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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 | 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 (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 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 >>

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 >>

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 >>

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 >>

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 >>

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? 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 >>

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 >>

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 >>

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