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Ethereum Classic

Ethereum Classic Performance

Live etc Price

₹2,126.76

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1.28%

Price Changes

₹27.22

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1.28%

24h Low

₹2,099.78

24h High

₹2,158.88

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What is Ethereum Classic ?

Ethereum Classic is a smart contract platform that is used for powering Decentralized applications (Dapps). It is also a cryptocurrency that is traded on a large number of cryptocurrency exchanges.

About Ethereum Classic

Ethereum Classic is the result of a hard fork that happened in 2016 when a group of participants resisted the changes to revert the effects of a hack. Due to this, Ethereum Classic came into existence on July 20, 2016.

Primary features of Ethereum Classic

The platform is fully decentralized for the easy execution of smart contracts.

It works on the concept of ‘Proof-of-Work’ consensus algorithm.

Ethereum Classic has swept a market cap of more than $7 Billion.
Ethereum Classic (ETC) is a P2P cryptocurrency that provides an easy exchange of funds.

Is Ethereum Classic a promising cryptocurrency?

Ethereum Classic allows developers to write, build, and deploy smart contracts that are censorship-resistant. The network is totally decentralized with zero-downtime or thor-party interference.
If you are looking to buy an Ethereum Classic, then you can check for third-party cryptocurrency exchanges like Coinswitch Kuber.

How to use Ethereum Classic?

Ethereum Classic is the unaltered history of the original Ethereum chain. The network exists to preserve the principle of ‘Code of Law.’ You can use Ethereum Classic (ETC) in the following ways:
Open-source: Ethereum Classic is an open-source computing platform which means that its codebase can be looked up by anyone on the Internet.
Online Payments: Ethereum Classic (ETC) is accepted at thousands of stores worldwide, both offline & online.
International Transfers: Ethereum Classic could be easily transferred to family and friends that are sitting in any part of the world.
Investment: Ethereum Classic has shown positive returns in the past, which makes it a lucrative piece of investment.

Pros & Cons of Ethereum Classic

Pros

IOHK: Charles Hoskinson’s blockchain company, Input Output Hong Kong (IOHK), which is also developing Cardano, is also behind most of the development work for Ethereum Classic.
Low-prices: Ethereum Classic is much cheaper than Ethereum but still able to maintain its place in the Top 30 cryptocurrencies by market cap.
Open-source: Due to the open-source nature of Ethereum Classic, changes can be easily implemented to adapt to the market.
Gas: ETC token acts as the gas for doing all the work on the Ethereum Classic blockchain.

Cons

Dark Web: In the recent news, Ethereum Classic was found being used as a mode of payment on the Dark Web.
Less Active: Ethereum Classic was found to be less active as the majority of developers are active on Ethereum rather than ETC.

Trade Ethereum Classic on CoinSwitch kuber

You can invest and trade with just Rs.100.
Allows instant withdrawal and deposit directly to bank accounts.
Trade-in Ethereum Classic (Ethereum Classic) at zero fees.
Intuitive and simple UI.
Easily manage your transactions and your portfolio.

Ethereum Classic ICO summary

Ethereum Classic didn’t have its ICO (Initial Coin Offering) because it was the result of the hard fork that happened in Ethereum. Just in a year, it has increased to more than 20X.

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FAQ's on Ethereum Classic

1. How does Ethereum Classic cryptocurrency work?

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Ethereum Classic is a decentralized computing platform that executes smart contracts. Applications run exactly as programmed without the possibility of censorship, downtime, or third-party interference.

2. How to buy Ethereum Classic cryptocurrency?

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You can buy Ethereum Classics online on any cryptocurrency exchange. Furthermore, you can earn Ethereum Classics by mining them from your computer.

3. How Many Ethereum Classics Are There?

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Ethereum Classic has a circulating supply of 170 million coins, while the maximum supply is limited to 270 million ETC coins.

4. How to invest in Ethereum Classic cryptocurrency?

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You can invest in an Ethereum Classic using the CoinSwitch Kuber app.

Highlight

Ethereum Classic is the result of a hard fork that happened in 2016 when a group of participants resisted the changes to revert the effects of a hack.

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Ethereum classic Price Statistics

ETC Price Today

ETC Price

2,126.76

Price Change 24h

percent_change_icon

1.28%

Price Change 7d

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5.48%

Market Rank

#27

Market Cap

₹29,500 Cr.

Trade Vol 24h

1,076 Cr

Circulating Supply

15 Cr. ETC

Trading Activity

55% Buy45% Sell

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