Combination of EOS & ETH
EOS Classic is based on the consensus of EOS & Ethereum, the first highly scalable smart contract blockchain, with transaction fees covered through small levels of token inflation.
EOS Classic is sharing the same initial token distribution with EOS ERC20 token, about 90% of Genesis allocation of EOS Classic is owned by EOS Community at 1:1 rate with EOS
Proof of Work
EOS Classic is using Ethash POW consensus as a main algorithm, highly decentralized proven by major blockchain.
|Supply||1 billion||17 million||100 million||1 billion|
|Use of dapp|
|Established Since||June 2018||Jan 2009||January 2014||June 2017|
EOS Classic is a blockchain platform with its own cryptocurrency (EOSC) that is based on Ethereum & EOS protocol, based on a stable foundation of EOS ERC20 token distribution & ethereum protocol, it aims to build a decentralized app market with its high availability and security based on Ethash Proof of Work consensus.
Starting from the $12 billion market cap that comes from EOS ERC20 token distribution, EOS Classic aims to build its own currency that can work as a store of value & means of exchange. Without any possibility of downtime, censorship, fraud, centralization, or third-party interference, EOS Classic provides databases, account permissions, scheduling, authentication, and internet-application communication to massively improve the efficiency of smart business development that uses parallelization to make possible blockchain scalability to millions of users and millions of transactions per second.
All users holding EOS ERC20 tokens will get EOSC on a 1:1 ratio. The EOSC airdrop snapshot is scheduled to take place on the June 3, 2018, 7:00 AM GMT+9 (It happens when the ERC20 EOS token freezes for the mainnet launch). The airdrop is expected to be in early June. Only the holders that have EOS tokens at the time of this snapshot can receive the airdrop. EOSC airdrop will have snapshots of your EOS ERC20 token at June 3, 2018, 7:00 AM GMT+9.
Exchange users' EOS is generally placed in a cold wallet. Needs to be handled by exchange management personnel.