This is important because a lost private key cannot be retrieved. It could be your hard drive, documents folder, external USB, or any other place you feel is the safest place you could put it. As soon as you download your private key, copy and store it in a safe place. The wallet you choose will provide you with an encrypted private key.
CREATE AN ETHEREUM WALLET SOFTWARE
Deciding which you want to use will depend on what options you require and whether you want a hardware or software solution. Some of the popular wallet solutions available for Ethereum Classic users include Jaxx, Classic Ether Wallet, Ledger Nano S, Ethereum Parity, and Mist. To begin, visit the websites of official Ethereum Classic wallets and do some preliminary research. Choose an Official Ethereum Classic Wallet Here is a simple step by step guide to opening an ETC wallet: 1. Opening a wallet is the first practical stage to getting started.
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The result is two types of Ethereum.Įthereum Classic (ETC) currency is based on value tokens called Classic Ether, which you can store in your ETC wallet, exchange, or use to pay for products and services. The new version would restore the Blockchain to its state before the hack, and the old version (ETC) would continue on as it was, with the hack transactions intact.
![create an ethereum wallet create an ethereum wallet](https://coincodex.com/en/resources/images//admin/guides/how-to-create-an-eth/eth-colors.jpg)
After a now infamous hacker took advantage of a glitch in a new Ethereum development, the community voted to fork the Blockchain into two in order to erase the losses from the hack. Ethereum Classic is actually the original. Like Ethereum, Ethereum Classic is a decentralized Blockchain technology for smart contracts and currency. What about Ethereum Classic (ETC)? The first step to differentiating between them is getting a quick history of the Ethereum fork, which we describe in greater detail elsewhere on the site.