Ethereum Classic (ETC) is a blockchain-based, decentralized, distributed, open-source cryptocurrency platform that runs smart contracts.
Ethereum Classic was originally known as Ethereum. It was conceived by Vitalik Buterin and the Ethereum Foundation and launched in 2015.
Ethereum Classic was created after The DAO hack in 2016.
The dispute caused a split in the Ethereum community, and the majority chose to cancel the hack. Ethereum Classic is the name of the original, smaller blockchain.
Verge (XVG) is an open-source decentralized cryptocurrency that claims to offer completely anonymous transactions by hiding the location and IP address of the participants in the transaction.
An application-specific integrated circuit (ASIC) miner is a computerized device or hardware that uses an ASIC solely to mine bitcoin or another cryptocurrency.
Blockchain is a type of shared database that differs from a regular database in how it stores information; Blockchains store data in blocks, which are then linked to each other using cryptography.