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Ethereum Classic Supply

Ethereum Classic (etc) $8.86 (-8.99%) Price, Supply Details - Overview, Profile, Metrics | Messari

Ethereum Classic (etc) $8.86 (-8.99%) Price, Supply Details - Overview, Profile, Metrics | Messari

Ethereum classic is an open source platform for decentralized smart contracts. 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 Ethereum's (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. Not long after the fork with Ethereum, the ETC community prioritized a well-defined monetary policy. This was formalized1 in early 2017, with the key feature being a guaranteed cap of 230,000,000 ETC. This is to be achieved by reducing block rewards by 20% every 5,000,000 blocks, starting at block 5,000,000. The Ethereum Classic community is also committed to retaining Proof-of-Work consensus. The 2019 ETC Summit will be in Dowtown Vancouver on October 3rd and 4th. Save the date!More details, speakers, and agenda to come soon! Want to learn more about what the ETC network actually looks like? Tons of data is available by analyzing it on Google BigQuery. Check out our very own Yaz Khoury's analysis below. medium.com/ethereum-classic/analyzing-ethereum-classic-with-google-bigquery-df55822ec6a6 Bob Summerwill is joining the ETC Cooperative! Bob became interested in ETC back in May at EDCON. Then he joined us at the ETC Summit in September. Now he's completely dived in 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 >>

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 >>

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 >>

Ethereum Classic Vs Ethereum: A Step-by-step Guide | Finder.com

Ethereum Classic Vs Ethereum: A Step-by-step Guide | Finder.com

Born out of a hack and a philosophical disagreement in the Ethereum community, Ethereum Classic has become one of the top cryptocurrencies on the market. Starting life as Ethereum, Ethereum Classic (and its value token, ETC) is the result of a long debate over how cryptocurrencies should handle disagreements within the community and data hacks. That does not mean its in any way a lesser entity than Ethereum. On the contrary, the community behind Ethereum Classic aims to make Ethereum Classic the best cryptocurrency on the market. Ethereum Classic is an open-source, peer-to-peer, computing platform based on blockchain technology and the original Ethereum code. Just like Ethereum, it provides a value token, or altcoin, called classic ether which is used to pay users for products and services, and as a transaction fee when using decentralized apps and smart contracts. The story behind The DAO attack and subsequent hard fork decentralized autonomous organizationbuilt on the Ethereum platform. It was meant to allow users to invest in the development of decentralized apps to run on the Ethereum blockchain. By May 2016, The DAO had accumulated over $150 million, and was ready to begin its operations. Then a paper was released detailing a security flaw in the DAO architecture. Developers of The DAO ignored the concerns raised and moved forward with their operations. In June 2016, The DAO was hacked using the same security flaws outlined in the paper and approximately $50 million were stolen. This hack and the debate that followed it caused a schism in the Ethereum community. On one hand, Ethereum developers could revert the hack back, returning all Ether coins to their respective owners. On the other hand, the very core philosophy of cryptocurrency is that the transactions can 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 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 >>

After Ethereum Classic Suffers 51% Hack, Experts Consider - Will Bitcoin Be Next?

After Ethereum Classic Suffers 51% Hack, Experts Consider - Will Bitcoin Be Next?

I cover financial technology within the European sector After Ethereum classic suffers an anonymous 51% hack, whats the possibility that Bitcoin will be next? It took 24 hours to notice but on the 5th January 2019, Ethereum Classic (ETC), better known as Ethereums (ETH) little brother, was hacked using a rare 51% attack. In essence, a single person was able to control around 60% of the mining power, creating a longer blockchain which gave them the ability to double spend. Something that was picked up by Coinbase and led to the index and others freezing Ethereum Classic from trading.Ethereum Classic is the 18th-largest cryptocurrency, according to CoinMarketCap . Understandably people in the industry are worried, so I asked the experts whether more attacks are likely and if so, could a 51% attack hit the larger cryptocurrencies such as Bitcoin? Nir Kabessa , President of Blockchain at Columbia University, speculates that while difficult, attacks on the larger cryptocurrencies are no longer out of reach. With both the hash power securing Ethereum Classic and the market cap of its token supply being less than 1/20th that of the Ethereum main chain, its not particularly surprising that Classic was successfully 51% attacked. Now that its clear its much cheaper to 51% attack supposed top tier projects than many might have assumed, how long until trading is halted amongst notable exchanges? ETCs value was supposed to be in its absolute immutability. It certainly isnt immutable anymore which may compromise its mission and change the communitys definition of immutability. If and when Bitcoin and Ethereum are 51% attacked, the distributed ledger community at large should consider a deep re-evaluation of proof-of-works security profile. However, coordinating attacks on those larg Continue reading >>

Price Analysis Of Ethereum Classic (etc) As On 20th May 2019

Price Analysis Of Ethereum Classic (etc) As On 20th May 2019

With the addition of Ethereum Classic (ETC) in the Abra Wallet, it now becomes accessible for trading Ethereum Classics new updates focus on increasing the security features of the platform It was in 2016 that Ethereum Classic forked from Ethereum and became that twin which is much more secure and reliable. The market of Ethereum Classic has shown tremendous growth since then, ETC is now standing firmly in the top 20 global rankings. The team of ETC token keeps posting recent updates and announcements around the currency, keeping the users interested and creating buzz around the latest developments. The market sentiment is good. According to the CoinMarketCaps global top 100 cryptocurrencies list, Ethereum Classic has been placed at the 18th position As on May 20, 2019, at 03:44:01 UTC, the market cap of the coin is 865,711,097 USD The price of ETC is trading at 7.83 USD & 0.00097289 BTC The circulating supply of the coin is equivalent to the total supply which is 110,583,382 ETC As on April 21, 2019, at 11:34:00 UTC, the market cap of ETC was noted at 678,430,102 USD, and the price was trading at 6.17 USD & 0.00116370 BTC. This reflects an upward trend of over 26% in the last one month with the price peaking as high as 8.39 USD and dipping as low as 5.30 USD. In the last 7 days, the highest price was almost the same while the lowest was noted at 5.86 USD. The 24 h volume at the same UTC was recorded at 350,858,200 USD. ETC will reach its first resistance level in the next few days at 8.14 USD. Ethereum Classic Price Prediction until 2020: Ethereum Classic reached its all-time high in December 2017 at 47.77 USD. The value of the coin moved between the range of 5 USD & 4 USD in the first 3 months of 2019 post which it started showing a steep upward movement and crossed 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 >>

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 >>

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 >>

How To Buy Ethereum Classic

How To Buy Ethereum Classic

Join our newsletter to receive updates from EthereumPrice.org. Ethereum Classic (ETC) was formed in July 2016 following the infamous DAO Hack which took place on the Ethereum (ETH) chain. An exploit in the smart contract underlying the DAO (decentralized autonomous organization) enabled an attacker to syphon millions of Ether which had been invested into the DAO smart contract. The attack resulted in a contentious hard fork by the Ethereum Foundation, effectively reversing the malicious transactions and returning stolen funds to the DAOs investors. Many regarded this as deplorable censorship on the blockchain (whereby all transactions are immutable), and as a result the original Ethereum chain was maintained and rebranded as Ethereum Classic. Kraken has the world's largest cryptocurrency volume in EUR. Comparison disclosure: EthereumPrice.org provides a free (and advert-free) Ethereum price tracker. However, in order to sustain this free tool we have partnered with and receive commission from some of the platforms listed above. Ethereum Classic has a lower market cap than Ethereum, however its potential for growth has been very apparent since it was formed in July 2016. To understand the possible return on investment for ETC, it is best to first look at the key players behind the cryptocurrency and their role in ensuring its success. Barry Silbert: Ethereum Classic Investment Trust Barry Silberts Grayscale Investments is an investment firm which was started as a means to make purchasing Bitcoin and Ethereum Classic easy for mainstream investors. The ETC Trust purchases and secures Ethereum Classic tokens on its shareholders behalf, taking a small premium on each share sold. The trust launched in April 2017 with initial capital of $10M. Grayscale Investments has played 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 (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 >>

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