Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Ozark on September 21, 2018, 12:13:33 PM
-
Everything You Need To Know About Ethereum Classic
What is Ethereum Classic?
Ethereum Classic, like most other cryptocurrencies, is a platform based on decentralized blockchain technology, making it a public, open-sourced platform. It is fueled by its cryptocurrency, called Ether Classic (ETC). Much like its popular counterpart, Ethereum, it can be used to run Decentralized Apps (DApps) and perform transactions using Smart Contracts.
Ethereum Classic’s conception was a result of the flaws in the DAO (Decentralized Autonomous Organization) which was formed by the group of investors looking to use Ethereum’s Smart Contract technology. With the DAO’s rising popularity, the stakes were high, with funds locked in the DAO contract for use by the organizations. However, in June of 2016, a hacker stole about 3.6 million of the ETH present in the funds, causing a massive uproar throughout the community. The news dealt heavy damage to the then nascent cryptocurrency industry. The Ethereum team, including its founder, Vitalik Buterin, had to look for solutions.
The solution proposed was a ‘Hard Fork’ - where a radical change is introduced into the blockchain code, which makes the blocks either invalid or valid and requires the users to upgrade to the new versions should they want to continue using the blockchain. In simpler (but less accurate) terms, think of it as the entire Ethereum community going back to an older point in their blockchain where the funds had never been stolen, and then patching the DAO vulnerability to not the let hack happen again.
Thus, the code of Ethereum tokens (including the ones which were stolen) was changed, rendering the tokens stolen unusable. The original amount of tokens invested was returned to the investors via a new Smart Contract, and the code of the ETH was changed forevermore.
However, the move caused fresh controversy. Some people argued, and perhaps rightly so, that ‘Code is Law’ and that the law could not be changed to suit the interests of a few organizations. They broke away from the Ethereum community and continued using the old code of the Ethereum, renaming it Ethereum Classic. The token is being kept alive by many who believe in using the untouched version of Ethereum, and consider the untampered, completely decentralized blockchain network, along with irreversible Smart Contracts to be its strength. More on CoinSwitch (https://coinswitch.co).
Value of Ethereum Classic (ETC) Today
Ethereum Classic rose to 5.93% and its price for today is $11.36. Its current circulating supply is ETC 104,702,396 with a market cap of US$1,190,317,087 billion according to CoinMarketCap (https://coinmarketcap.com/currencies/ethereum-classic/).
What do you think would be the price of ETC these coming days? Let us know your thoughts below.
-
At the time of writing, Ethereum Classic is up by a minimal 0.03% and its price now is $11.44. Its current circulating supply is 104,730,098 ETC with a market capitalization of $660,833,887 million based on coinmarketcap.com (https://coinmarketcap.com/currencies/ethereum-classic/).
-
Ethereum Classic price for today is $11.45. Its current circulating supply is 104,733,556 ETC with a market cap of $1,198,744,478 billion according to CoinMarketCap (https://coinmarketcap.com/currencies/ethereum-classic/).
-
At this moment and time, Ethereum Classic climb-up to 6.15% and its price now stands at $11.24. Its current circulating supply is 104,831,902 ETC with a market cap of US$1,177,944,952 billion according to CoinMarketCap.com (https://coinmarketcap.com/currencies/ethereum-classic/).
-
Ethereum Classic price today is $11.23 it's up by 1.99%. Its current market capitalization is $112,737,473,821 billion. https://coinmarketcap.com/currencies/ethereum-classic/
-
New Ethereum Classic Update :
Price is $11.23 USD it's up by 0.89% for the last 24 hours. With huge market capitalization. Its arround $1,177,569,085 USD. with trading volume : $173,529,122 USD
Now, ETC is one of trader favorite.
News source :
https://coinmarketcap.com/currencies/ethereum-classic/
-
Ethereum Classic Price for today is $11.34 it's up by 0.68% at the time of writing. Its market capitalization now stands $1,188,993,359 billion with a circulating supply of 104,882,295 ETC based on the data at CoinMarketCap.com (https://coinmarketcap.com/currencies/ethereum-classic/).
-
Price Update:
Ethereum Classic price for today is $11.24 down by 1.37%. Its current circulating supply is 104,917,979 ETC with a market cap of $1,179,343,189 billion. https://coinmarketcap.com/currencies/ethereum-classic/
-
At this moment ethereum classic price is $11.2828 last one hour up 0.09% last 24hours growth 1. 02% now ethereum classic is 15 place in coinmarketcap today it's start with green signal.
-
Ethereum Classic price for today is $11.15 as it's down by 1.72%. Its current circulating supply is 104,953,515 ETC with a market capitalization of $1,170,286,892 billion. Source: https://coinmarketcap.com/currencies/ethereum-classic/
-
Currently the price of Ethereum classic (ETC) is $11.02.Its market capitalization $1,157,058,674USD.It has a current circulating supply of 105,043,751ETC.
-
Everything has changed bro! At the time of writing, Ethereum Classic price is down by 0.69% and valued $10.96. Its current market capitalization is $1,151,523,502 USD with a circulating supply of 105,062,222 ETC. Source: https://coinmarketcap.com/currencies/ethereum-classic/
-
Just an update. Currently, Ethereum Classic is down by 0.17% and it's trading at $9.82 today. Its market capitalization now stands $1,034,047,165 billion with 105,310,203 ETC in circulation. The 24-hour price movement indicates that $10.23 worth of ETC were trading. The price peaked to $10.23 in the last 24 hours while the lowest price was $9.31 according to CoinMarketCap (https://coinmarketcap.com/currencies/ethereum-classic/).
-
Today the price of Ethereum Classic(ETC) is $9.72.Ethereum Classic's price is down by -1.14% today.Its market capitalization $1,023,991,336.It has a current circulating supply of 105,332,637ETC.24hours volume $115,579,309.
-
Today ethereum classic price is good down at this moment ethereum classic price is $ 9.55. last hour down by - 0.17% last 24 hours down by -2.42%. at last seven days ethereum classic performance is very good it was reached $10.17.
-
Ethereum classic price decreased -1.96% in last 24hours and -6.07% decreased in last sevan days.ETC current price is $6.89 with total market cap of $801,584,075.Ethereum classic is potential and reliable project.so etc is suitable coin in invest.
-
At last 24 hours ethereum classic almost maintaining stable condition because it's price $6.8 but it's trade volume is decreased from $840 million to $756 million although there no big drop it's last 24 hours growth is +0.42%.