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What kind of currency is ETC coin? Introduction to the official website, circulation and trading platform of ETC coins
ETC (Ethereum Classic), created as a fork of Ethereum in 2016, is a decentralized, open-source cryptocurrency that shares similarities with Bitcoin and Ethereum.
Sep 30, 2024 at 09:35 pm
What is ETC Coin?
ETC (Ethereum Classic) is a decentralized, open-source cryptocurrency similar to Bitcoin and Ethereum. It was created as a fork of the Ethereum blockchain in 2016 following a contentious hack of the DAO, a decentralized autonomous organization built on Ethereum.
Official Website
The official website of ETC Coin is:
https://ethereumclassic.org/
Circulation
As of September 2023, there are approximately 135 million ETC coins in circulation. The maximum supply of ETC coins is capped at 210 million, mirroring Bitcoin's supply cap.
Trading Platforms
ETC Coin can be traded on various cryptocurrency exchanges, including:
- Coinbase
- Binance
- Kraken
- Gate.io
- KuCoin
Key Features of ETC Coin
- Immutability: Transactions on the ETC blockchain are irreversible, ensuring data integrity.
- Decentralization: No central authority controls the ETC network, making it censorship-resistant.
- Smart Contract Functionality: ETC supports the execution of smart contracts, enabling the creation of decentralized applications (dApps).
- Mining: Miners validate transactions and secure the ETC network by solving complex mathematical problems.
Use Cases of ETC Coin
ETC Coin has several practical applications, including:
- Payments: ETC can be used to send and receive payments without intermediaries.
- Decentralized Finance: ETC can be used as collateral in DeFi applications, such as lending and borrowing platforms.
- Enterprise Adoption: Companies can leverage ETC's smart contract functionality for supply chain management, asset tracking, and other business processes.
- Investment: ETC, like other cryptocurrencies, can be bought and sold for investment purposes.
Conclusion
ETC Coin is a well-established cryptocurrency with a strong community and potential applications in various sectors. Its decentralized nature, smart contract functionality, and capped supply offer investors and users unique opportunities in the cryptocurrency ecosystem.
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