About Ethereum Classic
Ethereum Classic is a cryptocurrency with a special focus on immutability, popularly expressed as “code is law.”
Buy Ethereum ClassicHappening now
AI generated 8h ago
ETC declined ↘8% this Monday afternoon, underperforming Smart Contract Platform peers like AVAX.
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Buyer Ratio
Traders
601
65.11%
Buyers
334
95.32%
Sellers
291
41.26%
Searched
440
Market Stats
Market Cap
€2.41B
FDV
€3.31B
Circ. Supply
154M ETC
Max Supply
211M ETC
Total Supply
211M ETC
Performance
Popularity
#40
Dominance
0.08%
Volume (24H)
€173.13M
51.03%
Volume (7D)
€1.49B
Volume (30D)
€2.20B
All time high
€148.32
Price Change (1Y)
-2.35%
Additional details
Market details
ETC vs markets
↘ 44.45%
ETC vs BTC
↘ 44.46%
ETC vs ETH
↘ 39.07%
Tags
mineable
pow
ethash
platform
+4
Network & Addresses
Network | Address | |
---|---|---|
Ethereum Classic | NA |
Price history
Time | Price | Change |
---|---|---|
Today | €15.72 | ↘ 4.22% |
1 Day | €16.48 | ↘ 4.22% |
1 Week | €17.22 | ↘ 8.95% |
1 Month | €20.47 | ↘ 23.02% |
1 Year | €16.95 | ↘ 2.35% |
Coinbase insights
Happening now
AI generated 8h ago
ETC declined ↘8% this Monday afternoon, underperforming Smart Contract Platform peers like AVAX.
Market Position
•
Volume surged ↗111% daily but ranks eleventh in Smart Contract Platforms category
•
Monthly decline of ↘26% substantially underperforms category average ↘8% drop
•
Distance from all-time highs at ↘89% exceeds most category performers
Past Stories
Recent trends
The latest ETC price is €15.72. Compared to Ethereum Classic's value of €16.48 from 24 hours ago, there's been a -4% decrease, while the current price is -9% down from €17.22 which was recorded one week ago. Ethereum Classic's all time high is €148.32, which was reached on May 6, 2021. This is a -89% change from its price today.
The current circulating supply of Ethereum Classic is 153,627,565. This is 73% of its max supply of 210,700,000 ETC and 73% of its total supply of 210,700,000. The market cap is currently €2.41B, which is a result of multiplying the current price of Ethereum Classic(€15.72) by the total supply(210,700,000 ETC). The fully diluted valuation of Ethereum Classic is €3.31B. The diluted valuation of Ethereum Classic is €3.31B.
Ethereum Classic had 334 buyers, 291 sellers and total 601 trades in the last 24h. Ethereum Classic was searched 440 times in the last 24h.
FAQ
Ethereum Classic (ETC) is a decentralized, open-source blockchain network that came into existence in July 2016 after the Ethereum network experienced a hard fork, a change to the blockchain's protocol or basic set of rules, creating two separate blockchains: Ethereum (ETH) and Ethereum Classic (ETC). Though sometimes confused with Ethereum, Ethereum Classic is now a totally different cryptocurrency with different technological and philosophical goals, specifically focusing on immutability, popularly expressed as "code is law." Ethereum Classic was established to uphold the integrity of the original Ethereum blockchain in the wake of a substantial hacking incident. The network's primary role is to function as a smart contract network, facilitating the development and support of decentralized applications (DApps). ETC is Ethereum Classic's native currency, which is used to power transactions and smart contracts on its network. Ethereum Classic strives to preserve the original Ethereum blockchain without artificially reversing the consequences of the DAO hack. It operates on a proof-of-work (PoW) mining algorithm and does not intend to transition to a proof-of-stake (PoS) consensus mechanism like Ethereum did., Ethereum Classic is a decentralized computing system that can run a wide variety of applications.
Ethereum Classic functions on a proof-of-work (PoW) consensus algorithm akin to Bitcoin. Like Ethereum and its native unit ETH, Ethereum Classic users pay fees in ETC to execute smart contracts, and you can think of it as the fuel that keeps the whole thing running (which is why those fees are called "gas"). Miners utilize their hardware to solve intricate mathematical equations and validate transactions on the Ethereum Classic network. The first miner to solve the equation and validate a new block is compensated with a block reward in the form of ETC tokens. Biweekly, the network automatically modifies the difficulty of mining Ethereum Classic to maintain a consistent block production rate. The new difficulty is determined by the total computational power of the network, and it becomes increasingly challenging to mine ETC as more miners join the network. Like ETH, new ETC is issued to the circulating supply as a reward for miners as new blocks of transactions are added to the blockchain. Unlike ETH, however, which doesn't have a fixed supply, ETC has a maximum supply of 210,700,000 coins.
The primary use case for Ethereum Classic is to function as a platform for decentralized applications (DApps) and smart contracts. It strives to uphold the principle of "Code is Law," resisting censorship and delivering unstoppable applications. This positions it as a potential foundational layer for future smart contract platforms. Ethereum Classic also aims to distinguish itself from Ethereum by preserving its original PoW algorithm and adhering to its decentralized philosophy.
Ethereum Classic was introduced in July 2016 as a hard fork of Ethereum, a radical change to the protocol of Ethereum that resulted in two branches, one that followed the previous protocol (Ethereum) and one that follows the new version (Ethereum Classic). This fork resulted from disagreements within the Ethereum community about how to address a significant hack that led to the theft of 3.6 million ETH. Those who disagreed with the decision to revert the blockchain to negate the effects of the hack continued on the original chain, which became Ethereum Classic, while other users upgraded to the latest version of Ethereum. Ethereum Classic has since diverged from Ethereum in terms of technical roadmap and philosophy.
Powerful computers mine (understand "create") ETC, adding it to the circulating supply. While Ethereum Classic can be mined using widely available graphics processors, it's most likely not profitable unless you use an ASIC, a specialized device designed for crypto mining. After Ethereum Classic's fork from Ethereum in 2016, Ethereum Classic has struggled to compete in terms of market capitalization, developers, and network security as measured by total mining power. Over its history, Ethereum Classic has been subject to numerous "51% attacks" in which malicious actors control most of the mining power and can thus spend coins they didn't own (also known as a double spend attack).
You can buy, send, and receive ETC via exchanges like Coinbase.
We update our Ethereum Classic to EUR currency in real-time. Get the live price of Ethereum Classic on Coinbase.
The current market cap of Ethereum Classic is €2.41B. A high market cap implies that the asset is highly valued by the market.