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.

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.

Fear & Greed Index

Trade Now

Biggest Gainers

A8

$0.2439

79.69%

Trade Now
AUCTION

$34.6069

31.13%

Trade Now
ARC

$0.0635

28.93%

Trade Now
BNX

$1.4122

28.72%

Trade Now
KEEP

$0.0877

19.12%

Trade Now
VANA

$6.7231

17.37%

Trade Now

Latest Crypto News

The dog found dead with actor Gene Hackman and his wife, Betsy Arawaka
2025-03-17 07:25:56
Can XRP Price Hit $7? The Truth About Ripple That No One Is Talking About!
2025-03-17 06:50:56
Sleep Token are set for a huge 2025. Download Festival headliners and a brand new album are on the horizon. World domination beckons.
2025-03-17 06:45:56
New crypto presale Meme Index ($MEMEX), has already raised an impressive $4 million
2025-03-17 06:45:56
The Cryptocurrency Market is Heating Up, with Qubetics (TICS), Cosmos (ATOM), Ripple (XRP), and Celestia (TIA) Emerging as Top Picks
2025-03-17 06:30:56
Amidst the Rapid Expansion of the Global Web3 Ecosystem, WebKey Achieves Another Milestone!
2025-03-17 06:30:56

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...