Ethereum Classic is a decentralised blockchain platform that is open-source. It was created as a result of hard fork with Ethereum. Similar to Ethereum, Ethereum Classic allows for the implementation of decentralized applications and smart contracts.
Ethereum Classic is a decentralised blockchain platform that is open-source in nature. It was created as a result of hard fork with Ethereum. Similar to Ethereum, Ethereum Classic allows for the implementation of decentralized applications and smart contracts. It consists of the Ethereum virtual machine (EVM) that is useful at the time of executing script. The main aim of Ethereum Classic is to build a blockchain platform using smart contracts that enables developers to build decentralized applications (dapps). Ethereum Classic has its own token called as ETC that is traded on exchanges.
Ethereum Classic was created as a result of disagreement of the (DOA) decentralized autonomous organization hard fork between the Ethereum foundation. The DOA was built on Ethereum on May 2016. Prior to the fork, the token was called Ethereum. Users that owned ETH before the DAO hard fork own an equal amount of ETC after the fork. In simple terms, when a hard fork takes place, a new version of the original blockchain is created from that spot.
In June 2016, ethers worth $50 million were hacked on original Ethereum.
Ethereum Classic has no fixed cap which means it has an unlimited supply. The ETC coins are listed on various exchanges like Bittrex, BitSquare, Changelly, CoinSwitch, Shapeshift and others. The market capitalisation of Ethereum Classic as of April 2018 was $2,178,655,649.
The price of 1 ETC coin was $21.50 at the time of writing this article. There are several wallets in which you can store Ethereum Classic coins including hardware wallets like Jaxx, Trezor, Ledger, Trust, Emerald and others.
Ethereum Classic tokens can be mined.
Date | Open | High | Low | Close | Volume | Market Cap |
5/30/2018 | 15.31 | 15.5 | 14.8 | 15.2 | 1559910000 | 129317000 |
5/29/2018 | 14.51 | 15.49 | 14.33 | 15.22 | 1478370000 | 157135000 |
5/28/2018 | 15.2 | 15.53 | 14.31 | 14.4 | 1548150000 | 147459000 |
5/27/2018 | 15.27 | 15.35 | 14.99 | 15.21 | 1555230000 | 132207000 |
5/26/2018 | 15.2 | 15.8 | 15.03 | 15.25 | 1548210000 | 141441000 |
5/25/2018 | 15.73 | 15.73 | 14.88 | 15.19 | 1601760000 | 141072000 |
5/24/2018 | 14.91 | 15.73 | 14.59 | 15.71 | 1518060000 | 184862000 |
It must be noted that cryptocurrencies are volatile in nature and it is difficult to predict their rise or fall. Investing in mutual funds instead, could be a safer and reliable option.
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