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The DAO Hack: Story of Ethereum ClassicEthereum Classic (ETC) is a cryptocurrency that launched in as a hard fork�a permanent split� from Ethereum (ETH). The Ethereum Classic. A decentralized computing platform that runs smart contracts: applications that run exactly as programmed without downtime, censorship or third party. Ethereum Classic is a hard fork of the Ethereum blockchain that maintains a Proof of Work consensus mechanism and capped supply.