Ethereum Classic, a blockchain born from Ethereum's split, maintains originality, decentralized governance, and a commitment to immutability. More
Fully Diluted Valuation | $3.22B |
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24H Trading Volume | $68.11M |
24H Low / High | $20.90 / $ 21.56 |
Circulating Supply | 153.21 M |
Total Supply | 153.21 M |
Max Supply | 210.70 M |
Categories | Smart Contract Platform 3 more |
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Founder | Ethereum Classic Community |
Website | ethereumclassic.org |
Socials | 13 more |
Explorer | Blockscout 4 more |
Name | Pair | OG Score |
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The Ethereum blockchain, born out of a vision for decentralized applications and smart contracts, experienced a defining moment in 2016 with the infamous DAO attack. This event led to a split, giving rise to two distinct entities: Ethereum (ETH) and Ethereum Classic (ETC). Ethereum Classic emerged as a testament to ideological differences, embodying a commitment to immutability, decentralization, and censorship resistance. While Ethereum has evolved with updates and a transition toward a proof-of-stake algorithm, Ethereum Classic remains rooted in its original proof-of-work approach, preserving the historical integrity of the Ethereum network.
Ethereum Classic, with its open-source nature, allows developers to create decentralized applications (DApps) and ERC-20 tokens. However, its unique position stems from its incompatibility with Ethereum's updates, as the split resulted from a hard fork, creating a distinct and unyielding path for Ethereum Classic. The network, though facing challenges in scalability and security, serves as a historical record of Ethereum's journey. Ethereum Classic's existence is not merely a technical divergence but a reflection of a decentralized philosophy that sets it apart from its counterpart.
The founders of Ethereum Classic, including original Ethereum developers Vitalik Buterin and Gavin Wood, envisioned a network that refused to reverse the effects of the DAO hack. This commitment to preserving the blockchain's original state has attracted a diverse community, including notable investors like Barry Silbert. Ethereum Classic's unique governance structure, based on a decentralized consensus process, distinguishes it from Ethereum's more centralized decision-making approach. As the Ethereum ecosystem continues to evolve, Ethereum Classic stands as a resilient alternative, maintaining the ethos of the early blockchain days.
Ethereum Classic stands out for preserving the original Ethereum blockchain, prioritizing immutability, decentralization, and censorship resistance.
Ethereum Classic is the legacy chain of Ethereum, founded by Ethereum Classic Community.
Major investors include Barry Silbert, CEO of Grayscale, attracted by Ethereum Classic's commitment to maintaining the blockchain's original state.
Ethereum Classic utilizes a Proof-of-Work (PoW) consensus algorithm, differentiating itself from Ethereum's planned transition to Proof-of-Stake (PoS).
You can buy Ethereum Classic (ETC) on Binance, OKXGate.ioBybitMEXC cryptocurrency exchanges.
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