ETC – Ethereum Classic

Ethereum Classic
Crypto ScoreApplicationIndustryLiquidityVolatilityVolumeMarketcapVolume (24h)SupplyLast 24h

Ethereum Classic came about following the DAO hack and the hard-fork of Ethereum. The DAO was a crypto investment capital fund built on the blockchain that became popularized in the Ethereum community. DAO was funded by the purchase of tokens and raised over $150M in a short time. As development grew in the smart contract to allow investors to withdraw funds, hackers exploited this system by withdrawing funds via DAO tokens using the same ones multiple times thus draining the fund. This outbreak caused a lack of faith in the community and talk of the split was brought about.  ETC and ETH share blockchains up to the time of the fork. Classic emulates Ethereum by running on smart contracts to ensure an immutable ledger free from tampering as was jeopardized during the DAO hack. Unfortunately at this time Blockchain Wallet doesn’t support ETC, just ETH, and BTC.


CategoryCurrency
Average Blocktime0.24 minutes
Median Transaction Fee$0.013
Block Size1.63k
Beta Coeffecient1.178


Ethereum Classic’s White Paper

https://github.com/ethereumclassic/faq

https://www.cryptocompare.com/coins/guides/the-dao-the-hack-the-soft-fork-and-the-hard-fork/

 

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