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Ethereum Classic Supply

Ethereum Classic Community

Ethereum Classic Community

Vitalik Buterin and The Ethereum Foundation create the first blockchain-based turing-complete smart contract platform Slock.it construct TheDAO Ethereum Contract; a security audit is completed by Dejavu TheDAO smart contract is deployed; members of the public send it value in return for DAO tokens Slock.it announce a $1.5 Million USD proposal, paid in Ether by the crowdfund, 'to guarantee the integrity of The DAO' On the last day of the crowdsale, DAO curator Vlad Zamfir calls for a moratorium on TheDAO, citing many game-theoretical security issues The crowdsale completes to become the world's largest and raising an incredible $150 Million USD Peter Vessenes publicly discloses the existence of a critical security vulnerability overlooked in many Solidiy contracts Stephan Tual publicly claims that TheDAO funds are safe despite the newly-discovered critical security flaw Ether is slowly and silently drained from TheDAO as the re-entry bug is applied The price of Ether is slashed in half as Griff Green announces that TheDAO has been hacked TheDAO's splitting mechanism gives around a month for a solution to be found that recovers the funds; Foundation and community developers race to implement a soft fork A group of 'white-hat' hackers secure 70% of TheDAO funds but protocol-level action is required to save the remaining 30% split by the hacker The Ethereum Foundation releases a 'Soft Fork' client to censor transactions coming from the hacker; mining pools vote to enable it by lowering gas limit Critical Denial of Service flaws are found in the Soft Fork implementation, miners quickly decide not to use it Many days of intense arguing goes on in the Ethereum community about the pros and cons of implementing a Hard Fork The only remaining option is a controversial Hard Fork. Continue reading >>

Ethereum Classic (etc): Everything Beginners Need To Know

Ethereum Classic (etc): Everything Beginners Need To Know

Ethereum Classic (ETC): Everything Beginners Need To Know By: Sudhir Khatwani In: Ethereum Last Updated: The cryptocurrency chaos continues unabated. As we all know, it started with the buzz of Bitcoin , then the blockchain, then Litecoin and Ethereum joined the party. Its easy for newcomers to get overwhelmedby the fact that we have more than 800 cryptocurrenciesat present listed on CoinMarketCap . I have also seen some of these newbies getting influenced by some of the old-timers in the crypto space. And this is no exaggeration in saying that many of these old-times take advantage of the newbies. One such chaotic caseis that of Ethereum (ETH) and Ethereum Classic (ETC). There has been a lot of confusion among relatively new people in this space about which is the original Ethereum, which one has a future, and why there are two Ethereums. Thats why I thought of clearing off some dust and answering such questions which crypto-users might haveregarding Ethereum Classic (ETC). Butbefore answering what ETC is, I think it is important to know about the events whichlead to the creation of Ethereum Classic. Ethereum is the brain child of Vitalik Buterin , a Russian programmer. Vitalik was an earlyadopter of blockchain technology and was the founder of Bitcoin Magazine. He created Ethereum in late 2013 to do things which Bitcoin couldnt do, and formally announced it at The North American Bitcoin Conference in Miami, USAin January 2014. Ethereum was not builtto be a mere cryptocurrency. Rather, it is meant to be a hub where you can code, run, and execute DApps and smart contracts . Read our exclusive Ethereum beginners guide for more details. Two years after the Ethereum project launch, the Ethereum community thought of launching the DAO . In short, the Decentralized Autonomou Continue reading >>

Ethereum Classic Price, Value, Market Cap And Charts | Coinmarketfeed

Ethereum Classic Price, Value, Market Cap And Charts | Coinmarketfeed

Ethereum Classic ( ETC ) is a Mineable Digital Asset which is classified as a CryptocurrencyCoin. Ethereum Classic Price is $8.89 with a Loss of (-5.13 %) in the last 24 hours. It's24 hours Trade Volume is with a Market Capitalization of $546,384,221. It has a Circulating Supply of 110949519 ETC with a Maximum Supply of 110949519 ETC. It's All Time High (ATH) Price is $44.05 which was on 2017-12-20 00:00:00. Itis ranked #17 by Market Capitalizationwith a MarketDominance of - . Most Active Ethereum Classic Exchange is - with a 24h tradeVolume of $546,384,221 that is - of Global Volume reported by Top Cryptocurrency Exchanges. Now you can track Ethereum Classic Value Check out Most Popular Ethereum Classic Wallet and their security features. Stay updated with Latest Ethereum Classic News . Ethereum Classis Initial Release Date: 30th July 2015 Ethereum Classis All-Time High (ATH) is $45 Ethereuem Classic was produced as a result of Hard Fork from Ethereum post the DAO debacle. During June 2015, Ethereums Implementation of DAO had a glitch which was used to hack almost $11 million worth of coins. The supporters of an immutable Blockchain were against the Hard Fork decision made by the Ethereum Community after mining support based voting. The Ethereum Classic resembles Ethereum protocols and functionality, however, the DApps supported on these two blockchains platform are different and not interchangeable. Ethereum Classsics mining statistic show that it is more popular in China. Ethereum Classic team has a focus on IoT applications, and runs a mathematically verified Ethereum Virtual Machine which acts a cloud computer for processing executing smart contract data. Continue reading >>

Ethereum Classic Leads The Way In Blockchain Interoperability

Ethereum Classic Leads The Way In Blockchain Interoperability

Ethereum Classic Leads the Way In Blockchain Interoperability ETC adoption increases as interoperability moves intofocus The Scalability Trilemma shows us that Blockchain systems must deal with trade-off decisions at their inception. Different consensus models provide different qualities that become the base DNA of their respective blockchain platforms. Proof-Of-Work systems are great for securing valuable assets with their unforgeable costliness protection, while Proof-of-Stake systems can facilitate much faster transactions at scale. Even at a 10,000 foot view, the decisions at such a fundemental layer have huge ramifications on use cases and point to a likely eventuality: there will be multiple blockchains. The transfer of value is only one use case, but that use case alone comes with multiple flavors. Large value transfers are less concerned with speed and scalability, and much more focused on security (possibly even zk-snark powered anonymity). A content paywall platform would need to facilitate thousands of fast micro-transactions for viewers to seamlessly enjoy their content without friction. One Phone for Every Blockchain YoullNeed But for every simple and straightforward payments case, there are 100s of new and innovative use cases that blockchain makes possible. How do we handle Non-Fungible tokens? What about machine-to-machine payments? Self Sovereign identity? The answer isnt in one blockchain, but in multiple blockchains evolving together through interoperability. Ethereum Classic has been heavily investing time and energy into interoperability, with not 1, but 4 different projects emerging over the last few months. As a leader in decentralization and immutability, developers are flocking to this Build First mentality and they are pioneering the first ste Continue reading >>

Ethereum Classic (etc)

Ethereum Classic (etc)

CCN: Bitcoin, Ethereum, ICO, Blockchain & Cryptocurrency News Ethereum Classic is an open-source, public, decentralize blockchain-based computing platform supporting smart contract (in the form of scripting) functionality. It presents a distributed Turing-complete virtual machine called the Ethereum Virtual Machine, which can run scripts using a worldwide network of public nodes. Ethereum Classic also provides a token called "classic ether", which can be exchanged between members, saved in a digital currency wallet and is used to reward member nodes for computation power contributed. The ether token is traded on crypto markets the symbol ETC. Gas, an internal exchanging pricing mechanism, is employed to prevent spam on the network and allocate resources according to the incentive offered by the request. Ethereum Classic was born as a result of a disagreement with the Ethereum Foundation concerning The DAO Hard Fork. It includes a group of members of the Ethereum community who rejected the hard fork. Member having ETH before the DAO hard fork (1900000th block) obtained the same amount of ETC after the fork. Continue reading >>

Etcusd - Ethereum Classic Price Chart Tradingview

Etcusd - Ethereum Classic Price Chart Tradingview

emiguru_konstantin PRO ETCUSD, 240, Long , It looks like Ethereum Classic consummates the correction and is ready for another upsurge. The approximate target for the next surge is 1.618 fib of the previous wave. Breaking through the previous high significantly increases the possibility of upside movement. ARE WE HOLDING BTC OR ETC ? LET CHECK IT OUTSee the chart btc/usd and etcusd within 7-14 days, they are same :) so be careful Lately, the influx of demand for bitcoin and other cryptocurrencies have allowed the total market capitalization of cryptocurrencies to surpass the $500 billion mark. With the increase in total market cap, large cap coins have seen a breakout of its own, leading to unprecedented gains and new all time highs, namely, LTC, DASH, XMR, XRP and now ETC. Ethereum ... IMO ETC is setting up for a breakout to new all-time high (on Bitfinex). It tried yesterday and failed but I believe this time it will breakout. NEW UPDATE DUE TO LAST CHART ETCUSD, FAKE RALLY ? OR GO TO $38 ? In lots of squeezes, fibs are lining up.....might get a little pull back before we break out but start picking up and hold till we tag up in the 36 mark. Ethereum Classic / Dollar Possible Scenario Ethereum Classic / Dollar Possible Scenario. Wait for Break of Trend line then go Long. ohenrik PRO BTCUSD*0.02+BCHUSD*0.08+ETHUSD*0.31+EOSUSD*68.87+IOTUSD*168.01+LTCUSD*1.62+ETCUSD*5.9+DASHUSD*0.24+BTGUSD*0.51+ZECUSD*0.37, D, Long , Index view of Crypto currencies (1000$ total) This is a test of an index view of the top 10 crypto currencies traded on 14.11.2017. They are weighted so that each coin is bought for ~100$ each. The main point of this graph is to test out index graph on Tradingview and to see how much (or little) those 1000$ becomes in a month, quarter, year etc.The 10 crypto Continue reading >>

What Is Ethereum Classic? Introduction To Etc

What Is Ethereum Classic? Introduction To Etc

What is Ethereum Classic? Introduction To ETC What is Ethereum Classic? Introduction To ETC Before there was Ethereum... the "original" chain, with all that entails. What is Ethereum Classic? In fact, WHY is Ethereum Classic, might be a better question! Their stories are intertwined, as their shared name suggests. For the first 1.92 million blocks, the two have the exact same transaction history. But not long before block 1920000, a bad thing happened to Ethereum . The DAO, a decentralized organization established to promote dapps and development in Ethereum, suffered a hack due to a vulnerability in its smart contract. Over 6.2 million Ether were lost to the attackers. In todays figures, that would amount to more than $2 billion. Needless to say, the community was shocked by these events. Over 10% of the Ethereum that existed had been invested into the DAO , it having funded in record time. Its members represented some of the most renowned minds in the Ethereum community. A decision was made to hardfork with changes to the blockchain that effectively returned the funds to the DAO and repaired the flaw in its smart contract. This decision was not universally agreed upon. A lot of people made detailed arguments in favor of it while enough people also argued against it. Here are some of the reasons it was felt that to hard fork at the behest of the DAO was the wrong thing to do: The flaw which enriched the hacker was not a flaw in Ethereum, but a flaw in the DAOs own code. Therefore its not much different than a government handing out money to corporations who get robbed it probably doesnt help corporations learn from their mistakes and its not the governments job anyway. A hard fork to solve a one-off problem that isnt a side effect of the blockchain itself lessens the Continue reading >>

Etc(ethereum Classic) - Binance.com

Etc(ethereum Classic) - Binance.com

Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called "classic ether", which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request. The Ethereum platform has been forked into two versions: "Ethereum Classic" (ETC) and "Ethereum" (ETH). Prior to the fork, the token had been called Ethereum. After the fork, the new tokens kept the name Ethereum (ETH), and the old tokens were renamed Ethereum Classic (ETC). Ethereum Classic appeared as a result of a disagreement with the Ethereum Foundation regarding The DAO Hard Fork. It united members of the Ethereum community who rejected the hard fork on philosophical grounds. Users that owned ETH before the DAO hard fork (block 1920000) own an equal amount of ETC after the fork. Ethereum Classic passed a technical hard fork to adjust the internal prices for various opcodes of the Ethereum Virtual Machine (EVM) on October 25, 2016, similar to the hard fork committed by Ethereum a week previously. The purpose of the hard fork was a more rational distribution of payments for resource-intensive calculations, which led to the elimination of the favorable conditions for attacks that were pr Continue reading >>

Ethereum Classic | Beginners Guide

Ethereum Classic | Beginners Guide

Ethereum Classic is the original Ethereum blockchain and allows for the implementation of decentralized applications and smart contracts. The project was born out of an unwavering belief in core principles. It symbolizes the importance of a cryptocurrency being fungible and its blockchain immutable. The Ethereum and Ethereum Classic blockchains were identical all the way up to block 1920000. But then the infamous DAO changed a blockchain and cryptocurrency forever. A smart contract known as The DAO, the Decentralized Autonomous Organization was created on the Ethereum platform. The DAO was essentially a venture capital fund where investors would vote on how to allocate capital. The fund was so popular that it attracted roughly 14% of all Ether in existence at the time, raising 150 million dollars. The advantage and disadvantage of a smart contract is the autonomous execution. In this case, the smart contract had a design flaw that allowed someone to steal over 3.6 million Ether from The DAO. Vitalik Buterin, creator of Ethereum, and the majority of the community wanted to perform a hard fork that would roll the blockchain back to block 1920000 to before the hack so that funds could be returned. You can read more about the controversy and the decision to hard fork Ethereum here . After the hard fork to return peoples funds, the original Ethereum blockchain remained and is now known as Ethereum Classic or ETC. The community that continued to mine and support the original blockchain believe there should be no outside influence on what was supposed to be an immutable blockchain. Ethereum Classic has since blazed its own trail in the cryptocurrency world. In the long run, the Ethereum Classic community hopes there is value in taking the principled approach that code is law. Continue reading >>

Ethereum Classic: The Ungoverned Blockchain?

Ethereum Classic: The Ungoverned Blockchain?

How does anything get done if there are no leaders? Why hasnt ETC died by being abandoned by the Ethereum Foundation after TheDAO hard fork? The ecosystem of participants and stakeholders working in and around the ETC network is examined in outline below. So, where and how does ETC governance happen? Making changes to Ethereum Classic consensus rules is ungoverned in a similar way to Bitcoin and Ethereum with little appetite for large numbers of consensus-breaking upgrades. Currently it is an ad hoc process where ECIP proposals are raised on Github, discussed in public/semi-public fora and should they be widely supported without contention locked-in to the nominally canonical Classic-Geth client with the other clients (Parity Labs eponymous software and IOHKs Mantis) merging in response. In the case of a contentious proposed upgrade some arbitrary signalling criteria could potentially be set (i.e. % of miners upgrade/signal, on-chain carbon vote as used by ETH to justify DAO hard fork) though this has not occurred in ETC since the events which led to the creation of the network. Source: On-chain Carbon Vote for TheDAO fork on Ethereum. Source: As with other networks based on the original Ethereum design, some parameters such as adjustments to the gas limit per block restricting the amount of EVM computation in a similar way to block size / weight in Bitcoin-derived networks can be enacted in small increments on a per block basis via miner signalling. There is currently some discussion to motivate a decrease in the gas limit per block in order to avoid the chain growth rate issues which make running ETH full nodes a challenge in terms of burdensome resouce requirements. The likely aggregation of ETC hashrate among a small number of big mining farms, cooperatives and poo Continue reading >>

Ethereum Classic (etc): Growth Analysis Of Ethereum Hard Forks Market

Ethereum Classic (etc): Growth Analysis Of Ethereum Hard Forks Market

Ethereum Classic (ETC): Growth Analysis of Ethereum Hard Forks Market ETC is the original ethereum block which allows the implementation of decentralized applications (dApps) and smart contracts. It believes in the importance of the cryptocurrency being fungible and an unchangeable blockchain over time. Ethererum Classic is a hard fork of Ethereum, which was established to roll the blockchain back to block 1920000, forever changed by the Decentralised Autonomous Organisation (DAO) leading to design flaw on the smart contract and a loss of over 3.6 million Ether. The majority of the community that continued to mine and support the original block did not want any outside influence on the immutable blockchain, and since then Ethereum Classic has blazed its trail in the crypto world. ETCs blockchain majorly consists of Smart Contracts which primarily focuses on eliminating innumerable intermediary services in banking, file storage, insurance, identity and reputation services. These smart contracts are executed by the Sputnik Virtual Machine- a turing complete machine. ETC is completely distinct from Ethereum in mining and coins supply. Whilst Ethereum works on Proof of work consensus with an in-built difficulty bomb, which makes mining harder over time, ETC intends to stick with Proof of work algorithm without the difficulty bomb. The block times are short, 10-14 second block times with a reward of five ETC per block, which makes the transaction fees relatively low with an average of about one cent. ETC is a safer investment place as the value of the coins will not decrease over time due to its never-ending supply. Ethereum Classic (ETC) stands in the 18th position in the crypto market. According to the stats from CoinMarketCap, ETC is trading with its MCap value of $465,6 Continue reading >>

Ethereum Classic - Wikipedia

Ethereum Classic - Wikipedia

Ethereum Classic is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [1] [2] It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called "classic ether", which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request. [3] [4] [5] [6] The Ethereum platform has been forked into two versions: "Ethereum Classic" (ETC) and "Ethereum" (ETH). Prior to the fork, the token had been called Ethereum. After the fork, the new tokens kept the name Ethereum (ETH), and the old tokens were renamed Ethereum Classic" (ETC). Ethereum Classic appeared as a result of disagreement with the Ethereum Foundation regarding The DAO Hard Fork. It united members of the Ethereum community who rejected the hard fork on philosophical grounds. Users that owned ETH before the DAO hard fork (block 1920000 [7] ) owns an equal amount of ETC after the fork. Ethereum Classic passed a technical hard fork to adjust the internal prices for various opcodes of the Ethereum Virtual Machine (EVM) on October 25, 2016, similar to the hard fork committed by Ethereum a week previously. The purpose of the hard fork was a more rational distribution of payments for resource-intensive calculations, which led to the elimination of the favorable con Continue reading >>

What's The Difference Between Ethereum And Ethereum Classic?

What's The Difference Between Ethereum And Ethereum Classic?

What's the Difference Between Ethereum and Ethereum Classic? A divorce that shook the Crypto world By Aziz, Founder of Master the Crypto No responses Home Ethereum Whats the Difference Between Ethereum and Ethereum Classic? This article explores the difference between Ethereum and Ethereum Classic (ETH vs ETC); why do they seem similar and what are its implications? Read on to find out more. Whats the Difference Between Ethereum and Ethereum Classic?Powered by Master The Crypto Ethereum is a platform that facilitates the creation of decentralized applications, utilizing the power of smart contracts; pre-programmed codes that are self-executing and doesnt require any 3rd parties to operate. Anyone can build applications on the Ethereum blockchain, which is a public, open-source ledger. The closest analogy is that Ethereum represents an app store in your smartphone. It allows any developers to create smartphone apps that users can publicly download. (See more: Crypto ICO vs. Stock IPO: Whats the Difference? ) Ethereum started out as a single Blockchain (think of it as a single Lego tower thats stacking up continuously). There are various applications that can be built on top of Ethereum, and one such application was a decentralised corporation called the DAO (Decentralised Autonomous Organization). The DAO operated like a hedge fund, essentially collecting funds to invest in the development of other applications. Unfortunately, the DAO got hacked, and a tune of over 50 million dollars was stolen. (See also: Guide on Identifying Scam Coins ) At this point, the core developers had 2 options: Allow the continuation of the chain, since the nature of Blockchain is that it is immutable, and cannot be altered Reverse the tran Continue reading >>

What Is Ethereum Classic

What Is Ethereum Classic

This guide was created with the purpose of answering any question user may have regarding Ethereum Classic (ETC) . In order to understand why and how ETC has come into existence, it's important to understand the events that lead to its creation: The DAO hack and the hard-fork. If you haven't followed these events, click here to read a brief summary. Ethereum Classic is not a new cryptocurrency, but instead a split from an existing cryptocurrency, Ethereum. Both blockchains are identical in every way up until block 1920000 where the hard-fork to refund The DAO token holders was implemented, meaning that all the balances, wallets, and transactions that happened on Ethereum until the hard-fork are still valid on the Ethereum Classic Blockchain. After the hard-fork, the blockchains were split in two and act individually. Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of smart contract and Decentralized applications, and has all the same specifications, such as average block time, size and reward. Part 2- Why was Ethereum Classic created The Hard-fork has been a controversial subject, that has split literally split the Ethereum community in two. Both sides have made some valid points regarding their position on the hard-fork debate. Users that did not support the hard fork point out that Code is law - the original statement of The DAO terms and conditions should stand under any circumstances Things that happen on the blockchain are immutable and they should never changeregardlessof whatthe outcome is There is aslipperyslope and once you modify / censor for onecourse/reason there is not a lot to keep you from doing it for other contracts The decision to return the money is short sighted and you might reduce the value of ETH d Continue reading >>

Best Ethereum Classic (etc) Wallets 2019 Edition

Best Ethereum Classic (etc) Wallets 2019 Edition

Ethereum Classic is an open source, decentralized, censorship-resistant, permissionless blockchain with a fixed monetary supply and the ability to run Turing-complete smart contracts. Smart contracts are a computerized transaction protocol that can manage and execute the terms of a contract autonomously. Ethereum Classic was created on July 20, 2016 at Ethereums (ETH) block 1920000 when the chain hard forked to return funds from the DAO hack. Investors who opposed the hard fork chose to preserve the original classic chain. For them, fungibility and immutability were required to give the network any value. These conceptual differences caused the emergence of two Ethereum blockchains and preserve the Ethereum Classic chain today. How to choose best wallet for Ethereum Classic coins? Once you bought your first coins, you will want to move them off the exchange and to your own wallet, especially if you plan to hold them long-term. On hosted Bitcoin wallets such as Coinbase or Bitcoin exchanges like Binance , Kucoin , Bittrex, Bitfinex or Poloniex . If thats your answer, then you should know that you are putting the ownership of your coins under great risk!! These services keep your coin private keys under their custody on your behalf, which is not a safe practice, because the only way to claim your coins is your coin private key. If you dont know, consider reading this guide on the MtGox hack , and private keys . So now the question is, where your coins should be kept? Moreover, when selecting a reliable wallet one needs to look for the following things, irrespective of whether it is a hardware or a software wallet: Compatibility The wallet should be compatible on different operating systems. Ease of use Elegant user interface for quick and easy use. Developer community Ac Continue reading >>

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