Ethereum Classic (ETC) is a blockchain-based cryptocurrency and smart contract platform that originated from the 2016 split of the Ethereum blockchain. Its features include blockchain immutability, smart contract support, and mining friendliness. It is mainly used for value storage, payment, smart contract development, and mining, and has the advantages of community support, low energy consumption, and decentralization.
Ethereum Classic: Digital Currency and Blockchain Platform
What is Ethereum Classic?
Ethereum Classic (ETC) is a decentralized, blockchain-based cryptocurrency and a smart contract platform.
The Origin of Ethereum Classic
In 2016, due to the DAO hacking incident, the Ethereum blockchain was split into two chains: Ethereum (ETH) and Ethereum Classic ( ETC). ETC inherits the original Ethereum blockchain, while ETH is a new chain created from the fork.
Features of Ethereum Classic
Immutability: ETC’s blockchain is immutable, which means that once the transaction record is recorded, it Cannot be undone or changed.
Smart Contracts: ETC supports smart contracts, which are programs that can be executed automatically on the blockchain.
Mining Friendly: ETC uses the Ethash mining algorithm and can be mined using a personal computer or graphics card.
Applications
ETC is mainly used in the following applications:
Advantages
ETC has the following advantages:
Ethereum Classic Latest Price Update
The current price of Ethereum Classic (ETC) is $18.23 with a 24-hour trading volume of $83.18 million. ETC price increased by 3.27% in the past 24 hours.
Price Change Factors
There could be several reasons for the ETC price increase, including:
Future price analysis
In the short term, ETC price is expected to continue its upward momentum. Factors supporting this prediction include:
Investor Advice
It is very important for investors to carefully study and consider the following matters before investing in ETC:
Indicators
Short-term trend prediction
It is expected that the price of ETC will continue to rise in the short term, but the potential of следует учитывать volatility.
The above is the detailed content of What currency is Ethereum Classic? What is Ethereum Classic?. For more information, please follow other related articles on the PHP Chinese website!