The live price of Ethereum Classic is $ -- (ETC/USDT) today with a current market cap of $ 4.15B. 24-hour trading volume is $ 175.02M. ETC to USDT price is updated in real-time. ETC is 0.00% in the last 24 hours. It has a circulating supply of 146.68M USDT.
ETC Market Information
Popularity
#26
Market Cap
4.15B
24h Volume
175.02M
Circulation Supply
146.68M
About(ETC)
Ethereum Classic is a decentralized network that supports smart contracts. It was created by Vitalik Buterin in 2013. Following the DAO hack in 2016, several members of the Ethereum community rejected the idea of a hard-fork to revert transactions (and return funds to the DAO participants), leading to the split between Ethereum and Ethereum Classic.
Ethereum Classic (ETC) parted away from Ethereum at block 1,920,000 (July 20th 2016) to retain the original version of the network, reinforcing the blockchain’s core characteristic of immutability. Since its ICO in 2015, Ethereum has relied on Proof of Work (PoW); Ethereum Classic shares its early history with its first (common) block being mined in July 2015.
Like Ethereum, the network is fueled by a cryptocurrency named ether (classic). It comprises an open-source, globally decentralized computing infrastructure, which executes programs called smart contracts.
Similarly, Ethereum Classic is based on an account model to record state changes. It relies on the Ethereum Virtual Machine (EVM) with two types of addresses: externally owned addresses (EOAs) and contract addresses that are deployed on the EVM.
As of March 2020, Ethereum Classic’s hashrate is much lower than Ethereum’s and the level of on-chain activity is also inferior to Ethereum's. With Ethereum planning to part away from Proof-of-Work (to introduce PoS with ETH 2.0), Ethereum Classic plans on persisting as the immutable Proof of Work version of Ethereum.
FAQ About Ethereum Classic (ETC)
What Is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a cryptocurrency and blockchain platform that emerged as a result of a contentious hard fork from the original Ethereum (ETH) network. The fork occurred in July 2016 following the exploitation of a vulnerability in a decentralized autonomous organization (DAO) smart contract on the Ethereum blockchain.
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Who Is The Ethereum Classic Founder?
Ethereum Classic, the original version of Ethereum prior to the hack was created by Vitali Buterin in 2016.
What is Ethereum Classic (ETC) Used For?
ETC can be used in a similar way to ETH, on the Ethereum Classic network. ETC is used to secure the Ethereum Classic Blockchain and as a peer-to-peer (P2P) payment token. Toobit has the live ETC price.
What is ETC Price Now?
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