Classic. 

Mining ETC is not different from mining ETH. It also involves using heavy computational power to answer complex mathematical problems. Both are mined using the Ethash algorithm, with the only difference being in the network’s hashrate, the capacity threshold for break-even mining, and reward per block. 

Aside from needing heavy-duty hardware, you also have to consider high electricity costs and the huge chunk of time you have to set aside for mining.

If you prefer a more direct way of adding ETC to your wallet, you can directly purchase this crypto coin at legit exchanges. Many exchanges list ETC such as OKex, Bittrex, Bitfinex, and others. This proves that ETC hasn’t lost its thunder and it remains one of the popular and in-demand crypto coins around.

Look out for Crypto Scams

Investing in ETC and other cryptocurrencies can be quite expensive. The crypto market is known to be especially volatile. One minute, you are doing great and then losing money the next. Cryptocurrencies, just like any other investment, come with their own set of pros and cons. You have to gauge what risks are worth taking. 

We understand all too well the draw of going to these websites that promise ETC with nothing in exchange. We can also guarantee that 10 out of 10 times these sites are complete scams. Instead of wasting your time with deals that’ll lead to nothing but highly possible cyber attacks, work with FreeCryptoRewards instead. 

Here’s a secure and risk-free way you can add legit ETC coins to your portfolio instantly.

How to Get Ethereum Classic for Free

FreeCryptoRewards is an accredited rewards site where you can earn points you can trade for actual cryptocurrencies and cash. Complete simple marketing research tasks such as answering surveys, completing offers, and watching videos to earn points. You can then convert these points into ETC, any other preferred crypto coins like BNB and THETA, or cold hard cash. 

You can even get more points by simply inviting a friend. Instead of doing online tasks for free, get rewarded with crypto instead. It is a 100% guaranteed legit way of diversifying your portfolio without having to break the bank.

Claim Your Rewards Instantly

You are only a few clicks away from having Ethereum classic deposited straight into your Coinbase wallet. Sign up for free today and start earning points right away. Start your crypto investment risk-free!