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Ethereum Classic
ETC

$18.77
Market Cap
-0.79% $2,798,034,324
Fully diluted market cap
$3,955,500,902
Circulating supply
149,044,544 ETC
Total supply
149,044,544 ETC
Max. supply
149,044,544 ETC
Volume 24h
+5.07% $98,410,663
Volume/Market cap (24h)
+3.52%

Official Links

Socials

Ratings

Average ratings from the community
4.4
82 Ratings
Average ratings from the community
This content is for informational purposes only

logo
Ethereum Classic
ETC

$18.77
1D
7D
1M
3M
1Y
ALL
Market Cap
-0.79% $2,798,034,324
Fully diluted market cap
$3,955,500,902
Circulating supply
149,044,544 ETC
Total supply
149,044,544 ETC
Max. supply
149,044,544 ETC
Volume 24h
+5.07% $98,410,663
Volume/Market cap (24h)
+3.52%

ETC Price Calculator

ETC
USD
1 ETC equals $18.77 United States Dollar
Last updated 2024/10/07 20:00:03 (UTC)

Official Links

Socials

Ratings

Average ratings from the community
4.4
82 Ratings
Average ratings from the community
This content is for informational purposes only

ETC Market

ETC Market Stats

24h Low & High
Lowest Price
$18.57
Highest Price
$19.11
All Time High
$176.15
Price Change(1h)
+0.74%
Price Change(24h)
+0.03%
Price Change(7d)
-4.67%

ETC Price Live Data

The live price of Ethereum Classic is $18.77 per (ETC/USD) today with 24-hour trading volume is $98.41M USD. ETC to USD price is updated in real-time. Ethereum Classic is +0.03% in the last 24 hours.

ETC Price Performance

24DAYS
$0.0073
+0.04%
30DAYS
$1.03
+5.84%
90DAYS
$-1.93
-9.34%
1YEAR
$3.24
+20.91%

About Ethereum Classic (ETC)



Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.

Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.

Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.


## Who Are the Founders of Ethereum Classic?

Ethereum Classic is in fact the legacy chain of Ethereum, and its true creator is therefore the original Ethereum founder — Vitalik Buterin.

A contentious hard fork on Ethereum occurred in July 2016, when participants disagreed over whether to revert the blockchain to cancel out the effects of a major hack. This impacted The DAO, a decentralized autonomous organization (DAO) which had raised approximately $150 million in an initial coin offering (ICO) several months earlier.

Ethereum Classic came into being as the network which did not revert the chain. Developers state that there is no “official” team attached to the project, and that its “global development community is a permissionless 'do-ocracy,' where anyone can participate.”


## What Makes Ethereum Classic Unique?

Ethereum Classic’s unique attributes are a combination of the following features:

* Proof-of-Work: ETC is a will remain as a proof-of-work blockchain which is the most secure consensus mechanism known to man.

* Sound money: ETC is digital gold because it is a proof of work blockchain, thus the cost ti produce the money is the same as the cost to produce the blocks, and it has a fixed monetary policy with a supply cap of 210,700,000.

* Programmability: ETC is programmable with smart contracts making it much more versatile and useful than other simpler cryptocurrency chains such as Bitcoin or Litecoin.

* Full replication: ETC is most secure because it is fully replicated across all nodes of the network. Where other smart contract blockchains are implementing “sharding”, “parachains”, or “sidechains” that reduce security, ETC will remain fully replicated.

* Composability: Composability in ETC means that all the applications enabled by programmability are inside the same system, thus making them equally secure and also able to interact with each other in single complex transactions.

* Size: The larger a blockchains is, and even more if it is the largest in its category, makes the system eve more secure. ETC is the largest smart contracts blockchain that is proof of work and has a fixed monetary policy.

All the above unique features combined make ETC dapps the most secure daps in the world.

## How Is Ethereum Classic Different From Ethereum?

Ethereum Classic (ETC) and Ethereum (ETH) are two separate blockchain networks that share a common history but have since diverged in philosophy and development.

Ethereum Classic is the original version of Ethereum that was launched in 2015. It is a decentralized, open-source blockchain platform that allows developers to build and deploy decentralized applications (dApps) and smart contracts. Ethereum Classic secures its network using a Proof-of-Work (PoW) consensus algorithm.

Ethereum, on the other hand, is a fork of the original Ethereum blockchain created in 2016. It emerged as a response to a hack that caused the loss of millions of dollars worth of Ether. The Ethereum community implemented a hard fork to reverse the hack and return the stolen funds to their owners. As a result, two separate blockchains, Ethereum (ETH) and Ethereum Classic (ETC), were created.

One of the main differences between Ethereum Classic and Ethereum is their approach to governance. Ethereum has a more centralized system, with a core development team that makes decisions about the platform's future. In contrast, Ethereum Classic has a more decentralized approach to governance, with decisions made by the community through a consensus process.

Another key difference between the two is their development roadmap. Ethereum has transitioned from a Proof-of-Work (POW) consensus algorithm to a Proof-of-Stake (PoS) algorithm after The Merge in September 2022. Ethereum Classic, on the other hand, has focused on maintaining its original PoW algorithm and staying true to its decentralized philosophy.

## Concerns About Ethereum Classic

Ethereum has grown in popularity due to network effects and more developer and user activity, even though Ethereum Classic and Ethereum both offer smart contracts and compete for the same market.

The main concerns of ETC are scalability, bloat, and backward compatibility. These are constraints shared by all layer 1 smart contracts blockchains. Both Ethereum and Ethereum Classic will be scalable through layer 2 systems.

Backward compatibility will be solved when “Account Versioning” and “EVM Versioning” are implemented in the EVM standard in general. Bloating is a work in progress and depends more on client efficiencies, data structure changes, and other advances.


Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

ETC To Local Currency

Last updated 2024/10/07 00:00:02 (UTC)

How To Buy Ethereum Classic

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Ethereum Classic and help you discover other cryptocurrencies similar to Ethereum Classic.

FAQ

Q
What is the current price of Ethereum Classic?
A
We update our Ethereum Classic to USD price in real-time. Get the live Price of Ethereum Classic on CoinMapAi.
Q
What is the 24 hour trading volume of Ethereum Classic?
A
Over the last 24 hours, the trading volume of Ethereum Classic is $98.41M.
Q
What is the all time high of Ethereum Classic?
A
The all-time high of Ethereum Classic is $176.15. This all-time high is highest price paid for Ethereum Classic since it was launched.
Q
Where can I buy Ethereum Classic?
A
Ethereum Classic can be purchased on multiple centralized exchanges. Please check our buying guide: buy Ethereum Classic guide.
Cryptocurrency investment activities, including actions done to buy Ethereum Classic online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Ethereum Classic instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Ethereum Classic purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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