Ethereum Classic

(ETC) Price

$13.11 -0.02098 (-0.1597%)

Ethereum Classic (ETC) Price

ETC - USD

$13.11
-0.02098 (-0.1597%)
0.00202891 BTC (-1.88%) Real time data

Last trade

0.05323414 ETC

ccex $0.6388

Market cap

$1,373,396,245

104,723,490 ETC

Volume (24H)

$221,762,415

16,909,711 ETC

Day's range

$12.80 - $13.66

0.00198057 BTC - 0.00211342 BTC

Open price (24H)

$13.14

52 weeks - low

$8.47

52 weeks - high

$46.96

52 weeks - AVG volume

$303,253,190

Supply

103,928,897 ETC

Max supply

Not available

Details

Type
Coin
Block
Mineable
Since
Jul 30, 2015
Algorithm
Ethash
Proof Type
PoW

What Is Ethereum Classic? 

Ethereum Classic came into being as a result of a split from Ethereum. Both are open-source Blockchain based computing platforms used for smart contracts. However, Ethereum Classic is a continuation of the original Ethereum Blockchain with untampered history, free from external interference. 

Ethereum Classic History 

Initially, there was one Ethereum which was built as a Blockchain, able to automate all sorts of transactions and processes in a decentralized manner. In early 2016 the Decentralized Autonomous Organization (DAO), was created. The DAO was a smart contract that was going to revolutionize Ethereum forever.

The DAO was intended to be a venture capital for funding projects for creating decentralized applications (DApp’s) on the ecosystem. For example, if someone wanted to have a say on whether a DApp got funded he would have to first buy DAO Tokens for a certain amount of Ether. 

The DAO went on to raise $150 million worth of digital currency, but before it could do anything, a hacker found a vulnerability in the smart contract code and stole tens of millions of dollars. As a result of the hack, the Ethereum community proposed a number of measures.

Some people proposed a soft fork, which could have been a simple software patch to effectively freeze the stolen funds. However, it did not work out, as it opened up a new set of issues. Ultimately, the Ethereum community settled on a hard fork that split the Ethereum blockchain into two; Ethereum and Ethereum Classic.

The new version of the blockchain with the hack rectified is what is called, Ethereum (ETH). The people who felt the hard fork went against the spirit of a leaderless, decentralized system stuck with the original chain consequently calling it Ethereum Classic. 

Ethereum vs. Ethereum Classic

Most of the development and adoption has happened on the Ethereum platform. What this means is that ETC users cannot access updates done by Ethereum ETH, which currently boasts all the heavyweights of the Ethereum ecosystem. 

At the time of writing, ETH has a larger market cap. The new form of Ethereum has undergone a number of revolutionary changes.  Time will tell how it will all play out. 

Mining Ethereum Classic

Mining is the process by which Ethereum Classic is created. This is done by using computer power to validate and confirm transactions on the Blockchain. The mining process is similar to that of Ethereum and Bitcoin.

The process involves using computers to repeatedly and quickly guess complex cryptography puzzles. Miners run a block of unique metadata through a hash function to impact the resulting hash value. 

If a miner finds a hash that matches the current target, he or she is usually awarded an Ether Classic and the block is broadcast across the Ethereum Classic Blockchain network to add to a ledger. If miner A finds the correct answer to a puzzle, miner B will have to stop work on the current block and repeat the process for the next block.

 

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Latest Closing Price Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Aug 19, 2018 $13.29 $13.18 $196,179,526 14,757,738 ETC $1,383,796,531 $12.87 $13.76 $13.29
Aug 18, 2018 $13.18 $14.45 $281,117,863 21,323,859 ETC $1,376,842,559 $12.64 $14.49 $13.18
Aug 17, 2018 $14.45 $13.85 $468,413,614 32,415,426 ETC $1,501,377,719 $13.06 $14.56 $14.45
Aug 16, 2018 $13.85 $13.12 $555,113,235 40,094,125 ETC $1,456,502,613 $12.88 $14.90 $13.85
Aug 15, 2018 $13.12 $11.77 $303,255,363 23,110,933 ETC $1,352,482,194 $11.64 $13.27 $13.12
Aug 14, 2018 $11.77 $11.92 $291,857,239 24,800,664 ETC $1,195,518,280 $10.15 $11.97 $11.77
Aug 13, 2018 $11.92 $13.19 $226,894,127 19,032,973 ETC $1,253,090,794 $11.86 $13.43 $11.92
More Ethereum Classic Historical Data

Ethereum Classic Exchanges

Exchange Pairs Price Open price Range (24H) Volume (24H) Change Updated
Bitfinex ETC/USD $13.11 $13.12 $13.66
$12.79
$9,480,356
723,194 ETC
-0.09146%
$-0.01200
Recently
HitBTC ETC/USD $13.13 $13.18 $13.65
$12.81
$1,769,444
134,763 ETC
-0.3794%
$-0.05000
Recently
Kraken ETC/USD $13.13 $13.16 $13.69
$12.82
$1,016,629
77,404 ETC
-0.1596%
$-0.02100
Recently
Poloniex ETC/USDT $13.10 $13.20 $13.64
$12.83
$513,125
39,170 ETC
-0.7576%
$-0.10000
Recently
Bittrex ETC/USDT $13.13 $13.16 $13.68
$12.77
$271,485
20,677 ETC
-0.2039%
$-0.02683
Recently
EXMO ETC/USD $13.14 $13.14 $13.65
$12.85
$148,290
11,285 ETC
+0.01772%
$0.002328
Recently
More Ethereum Classic Exchanges