Ethereum Classic
| Last updated | 3 hours ago |
| Price per ETC in USD | $ 16.746647628137 |
| Price per ETC in Bitcoin | 0 |
| Volume over the last 24 hours | $ 269,939,577 |
| Market cap in USD | $ 2,577,075,582 |
| Change in % over the last hour | -0.85974795 |
| Change in % over the last 24 hours | 13.01011016 |
| Change in % over the last 7 days | -13.65324671 |
ETC specifications
| Name | Ethereum Classic |
| Symbol | ETC |
| Minable | Yes |
| Algorithm | Ethash |
| Prooftype | PoW |
| Total coin supply | 210000000 |
| Premine: | N/A |
Coin description
Ethereum Classic (ETC) is a continuation of the original Ethereum blockchain following the DAO hack. It retains the same principles of decentralization and immutability, operating on a proof-of-work consensus mechanism. Unlike Ethereum, ETC has not transitioned to proof-of-stake, maintaining its mining-based security model. Ethereum Classic emphasizes "Code is Law," rejecting changes to the blockchain even in extreme circumstances.
Ethereum Classic Legacy and Principles
Ethereum Classic's commitment to immutability has attracted a niche but loyal community of supporters who value its adherence to blockchain principles. Its resistance to hard forks and upgrades ensures that the network remains decentralized and censorship-resistant. Despite its smaller market share compared to Ethereum, ETC continues to attract developers and users who prioritize ideological purity over technological advancements.
One of Ethereum Classic's strengths lies in its compatibility with Ethereum's ecosystem. Developers can easily port dApps and smart contracts from Ethereum to Ethereum Classic, leveraging its established infrastructure. This interoperability, combined with its proof-of-work security model, makes ETC a viable option for those seeking a stable and reliable blockchain platform. Keywords like Ethereum Classic immutability and proof-of-work security are closely tied to its mission.