Ethereum Classic Stocks, USD price, market cap
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Ethereum Classic (ETC) is a cryptocurrency that was created after a hard fork of the Ethereum blockchain in 2016. It is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. Ethereum Classic is the original version of Ethereum, the world’s second-largest cryptocurrency by market capitalization.
The Ethereum Classic project was created in response to a major hack of the Ethereum network in June 2016. The hack resulted in the theft of over $50 million worth of Ether (ETH), the native cryptocurrency of the Ethereum network. In response, the Ethereum Foundation (EF) decided to perform a hard fork of the Ethereum network, which resulted in two separate blockchains: Ethereum (ETH) and Ethereum Classic (ETC). Ethereum Classic is the original blockchain, which includes all transactions that occurred before the hard fork.
The Ethereum Classic project is supported by a large and active community of developers, miners, and users. The project is focused on providing a secure and reliable platform for smart contracts and decentralized applications. Ethereum Classic has its own cryptocurrency, ETC, which is used to pay for transaction fees and rewards miners for securing the network.
Ethereum Classic has a number of features that make it attractive to developers and users. It has a decentralized governance model, which means that the network is not controlled by any single entity. This allows for a more secure and reliable platform, as well as more freedom for users to develop and use decentralized applications. Ethereum Classic also has a Proof-of-Work (PoW) consensus algorithm, which is more secure and reliable than the Proof-of-Stake (PoS) consensus algorithm used by Ethereum.
Ethereum Classic has seen significant growth in recent years, and its market capitalization has increased significantly. It is now the 10th largest cryptocurrency by market capitalization, with a market cap of over $2.7 billion. Ethereum Classic is traded on a variety of cryptocurrency exchanges, including Coinbase, Binance, Huobi, and OKEx.
Ethereum Classic is an attractive option for developers and users who are looking for a secure and reliable platform for decentralized applications. The project has a strong and active community, and its decentralized governance model provides users with more freedom and control over their applications. Ethereum Classic is also a great option for investors who are looking to diversify their portfolio with a secure and reliable cryptocurrency.