Ethereum Classic.
Ethereum Classic is a decentralized computing platform that runs smart contracts as intended by its original community ethos of 'code is law'. It operates as an immutable, censorship-resistant blockchain that rejects hard forks designed to reverse fraudulent transactions.
As a purely immutable blockchain, it maintains a niche value proposition for investors who prioritize network integrity over protocol evolution.
The transition of Ethereum to Proof-of-Stake and the lack of significant developer ecosystem growth limit its competitive utility.
It utilizes a Proof-of-Work consensus mechanism and is compatible with the Ethereum Virtual Machine (EVM) for smart contract execution.
It faces significant security risks from 51% attacks due to its lower relative hash rate compared to other POW networks.