Ethereum Classic (ETC)
| Market Cap | $2,883,103,834 |
|---|---|
| Trading Volume | $316,787,107 |
| Volume / Market Cap | 0.1099 |
| Total Supply | 210,700,000 ETC |
| Max Supply | 210,700,000 ETC |
Ethereum Classic is currently trading at $20.75, after a price change of 1.35% in the last 24 hours.
Ranked as cryptocurrency #24 by capitalization today, ETC market cap is valued at $2,883,103,834. ETC trading volume reached $316,787,107 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on ETC coin price prediction page.
ETC Coin Price PredictionWhat is Ethereum Classic?
Ethereum Classic is a blockchain-based crypto asset that supports smart contracts. It was introduced in July 2015 by Gavin Wood and Vitalik Buterin. In this network, there are no restrictions, so users can run the apps just the way they are developed. It also eliminates intervention from any intermediary body and reduces downtime.
The protocol comprises the blockchain ledger, the native token ETC, and a wide range of services and decentralized apps. Unlike with ETH, here, you cannot alter the trades after they have been recorded. This allows for higher integrity and safety while maintaining decentralization. Each deal is secured via encryption, and there are a large number of nodes working in tandem to authenticate the deals.
ETC is based on a proof-of-work mechanism. Miners take care of security, creating blocks and processing trades using the computational ability. Maintaining the order of the trades is absolutely vital, and miners need to solve complex problems to generate blocks, thus ensuring security.
The smart contracts on this protocol have particular agreements attached to them and are made up of codes that are capable of self-execution. This completely eliminates the need for a third party.