Ethereum Classic
$6.26
2.1%(24h)30d
Today
2.1%
30 Days
-9.9%
Price Change (24h)
$0.1300
BTC$43,500+2.50%
ETH$2,650+1.80%
USDT$1.00+0.00%
BNB$320-0.50%
XRP$0.5200-1.20%
SOL$95.00+3.20%BTC$43,500+2.50%ETH$2,650+1.80%USDT$1.00+0.00%BNB$320-0.50%XRP$0.5200-1.20%SOL$95.00+3.20%Today
2.1%
30 Days
-9.9%
Price Change (24h)
$0.1300
ETC
62.60
Ethereum Classic (ETC) represents the original Ethereum blockchain launched in July 2015. Operating as a smart contract network, it hosts and facilitates decentralized applications (DApps). ETC functions as its native token. Ethereum Classic has worked to distinguish itself from Ethereum, with both networks' technical approaches progressively separating. Ethereum Classic initially aimed protecting the Ethereum blockchain's integrity following a significant hack removing 3.6 million ETH.
Ethereum Classic represents Ethereum's original chain—accordingly, its actual founder is the original Ethereum creator—Vitalik Buterin. July 2016 witnessed a contentious Ethereum hard fork when participants debated blockchain reversion to nullify a significant hack's consequences. The DAO, a decentralized organization raising roughly $150 million via ICO months prior, experienced the hack. Ethereum Classic emerged as the chain avoiding reversion. Project developers assert the project lacks an official team; its international development group constitutes a permissionless do-ocracy where anybody participates.
Ethereum Classic's distinctive attributes stem from combined characteristics: * Proof-of-Work: ETC maintains proof-of-work blockchain status—the most secure consensus method available. * Sound money: ETC serves as digital gold—a proof-of-work blockchain where money production cost matches block production cost, possessing fixed monetary policy with 210,700,000 supply cap. * Programmability: Smart contracts enable ETC programmability, providing versatility beyond simpler chains like Bitcoin or Litecoin. * Full replication: ETC maximizes security via full network-wide replication. Alternative smart contract blockchains deploy sharding, parachains, or sidechains diminishing security; ETC remains entirely replicated. * Composability: ETC composability signifies applications enabled by programmability exist within one system, remaining equally secure and able to engage in individual intricate transactions. * Size: Larger blockchains—especially largest category representatives—boost system security. ETC is the biggest proof-of-work smart contract blockchain maintaining fixed monetary policy. These combined traits render ETC dapps most secure worldwide.
Ethereum Classic (ETC) and Ethereum (ETH) constitute separate blockchains sharing common history but subsequently diverging philosophically and developmentally. Ethereum Classic represents the original 2015 Ethereum version. It constitutes a decentralized, open-source blockchain enabling dApp and smart contract construction and deployment. Proof-of-Work (PoW) consensus algorithm secures Ethereum Classic. Ethereum, alternatively, represents a 2016 fork generated in response to millions of dollars worth of Ether hack losses. The Ethereum group executed a hard fork reversing the hack and returning stolen assets. Two distinct blockchains resulted: Ethereum (ETH) and Ethereum Classic (ETC). Key ETC and Ethereum distinctions involve governance approaches. Ethereum maintains more centralization via core development teams choosing platform futures. Ethereum Classic adopts more decentralized governance with community consensus-based decisions. Another crucial distinction involves development roadmaps. Post-September 2022 Merge, Ethereum shifted from Proof-of-Work (POW) to Proof-of-Stake (PoS). Ethereum Classic concentrated on maintaining its PoW algorithm, staying loyal to its decentralized beliefs.
ETC started in similar technical condition to ETH, excluding DAO hack transaction management. Supply cap was introduced in December 2017 since launch, with tokenomics revisions. Maximum supply equals 210,700,000 ETC—roughly ten times Bitcoin's supply, whereas ETH remains capped. ETC employs PoW mining functioning like Bitcoin—miners obtain rewards for blockchain validation competition. ETC block reward diminishes by 20% every two-year or 5 million-block intervals, with the next drop anticipated at block 20,000,000, roughly June 2024—declining from 2.56 ETC to 2.048 ETC per block.
Proof-of-Work (PoW) When ETC was a smaller-sized chain, it encountered attacks—51% attacks obtaining mining hashrate control and enabling spurious transactions and double-spending, most recently in August 2020. Ethereum Classic employs Proof-of-Work (PoW) consensus. Miners safeguard the network via computationally intensive puzzle resolution creating and validating transaction blocks. ETC blockchain achieves complete replication across worldwide nodes, offering redundancy, rendering it practically impervious to natural disasters or human interference. With its current status as the world's biggest proof-of-work smart contract blockchain, security has notably expanded, with developers eliminating safety measures added post-2020 51% attacks.
Ethereum Classic blockchain miners—node subgroups—combine transactions in batches, insert timestamps, prior-block cryptographic hash, and iterating random values (nonce). They subsequently generate a new block-specific cryptographic stamp and immediately test whether it accomplishes the protocol-defined objective. Failure prompts nonce adjustment and retry. They continue—attempting maybe trillions per second—until one miner hits the target. This massive energy investment is called proof-of-work because statistical hitting the target within typical block time (13 seconds for ETC) requires such computation and electricity. When hitting the target, miners transmit the block for network verification and collect miner reward plus block transaction fees.
ETC constitutes major market-cap cryptocurrency and freely trades on numerous principal exchanges. Stablecoin, cryptocurrency, and fiat currency pairs, plus derivatives and institutional investment vehicles exist. Ethereum Classic purchase exchanges comprise Binance, OKEx, HTX, and Coinbase. New to crypto? Review simple Bitcoin and other cryptocurrency acquisition guides.
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BTC$43,500+2.50%ETH$2,650+1.80%USDT$1.00+0.00%BNB$320-0.50%XRP$0.5200-1.20%SOL$95.00+3.20%