ETC
Ethereum Classic

$9.99
+0.17%
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Rank
16
  • Market Cap
    $1,052,306,397
  • 24h Vol (Global)
    ฿34,444 ($232,829,237)
  • Circulating Supply
    105,327,541
  • Issue Price
    -
  • Issue Date
    2015-11-01
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blokt
3.5

Ethereum Classic [ETC] - The Original Unaltered Chain of Ethereum

2018-08-10
Ethereum Classic (ETC) came to market through a hard fork of Ethereum (ETH) following the infamous DAO attack in June 2016. The developer community was divided between those that wanted to reverse the hack via a hard fork and those that opposed to it. Those opposed to it viewed the reversal as a violation of immutability.
Coin Bureau
4.0

Ethereum Classic (ETC): The Most Well Known Ethereum Fork

2018-01-28
Ethereum Classic is the result of one of the most contentious hard forks in the history of Ethereum. It occurred when the DAO hack happened back in June of 2016. This happened because some Ethereum developers favoured a hard-fork to reverse the hack while others opposed it. The Ethereum Classic developers were in the latter camp and were of the view that "Code is law". The Ethereum Classic chain is in fact the original Ethereum chain where the current Ethereum cryptocurrency hard forked the code and continued with the new blockchain. Given that the one is a fork of the other, Ethereum classic has a great deal of similarities to Ethereum including the same consensus protocol as well as the ability to develop smart contracts. While Ethereum Classic took an ideological stance in response to the hack, there is no doubt that a great deal of development and work had followed Ethereum (ETH) as the chain split. However, the ETC developers are still pushing out code and the token is getting placed on a number of exchanges including its recent listing on Coinbase. ETC tokens are relatively less volatile than other alts and have substantial liquidity.
  • Details
Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-105,327,5412015-11-01-POW1
gastracker.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
105,327,541Ethashhttps://github.com/ethereumclahttps://ethereumclassic.org/COIN

Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called "classic ether", which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request. The Ethereum platform has been forked into two versions: "Ethereum Classic" (ETC) and "Ethereum" (ETH). Prior to the fork, the token had been called Ethereum. After the fork, the new tokens kept the name Ethereum (ETH), and the old tokens were renamed Ethereum Classic (ETC). Ethereum Classic appeared as a result of a disagreement with the Ethereum Foundation regarding The DAO Hard Fork. It united members of the Ethereum community who rejected the hard fork on philosophical grounds. Users that owned ETH before the DAO hard fork (block 1920000) own an equal amount of ETC after the fork. Ethereum Classic passed a technical hard fork to adjust the internal prices for various opcodes of the Ethereum Virtual Machine (EVM) on October 25, 2016, similar to the hard fork committed by Ethereum a week previously. The purpose of the hard fork was a more rational distribution of payments for resource-intensive calculations, which led to the elimination of the favorable conditions for attacks that were previously conducted on ETH and ETC. A hard fork held at the beginning of 2017 successfully delayed the "bomb complexity" that was added to the Ethereum code in September 2015 with a view of exponentially increasing the complexity of mining and the process of calculation of new network units. In late 2017, a hard fork occurred which changed the monetary policy with unlimited emissions to a system similar to Bitcoin.