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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:

Binance
Coinbase
Kraken
Huobi Global
FTX
OKX
Bybit
KuCoin
BitMart
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:

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.
Smart Contracts: ETC supports the creation and execution of smart contracts, which are programs that can be stored and executed on the blockchain.
Decentralized: ETC is a decentralized platform that is not controlled by any single entity.
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.

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