Ethereum Classic Overview
Ethereum Classic (ETC) is a decentralized, open-source blockchain platform leveraging proof-of-work (PoW) consensus to execute smart contracts and host decentralized applications (dApps). Born from a 2016 ideological split following Ethereum's DAO hack reversal, ETC prioritizes immutability, censorship-resistance, and adherence to original blockchain principles.
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Key Features of Ethereum Classic
- Smart Contracts: Executed via the Ethereum Virtual Machine (EVM), written in Solidity.
- Tokenization: Supports creation of utility tokens, NFTs, and security tokens.
- Decentralized Governance: Maintained by a global community opposing centralized interventions.
Ethereum Classic Price Converter
| Metric | Details |
|-----------------|----------------------------------|
| Current Price | Dynamic ETC/USD rate (live) |
| 24h Trading Volume | Updated in real-time |
Note: Prices fluctuate based on market demand, adoption, and macroeconomic factors.
Ethereum Classic Supported Platforms
ETC is tradable across major exchanges, including:
- Centralized Exchanges (CEXs): Binance, Coinbase, Kraken
- Decentralized Exchanges (DEXs): Uniswap, Sushiswap
Why Invest in Ethereum Classic?
- Immutability: Transactions cannot be altered post-confirmation.
- Security: PoW consensus resists 51% attacks (post-2020 upgrades).
- Use Cases: From DeFi protocols to supply-chain tracking dApps.
FAQs About Ethereum Classic
Q: How does ETC differ from ETH?
A: ETC rejects Ethereum’s DAO hack reversal fork, upholding "code is law" ethos.
Q: Is Ethereum Classic scalable?
A: Layer-2 solutions like Sidechains enhance throughput while preserving decentralization.
Q: Where can I store ETC securely?
A: Use hardware wallets (Ledger, Trezor) or ETC-native wallets (Emerald Wallet).
Conclusion
Ethereum Classic remains a stronghold for blockchain purists, offering a trustless environment for developers and users. Its resilience and growing ecosystem make ETC a noteworthy asset in the crypto space.
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