Ethereum Classic Ethereum Classic ETC
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Show Coin Info
Price
18.86 USD
% Change
2.98%
Market Cap
2.81B USD
Volume
99.6M USD
Circulating Supply
149M
2966% from all time low
786% to all time high
5455% from all time low
510% to all time high
71% are in circulation
Circulating Supply
149,106,558.027483
Max Supply
210,700,000

Ethereum Classic (ETC) Feed: Events, News & Roadmap

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Ethereum Classic Events on the Chart

What is Ethereum Classic?

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH), launched in July 2016 as a direct response to a major security breach. It serves as a smart contract network, capable of hosting decentralized applications (DApps). Its inception was grounded in preserving the original Ethereum blockchain without reversing the effects of the DAO hack, emphasizing blockchain immutability and integrity.

Ethereum Classic operates using a Proof-of-Work (PoW) consensus algorithm, similar to the original Ethereum before its shift towards Proof-of-Stake (PoS). This choice reflects ETC’s commitment to traditional blockchain principles, specifically decentralization and security. The network supports the development and deployment of DApps and smart contracts, aiming to offer a stable and unchanged protocol for developers and users. Its governance is more decentralized, with the community playing a significant role in decision-making processes.

The native token of Ethereum Classic, ETC, is used for transaction fees and as a reward for miners within the network. Unlike its counterpart Ethereum, which has moved towards a PoS consensus algorithm, Ethereum Classic continues to reinforce its PoW mechanism. ETC has found support among a faction of users and investors who advocate for the original ethos of Ethereum, particularly in terms of immutable transactions and a more traditional approach to blockchain governance.

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