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What is ETC? ETC coin online trading platform, total amount detailed introduction

Ethereum Classic remains true to the original decentralized and immutable vision of the Ethereum blockchain, favoring stability over innovation.

Oct 08, 2024 at 09:05 am

What is ETC?

Ethereum Classic (ETC) is a decentralized open-source blockchain platform that executes smart contracts. It is a fork of the Ethereum blockchain, created in 2016 after the DAO hack. ETC aims to maintain the original Ethereum vision of an immutable and censorship-resistant blockchain. It does not support the Ethereum Foundation's decision to hard fork the Ethereum blockchain to reverse the DAO hack.

ETC Coin Online Trading Platform

ETC can be traded on various cryptocurrency exchanges, including:

  1. Binance
  2. Coinbase
  3. Kraken
  4. Huobi Global
  5. FTX
  6. OKX
  7. Bybit
  8. KuCoin
  9. BitMart
  10. Gate.io

Total Amount of ETC

The total supply of ETC is 210,700,000 coins. This includes:

  • 132,900,000 coins that were mined before the Ethereum blockchain forked
  • 77,800,000 coins that were allocated to the Ethereum Foundation

Detailed Introduction

Ethereum Classic has several key features:

  1. Proof-of-Work Algorithm: ETC uses the Ethash proof-of-work algorithm, which is a memory-intensive mining algorithm that is designed to be resistant to ASIC mining.
  2. Smart Contracts: ETC supports the creation and execution of smart contracts, which are programs that can be stored and executed on the blockchain.
  3. Decentralized: ETC is a decentralized platform that is not controlled by any single entity.
  4. Open-Source: ETC's code is open-source, which allows anyone to contribute to its development.

ETC is often compared to Ethereum (ETH). While both blockchains share many similarities, there are some key differences between them. ETC is more conservative, while ETH is more innovative. ETC focuses on stability and security, while ETH focuses on new features and functionalities.

Conclusion

ETC is a decentralized and open-source blockchain platform that is used to create and execute smart contracts. It is a fork of the Ethereum blockchain that was created in 2016. ETC is currently traded on several cryptocurrency exchanges. The total supply of ETC is 210,700,000 coins.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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