Ethereum Classic (ETC)
Rank #54
Market snapshot
- Price
- $6.54
- Market cap
- $1.0B
- 24h volume
- $36.9M
- Circulating supply
- 157,897,762.6785
- Total supply
- 210,700,000
- Max supply
- 210,700,000
What is Ethereum Classic?
Ethereum Classic is a blockchain-based platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It is a continuation of the original Ethereum blockchain that split following a hard fork in 2016. Ethereum Classic maintains the principles of immutability and censorship resistance, allowing users to interact directly without intermediaries.
How Ethereum Classic works
Ethereum Classic operates on a peer-to-peer network where users can generate ETC through mining. Transactions are recorded on a shared public ledger. The network relies on a proof-of-work consensus mechanism, which requires miners to solve complex mathematical problems to validate transactions and add them to the blockchain. This process helps maintain the integrity of the network and prevents double-spending.
Key information
- Symbol
- ETC
- CMC rank
- #54
- Network / platforms
Ethereum Classic, BNB, BNB Smart Chain (BEP20)
- Categories
- Mineable, Proof of work
- Date added
- Jul 24, 2016
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum Classic
0x1953cab0E5bFa6D4a9BaD6E05fD46C1CC6527a5a
Token contracts on other networks
BNB
0x3d6545b08693dae087e957cb1180ee38b9e3c25eBNB Smart Chain (BEP20)
0x3d6545b08693dae087e957cb1180ee38b9e3c25e
Key characteristics
Ethereum Classic is categorized under several technical classifications, including mineable, proof-of-work, and smart contracts. It is open-source, allowing anyone to participate in its development and improvement. The platform supports the creation of decentralized applications and has ecosystem built around its blockchain.
Documented uses
Quickly find the answers you are looking for by navigating Frequently Asked Questions organized by use case.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Ethereum Classic?
- Ethereum Classic is a blockchain-based platform that enables the creation of smart contracts and decentralized applications (dApps). It is a continuation of the original Ethereum blockchain.
- How does Ethereum Classic work?
- Ethereum Classic operates on a peer-to-peer network where users can generate ETC through mining. Transactions are recorded on a shared public ledger.
- What are the technical characteristics of Ethereum Classic?
- Ethereum Classic is categorized as mineable and operates on a proof-of-work consensus mechanism. It supports smart contracts and is open-source.
- What are the risks associated with transferring Ethereum Classic?
- Digital asset prices can be volatile. Users should verify the contract address and network before transferring assets, and understand that transfers may be irreversible.
- Where can I find official resources for Ethereum Classic?
- Official resources for Ethereum Classic can be found on its website at https://ethereumclassic.org/.
- How can I verify my acquisition of Ethereum Classic?
- Verify the asset name, network, and any supplied contract details before transferring to ensure accuracy.
