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Ethereum Classic (ETC)

$6.70441 (-6.05%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
25 $779,812,000.00 $750,700,000.00 116,313,000 ETC -- -6.05% -5.85% $405.62

Exchange Pair Volume (24h) Price
OKEx ETC/BTC 26,991,139.00 0.0005897000
OKEx ETC/USDT 18,453,150.00 6.6480000000
ZB ETC/USDT 22,342,826.00 6.7252000000
Bitfinex ETC/USD 773,546.00 6.6344000000
Huobi Global ETC/USDT 11,425,101.00 6.6445000000
Binance ETC/USDT 11,278,690.00 6.6463000000
OKEx ETC/ETH 14,481,983.00 0.0177300000
ZBG ETC/USDT 469,911.00 6.6410000000
HitBTC ETC/USD 7,791,527.00 6.6409200000
HitBTC ETC/ETH 8,173,727.00 0.0177267000
Catex ETC/TRX 11,005,188.00 337.8088450000
Indoex ETC/BTC 7,630,433.00 0.0005905700
Bitfinex ETC/BTC 319,632.00 0.0005887700
Coinsbit ETC/USD 418,239.00 6.6456000000
Bithumb ETC/KRW 1,366,987.00 7,875.0000000000
BKEX ETC/USDT 5,467,371.00 6.6350000000
OKEx ETC/OKB 5,557,250.00 1.2100000000
HitBTC ETC/BTC 2,981,948.00 0.0005896000
OKEx Korea ETC/USDT 2,224.18 6.6400000000
Binance ETC/BTC 2,054,401.00 0.0005892000
MXC ETC/USDT 798,588.00 6.6240000000
Coinsbit ETC/BTC 2,268,853.00 0.0005891000
OKEx ETC/USDK 2,091,567.00 6.6740000000
Indoex ETC/USDT 1,183,406.00 6.6258077400
Huobi Global ETC/BTC 625,775.00 0.0005890000
Indoex ETC/ETH 551,595.00 0.0177638000
Upbit ETC/KRW 1,707,288.00 7,930.0000000000
Hoo.com ETC/USDT 1,960,239.00 6.6412000000
BKEX ETC/BTC 1,465,456.00 0.0005891000
AEX ETC/CNC 1,774,895.00 46.1300000000
WhiteBIT ETC/BTC 442,116.00 0.0005891000
OKEx Korea ETC/BTC 3,981.44 0.0005891000
Coinsbit ETC/ETH 465,185.00 0.0177510000
Hotbit ETC/USDT 1,310,447.00 6.6489986900
P2PB2B ETC/USD 1,243,848.00 6.6355000000
P2PB2B ETC/USDT 1,163,234.00 6.6441000000
Bitforex ETC/BTC 2,170,411.00 0.0005911700
Bitforex ETC/USDT 2,403,978.00 6.6300000000
CoinTiger ETC/USDT 592,412.00 6.6439000000
Gate.io ETC/USDT 687,096.00 6.6490000000
Coinone ETC/KRW 456,409.00 7,910.0000000000
BitMax ETC/USDT 605,804.00 6.6316000000
Kraken ETC/USD 219,590.00 6.6450000000
Kraken ETC/EUR 244,333.00 5.6590000000
BKEX ETC/ETH 481,046.00 0.0177510000
Binance ETC/BUSD 146,598.00 6.6445000000
Binance US ETC/USDT 31,560.00 6.6202000000
BiKi ETC/USDT 933,237.00 6.6349000000
MXC ETC/BTC 227,111.00 0.0005862000
CoinTiger ETC/BTC 572,744.00 0.0005890000
ZB ETC/QC 580,642.00 46.5660000000
WhiteBIT ETC/ETH 77,164.00 0.0177510000
Catex ETC/BTC 1,025,936.00 0.0005890600
Kraken ETC/XBT 49,758.00 0.0005910000
KuCoin ETC/BTC 67,865.00 0.0005893000
Catex ETC/USDT 810,948.00 6.6390000000
Catex ETC/ETH 818,093.00 0.0177590000
P2PB2B ETC/BTC 530,844.00 0.0005890000
WhiteBIT ETC/USDT 1,013,862.00 6.6419000000
KuCoin ETC/USDT 269,803.00 6.6414000000
BigONE ETC/BTC 17,262.42 0.0005950000
Binance ETC/ETH 336,620.00 0.0177510000
Decoin ETC/BTC 177,956.00 0.0005902000
Coinbase Pro ETC/BTC 172,834.00 0.0005920000
KuCoin ETC/ETH 183,352.00 0.0177180000
BitMart ETC/USDT 959,488.00 6.6355000000
AAX ETC/USDT 135,070.00 6.6236000000
OKEx Korea ETC/ETH 79.25 0.0177300000
BiKi ETC/BTC 30,294.00 0.0005890000
Binance US ETC/USD 38,790.00 6.6161000000
LATOKEN ETC/USDT 457,623.00 6.6389000000
BitMax ETC/BTC 29,856.00 0.0005923000
WhiteBIT ETC/USD 352,939.00 6.6370000000
AEX ETC/USDT 513,565.00 6.6400000000
Kraken ETC/ETH 12,449.02 0.0177000000
LBank ETC/USDT 340,675.00 6.6372000000
LATOKEN ETC/BTC 237,960.00 0.0005891000
P2PB2B ETC/ETH 361,500.00 0.0177500000
BitMart ETC/ETH 511,863.00 0.0177500000
AAX ETC/BTC 82,343.00 0.0005887000
BitMart ETC/BTC 505,367.00 0.0005880000
Oceanex ETC/USDT 375,169.00 6.6295000000
Korbit ETC/KRW 81,886.00 7,920.0000000000
Oceanex ETC/VET 409,413.00 342.0000000000
EXMO ETC/USD 163,302.00 6.7200010000
Huobi Global ETC/HT 77,509.00 1.4638650000
Dove Wallet ETC/BTC 4,347.38 0.0005925370
Binance ETC/BNB 96,764.00 0.3183000000
OKEx ETC/USDC 6,783.08 6.6800000000
Huobi Global ETC/HUSD 52,383.00 6.6543000000
BTCMarkets ETC/AUD 27,482.00 9.3500000000
EXMO ETC/BTC 47,534.00 0.0005970000
LBank ETC/ETH 111,949.00 0.0177500000
ZB ETC/BTC 6,172.06 0.0005930000
Hotbit ETC/BTC 49,607.00 0.0005875500
NovaDAX ETC/USDT 111.09 6.6331000000
Hotbit ETC/ETH 50,293.00 0.0177563500
NovaDAX ETC/BTC 684.07 0.0005870000
Atomars ETC/USDT 73,539.00 6.6400000000
ProBit ETC/BTC 34,439.00 0.0005891000

Background

The Ethereum Classic (ETC) community stresses many of the same core principles as Bitcoin: censorship resistance, fixed monetary supply, and immutability, adding a Turing-complete smart contract platform. Ethereum Classic users and developersbelieve these characteristics allow them to be sure that transactions and decentralized applications (dApps) are truly censorship resistant and immune to any third party interference. ETC's structure varies significantly from most blockchain projects, incorporating multiple development teams--ETCDEV, IOHK, ETC Labs, and ETC Cooperative--each with their own goals. ETC teams typically focus on providing scaling solutions via side-chains, enabling trust-less machine-to-machine communication (aka IoT), building easy to use development tools (SDKs), and promoting cross-chain transactions so others can implement immutable smart contracts. ETC is one of the few cryptocurrencies where you are able to gain exposure to it through a traditional brokerage and or retirement account. Grayscale Investments has created an Ethereum Classic Investment Trust that is listed as a security under the ticker symbol ETCG. It allows investors to gain exposure to ETC without the worry of having to store or secure it. ETC is also eligible for tax-advantaged accounts by including it in a traditional IRA or Roth IRA.

Technology

ETC uses Ethash as its Proof of Work algorithm. New blocks are generated every 15 seconds, on average, and the current miner reward for each new block found is 4 ETC which is reduced by 20% every 5 million blocks (about 2.4 years). ETC will be mineable until around 2070 when miners will reach the soft supply cap of between 210 million and 230 million. In addition to miner rewards, ETC introduces Uncle Rewards, which incentive miners to include “uncle blocks”. Uncle blocks are valid blocks that arrived too late meaning another miner solved the proof of work faster than a given miner and claimed the miner reward, but that same block can be added as an “uncle block” by a slower miner. This practice decreases mining centralization and boosts network security. Every new block can contain at most two uncle blocks. Uncle block rewards are 3.125% of the miners reward, or 0.125 ETC. The ETC token fuels on-chain transactions, but a separate unit (called ‘gas’) measures the computational work of running transactions and smart contracts. The gas unit is necessary because of the volatile exchange rates of ETC and other cyrptocurrencies. Gas keeps cost of computation steadier and more organic in comparison. Gas means that the price of ETC can fluctuate but the price to perform services on the network won’t. The fee to make transact on ETC is (gas price) * (gas limit) and fees are paid to miners for including your transactions in a block. The gas limit is the maximum amount of gas you are willing to spend on a transaction, whereas the gas price is the cost you’re willing to pay for each gas unit. A normal transaction on the network costs 21,000 gas, but costs more if you are trying to execute something more complex as that requires more computational power. You can also speed up your TX by raising your gas price, since that will incentivize miners to include your TX in their block to receive those fees. The language most commonly used by ETC dapp developers is Solidity, but other languages (e.g. Vyper) are also used.



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