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View ChartThe real-time price of Ethereum Classic today is $8.73(ETC/USD), with a market capitalization of $1.36B USD. The 24-hour trading volume is $0 USD. The price of ETC to USD updates in real time. Over the past 24 hours, Ethereum Classic has changed by +0.42%, with a circulating supply of 155.44M.
Buy Ethereum ClassicEthereum classic is a cryptocurrency similar to Bitcoin. Don’t confuse it with Ethereum, the cryptocurrency. Ethereum classic operates independently. Ethereum classic operates using the blockchain and consensus rules that originally managed Ethereum. Although Ethereum classic is one of the top cryptocurrencies by market value, its market value is far less than that of Ethereum.Read on to learn how Ethereum classic works, how it differs from Ethereum, and whether it will be a good complement to your cryptocurrency portfolio. Ethereum classics, like every cryptocurrency, may or may not be suitable for you.
Ethereum classic (etc), a cryptocurrency, was launched in 2016 as a hard fork of Ethereum (ETH) – permanent division. Ethereum classic blockchain, like Ethereum network, can support smart contracts and decentralized applications, and maintain its own Ethereum classic token.
Ethereum classics diverged from Ethereum to deal with a major hacking incident, which is rare for cryptocurrency blockchain, but it is not impossible. The hacker attack resulted in the loss of 3.6 million Ethereum tokens. 1 the Ethereum master blockchain responds by updating the blockchain to delete incorrect transactions. Many people in the original Ethereum community disagreed with this practice, which led to bifurcation. Ethereum classic was created using an unmodified Ethereum ledger, which contains transactions from hackers.
The reason why Ethereum classic is different is that it maintains the original Ethereum blockchain. Ethereum classic blockchain uses proof of work protocol to verify transactions, which requires a lot of computing resources to mine etc. 3 although both Ethereum classic and Ethereum currently use the proof of work method, Ethereum also uses a different consensus mechanism called proof of equity (and gradually transition to using only this protocol).
The process of mining Ethereum classic is the same as that of other cryptocurrencies. Computer networks operated by cryptocurrency miners compete with each other to verify blocks of Ethereum classic transactions and forge new etc.
Ethereum classic miners are rewarded with Ethereum classic currency payment. These rewards are generated in the form of transaction fees and network fees, which are collected from users of Ethereum classic transactions or using Ethereum classic blockchain.
Ethereum Classic's price is increasing due to demand outstripping supply, fueled by widespread adoption, positive news, and investor optimism. For in-depth analysis, visit our BTCC Academy.
Ethereum Classic(ETC) has historically grown over time but is volatile. Investment depends on risk tolerance and long-term strategy.
Predicting the exact timing of a Ethereum Classic crash is impossible, as the market is influenced by a complex mix of global economics, regulation, and investor sentiment.
For a long-term investor, understanding this cyclical nature is more valuable than trying to time the next crash. Also visit the BTCC Academy section for technical and marketing information.
The Ethereum Classic All-Time Low (ATL) price was 0.45244601368904114, recorded on 2016-07-25 16:45. This stands as the lowest price for Ethereum Classic(ETC) on record.
The Ethereum Classic All-Time High (ATH) was $176.16, recorded on 2021-05-06 18:35. This represents the highest price Ethereum Classic has ever reached. Please note that this is a historical record, and the live price fluctuates constantly. We recommend monitoring the live ETC price for the most up-to-date information.
Ethereum Classic(ETC) currently has a circulating supply of 155.44M, with its maximum supply capped at 210.70M.
The current market cap of Ethereum Classic(ETC) is $1.36B. The market cap of a cryptocurrency refers to its total circulating supply multiplied by its current price.
Ethereum Classic's 24h trading volume is $0, representing the total value of all Ethereum Classic(ETC) bought and sold across exchanges in the past 24 hours.
The current Ethereum Classic price is $8.73. As the ETC price changes constantly, BTCC offers real-time ETC to USD prices that can be accessed at the top of our crypto price page.
Ethereum Classic can be purchased directly on BTCC using fiat currency or other cryptocurrencies. As a leading crypto futures exchange, BTCC offers over 350 futures contracts with flexible leverage of up to 500x, including ETCUSDT.