ETC Price usd_ethereum-classic Price today

ETC ethereum-classic

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＄20.9206 +1.28%

Glob. Mkt Cap Rank： No.29

2024-08-07:09:36:37update

24H High

154.19

24H Turnover

18.31亿

Max Supply

0.0

24H TR

8.24%

24H Low

148.62

24H Vol

12031101.39

Curr. Issued

145991499.0

24H High-Low

+3.75%

ATH

1259.77

Highest Mkt Cap

222.21亿

Circulating Supply

145991499.0

Dominance

0.14%

ATL

3.23

Mkt Cap (Float)

222.22亿

Circulating Supply

69.29%

Issue Date

2015-11-01

Introduction

Latest News

News Flash

Basic information

Full Currency Name	以太坊经典/ETC
Currency Code	ETC
Coin Intro	"ETC, the Ethereum Classic, is a continuation of the original Ethereum blockchain, which forked into a separate cryptocurrency after block number 1,920,000. Its functions are very similar to those of Ethereum. The full English name for ETC is Ethereum Classic, often affectionately referred to as Auntie ETH. ETC was issued on November 1, 2015, with a maximum supply of 210,000,000 ETC. In June 2016, the hottest project on Ethereum, The DAO, was hacked by exploiting a vulnerability in its smart contract, resulting in the transfer of Ethereum worth $50 million at the time. To recover investors assets, the Ethereum community ultimately voted, and most participants agreed to modify the Ethereum code in an attempt to retrieve the funds. As a result, Ethereum underwent a hard fork, making an incompatible change that returned all Ether - including that held by the hacker - to its original state. The hard fork was publicly conducted via the blockchain; thus, although there were opposing views, the increasing support for the hard fork led to its successful implementation on July 21, 2016, resulting in two versions: Ethereum Classic (ETC) and Ethereum (ETH). The "official" version of Ethereum, ETH, is maintained by its original developers, while Ethereum Classic (ETC) is maintained by a new team. This was the first time a mainstream blockchain altered transaction records through a fork to compensate investors. Those who held Ethereum before the fork continued to hold both ETH and ETC after the fork, including Ethereum stored in exchanges or online wallets. This fork created two markets. Although ETH is considered "official," many miners and developers remain committed to the classic blockchain ETC, partly due to the perception that the ETH fork contradicted the principle of "irreversibility." ETC Founding Team and Background: The Chief Technology Officer (CTO) of the team is Igor Artamonov. The current price of Ethereum Classic is $18.81, with a 24-hour trading volume of $212,962,000. Ethereum Classic has fallen by 13.21% in the past 24 hours. It currently ranks 16th on BeeCheckers market capitalization list, with a market cap of $2,747,520,000 USD. Its circulating supply is 146,048,000 ETC, and its total issuance is 210,700,000 ETC."
Issue Date	1446336000000
All-Time High	$178.015
All-Time Low	$0.452446
Total Supply	210700000
Circulating Supply	146048207.2233
Circulating Supply Percentage	0.6931571296786901
Market Cap	1971339288404
Fully Diluted Market Cap	$8.928560987185572e-8
Mkt Cap (Float)	$2747528685
Circulating Market Cap % of Global Total	0.0013937370909014879
Listed on Exchanges	45
Official Link	https://ethereumclassic.github.io/
Whitepaper	https://ethereumclassic.github.io/assets/etc-thesis.pdf
Blockchain Explorer	"http://gastracker.io/", "https://etc.tokenview.com/cn/"
Telegram	"https://discord.gg/HW4GckH"
Github	https://github.com/ethereumproject/go-ethereum
Twitter	https://twitter.com/eth_classic
FaceBook	https://www.facebook.com/ethereumclassic
Reddit	https://www.reddit.com/r/EthereumClassic

Currency Introduction

Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, or interference from third parties. Ethereum Classic consists of a cryptocurrency (ETC), a blockchain ledger, and an ecosystem of applications and services built on top of it.

In short, Ethereum Classic provides a way to manage digital assets without intermediaries like banks and other financial institutions. ETC allows for the writing, deployment, and execution of uncensorable smart contracts; it implements truly unstoppable programmable money. Ethereum Classic is the continuation of the original, non-forked Ethereum (ETH) chain and exists to preserve the principle that “code is law.”

1. Project Introduction

ETC (Ethereum Classic) is a fork of Ethereum that occurred after block 1,920,000, with functionalities very similar to Ethereum. ETC adheres to the principles of decentralization and supports a consensus mechanism guaranteed by the blockchain. ETC firmly believes that once a blockchain begins running, its direction is not dictated by any central team but rather determined by the consensus of those participating in the network and the consensus of the network’s computational power.

In July 2016, a hard fork of the Ethereum blockchain aimed to transfer funds stolen from The DAO to an account controlled by investors, effectively erasing the old transactions from history. Most Ethereum developers participated in this reversal, along with exchanges, startups, and other members of the ecosystem. Within days, the project returned to normal. However, not everyone wanted to forget the old transactions. A small group of miners continued using the original blockchain as a form of protest, describing the hard fork as a bailout of the defunct project, The DAO. Thus, Ethereum Classic (ETC) was born.

Immutability
ETC cannot be altered by others. This characteristic aligns with the ideological creed shared by ETC, Bitcoin, Litecoin, and other cryptocurrencies. Some blockchains subscribe to different ideologies (such as “rule by governance”), which allow participants to vote on others’ account balances based on their social and economic influence, giving the wealthy and famous within the system ultimate control over your money. Such a thing will never happen in ETC; it is fundamental to ETC, as historical precedent has shown.

Efficient Transfer
ETC enables efficient value transfer (more efficient than Bitcoin and other forms of Bitcoin), focusing on Internet of Things applications and operating a mathematically verified Ethereum Virtual Machine (EVM). This means ETC is very much in line with the original vision: becoming an efficient medium of exchange connecting different devices worldwide.

Decentralization
Many blockchain communities have centralized leadership, meaning a small group at the top makes decisions for others. The ETC community structurally avoids this. Responsibility for development and discussion is distributed among various individuals. This avoids the unfair form of “rule by governance,” which can affect other blockchains. ETC’s Internet of Things features are under active development, with implementation expected in the latter half of 2018.

Key Events
July 30, 2015: Ethereum Launch
Vitalik Buterin and the Ethereum Foundation created a blockchain-based Turing-complete smart contract platform.

June 17, 2016: The DAO Attack
Due to a system vulnerability, Ether was stolen from The DAO project. The DAO, one of the hottest projects on Ethereum, raised 150 million dollars worth of Ether. Investors sent funds to The DAO and received voting tokens, allowing them to democratically decide how to use the funds. However, just before voting was to begin, a vulnerability in The DAO’s smart contract was exploited, transferring large amounts of funds to accounts controlled by hackers.

Block 1,920,000 / "Ethereum Implements Hard Fork"
Due to the successful execution of the hard fork code, to recover the stolen funds, the Ethereum team implemented an unconventional state change at block 1,920,000. Most of Ethereums computing power switched to the new version supporting the hard fork.

Block 1,920,001 / Birth of Ethereum Classic
It was originally predicted that the unforked old chain would disappear within hours, but some miners continued to maintain the old chain, and off-exchange trading provided value to the old chain token.

July 23, 2016: Poloniex Exchange Lists ETC Trading
The worlds largest Ethereum exchange supported ETC trading; many other exchanges quickly followed suit, with ETC prices reaching one-third of ETH prices.

July 24, 2016: Ethereum Classic Community Formed
The Ethereum Classic community established its own communication channels, including EthereumClassic, Slack, and Telegram.

Block 3,000,000 / Ethereum Classic Upgrade
ETC completed a non-controversial network upgrade, addressing critical issues such as the “difficulty bomb” and “replay attacks.”

March 1, 2017: Adopted Monetary Policy
The ETC community adopted a monetary policy similar to Bitcoin, limiting the maximum number of coins.

March 1, 2017: ETC Investment Fund
Grayscale Investments wrote an investment guide for the “Ethereum Classic Investment Trust,” the first non-Bitcoin crypto fund targeted at traditional investors.

April 24, 2017: Formation of ECC
The ECC oversees funding supporting ETC, ensuring it is efficiently used for the development of the ETC ecosystem.

April 18, 2018: Official Launch of Ethereum Classic China Community.

Halving Mechanism
On December 11, 2017, ECIP 1017 was published, setting limits on the issuance of ETC: when the block height reaches 5,000,000, the block reward will decrease by 20%, with further reductions every 5,000,000 blocks. Due to changes in ETC rewards, the total supply is estimated to be approximately 210 million ETC, with a maximum of no more than 230 million ETC.

ETC will undergo its first halving at block height 10,000,000, reducing the block reward by 20% to 3.2 ETC. This is expected to occur in March 2020.

2. Commentary

Ethereum Classic (Ethereum Classic) is an open-source, public, distributed computing platform based on blockchain technology with smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), capable of executing scripts via an international public node network. Ethereum Classic also offers a value token called “Classic Ether,” which can be transferred between participants, stored in cryptocurrency wallets, and used to compensate participant nodes for computation. Classic Ether trades on cryptocurrency exchanges under the ticker symbol ETC. Gas is an internal transaction pricing mechanism designed to prevent spam on the network and allocate resources proportionally based on the incentives offered.

The Ethereum platform forked into two versions: “Ethereum Classic” (ETC) and “Ethereum” (ETH). Before the fork, the token was called Ethereum. After the fork, the new token retained the name Ethereum (ETH), while the old token was renamed Ethereum Classic (ETC). The emergence of Ethereum Classic stemmed from disagreements with the Ethereum Foundation regarding the DAO Hard Fork. It united members of the Ethereum community who philosophically rejected the hard fork. Users who owned ETH before the DAO hard fork (block 1,920,000) had equal quantities of ETC after the fork.

Ethereum Classic underwent a technical hard fork on October 25, 2016, to adjust the internal pricing of various opcodes in the Ethereum Virtual Machine (EVM), similar to the hard fork implemented by Ethereum a week earlier. The purpose of the hard fork was to distribute payments for resource-intensive computations more reasonably, eliminating the previous advantages for attacks on both ETH and ETC. An early 2017 hard fork successfully delayed the “complexity bomb” added to Ethereum’s code in September 2015, intended to exponentially increase the complexity of mining and the process of computing new network units. At the end of 2017, a hard fork changed the unlimited emission monetary policy to one similar to Bitcoin’s system.

Related Links:

https://ethereumclassic.org/
https://info.binance-cn.com/en/currencies/ethereum-classic
http://www.qukuaiwang.com.cn/szhb/2024.html#jj

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Development History

2020年3月ETC will be reduced for the second time at the block height of 10000000, and the reward will be reduced by 20%. After the reduction, the block reward will be 3.2ETC.

2020年任务Hybrid consensus research and Mesh networks.

2019年1月On January 5-7, ETC was suspected of being attacked by double flowers; On January 16th, according to Slow Fog Technology, all ETC obtained from ETC 51% double flower attack has been returned.

2019年目标Plan to complete scalability improvement and fragmentation; Light clients of IoT and Mobile; Interoperability with other blockchains and improvement of EVM cryptography (no knowledge proof, homomorphic encryption, etc.).

2018年1月Ethernet Classic is ready for side chain integration.

2018年目标Solve Difficulty Bomb；; Release mobile Emerald Wallet；; Release Dapp SDK(Emerald project); Establish a working prototype of Sidechains; Enable the new operation code (compatibility) of ETH; IPFS integration; SputnikVM optimization and JIT compilation.

2017年12月The first halving of the ETC block reward occurred in December 2017, and the block reward was reduced by 20% at the height of 5,000,000.

2017年6月ETC has become the first available digital currency research in Bloomberg Terminal. Apply ETC to crack down on scalping tickets.

2017年3月Ethereum classic community monetary policy passed.

2016年10月The ether classic issued the Declaration of Independence, declaring independence; DAO ETC is unlocked.

2016年7月Ethereum Classic was born. On July 20, 2016, ETHereum finally implemented the hard fork scheme at the height of the 1920000 block, which was divided into two chains, namely ETH chain and ETH Classic chain, and the tokens were called Eth and ETC respectively. After that, the classic blockchain version of Ethereum and its token ETC Ethereum classic appeared.