Ethereum Classic (ETC)
Ethereum Classic current price is $41.28 with a marketcap of $5.62 B. Its price is -0.47% down in last 24 hours.
- Ethereum Classic (ETC)
- Live Price $41.28
- Market Cap $5.62 B
- Volume $830.54 M
- Available Supply 136.34 M ETC
- Rank 19
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¿What is Ethereum Classic?
When the original Ethereum platform forked it created two versions; Ethereum (ETH) and Ethereum Classic (ETC). Ethereum Classic is a public, open-source platform based on blockchain and distributed computing technology. It comes with the function of smart contract.
Ethereum foundation officially launched Ethereum Classic in 2016. Users can buy them easily and can store them in a wallet like other crypto-currencies.
It uses an international transaction pricing mechanism known as gas so that it can assign resources proportionally to the incentive offered by the request and can protect the network by avoiding spam.
“Classic ether” is the value token of Ethereum Classic. Participants can store these tokens in a crypto-currency wallet, transfer between them and even use them to compensate participant nodes for performed computations. Under the ticker symbol ETC, users can use crypto-currency exchanges to trade these tokens.
Ethereum Classic crypto-currency provides the Ethereum Turing-complete decentralized Virtual Machine like EVM. It uses an international network of public nodes so that it can execute scripts. It adjusts the internal prices for different opcodes of the EVM; Ethereum Virtual Machine by passing a technical hard fork.
Features of Ethereum Classic
- Ethereum Classic provides decentralized governance. It provides continuous nodes-based execution of codes globally.
- It’s a form of the original Ethereum blockchain.
- It’s a Turing-complete decentralized virtual machine.
- It’s self-executing, open-source, public platform.
- It provides smart contract application.
- Its codes are neutral.
- Records of its valid transactions are unerasable.
The main ecosystem of Ethereum Classic crypto-currency is based on the improved version of DAO and DAPP which run on its blockchain technology. DAO means Decentralized Autonomous Organization. It’s a smart contract with complexity. DAPP is a decentralized application that’s also referred to a smart contract for ETC system.
Ethereum Classic Markets / Exchanges