Ethereum Classic
ETCWhat is Ethereum Classic (ETC): complete guide for Beginners and Investors
Ethereum Classic is the continuation of the original Ethereum chain, preserved by participants who rejected the 2016 fork.
Rate
At this moment, the price of Ethereum Classic is —. The 24-hour trading volume is —. Over the past 24 hours, the price of Ethereum Classic has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.
History
After the DAO was drained in 2016, most of the community reversed the theft through a hard fork. A minority kept the unaltered chain on the principle that the ledger should not be rewritten — that chain is Ethereum Classic.
Technology
It remains proof of work, having kept mining after Ethereum moved to proof of stake, and it caps its supply, which Ethereum does not.
Use cases
ETC draws holders who prize immutability as a principle, and miners displaced by Ethereum’s merge.
Forecast
Walbi does not publish price targets. What can be said is what moves this instrument: eTC draws holders who prize immutability as a principle, and miners displaced by Ethereum’s merge. It trades here as a USD-settled perpetual contract, so a position carries no ownership of the underlying and funding is exchanged between long and short holders for as long as it stays open.
Ethereum Classic details
| Ticker: | ETC |
|---|---|
| Website: | https://ethereumclassic.org |
| Algorithm: | Proof of Work |
| Max Supply: | 210.7 million ETC |
| Type: | Cryptocurrency · Layer 1 |
| Founder: | Ethereum Classic community |
| Launch: | 2016 |