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Ethereum Classic
#49 ETC

Ethereum Classic

-2.54%

$16.10

$2,455,685,045

Total Market Cap

152,531,848 ETC

Circulating Supply

$37,214,151

24h Volume

$2,455,685,045

Total Market Cap

152,531,848 ETC

Circulating Supply

$37,214,151

24h Volume

Technical analysis

Latest Signals

# Signal Exchange Type Age
Cryptocurrency Converter
Ethereum Classic
ETC
Ethereum Classic
USD
USD
US Dollar

Ethereum Classic can be found on the following exchanges

Logo Exchange Price Pair Spread 24h Volume
Binance logo Binance $16.1 ETCUSDT $0.01 $3,469,510
Binance.us logo Binance.us $16.5 ETCUSD $0.05 $75
BingX logo BingX $16.11 ETC/USDT $0.03 $80,874
Bitfinex logo Bitfinex $16.093 ETC/USD $0.03 $117,970
BitMart logo BitMart $16.0998 ETC/USDT $0.06 $83,156
Bybit logo Bybit $16.1 ETC/USDT $0.01 $565,340
Coinbase Advanced logo Coinbase Advanced $16.11 ETC-USD $0.02 $1,022,303
Crypto.com logo Crypto.com $16.1 ETC/USD $0.00 $23,566
EXMO logo EXMO $16.494795 ETC/USD $1.00 $405,797
HitBTC logo HitBTC $12.39 ETC/USDT $0.03 $0
HTX logo HTX $16.1125 ETC/USDT $0.00 $47,644
Kraken logo Kraken $16.098 ETC/USD $0.01 $51,482
KuCoin logo KuCoin $16.1784 ETC/USDC $0.04 $259
OKX logo OKX $16.4 ETC/USD $0.07 $3
Poloniex logo Poloniex $16.111 USDT_ETC $0.01 $3,060,705
ProBit Global logo ProBit Global $16.11 ETC/USDT $0.01 $360,169

Understanding Ethereum Classic (ETC)

Ethereum Classic (ETC) is a decentralized, blockchain-based platform that runs smart contracts without the possibility of downtime, censorship, fraud, or third-party interference. Established in 2016, ETC emerged as a result of the original Ethereum blockchain's hard fork following the infamous DAO hack.

What is Ethereum Classic (ETC)?

Ethereum Classic (ETC) represents the original, unaltered Ethereum blockchain that maintains the principle that "code is law." When the Ethereum community decided to roll back the blockchain to recover funds from the DAO hack, a segment of the community rejected this change, believing it violated blockchain's foundational principles of immutability and censorship resistance. This group continued with the original chain, which became known as Ethereum Classic (ETC).

The ETC cryptocurrency serves as the native token of the Ethereum Classic network, functioning similarly to ETH on the Ethereum network. It powers transactions, smart contracts, and decentralized applications (dApps) built on the Ethereum Classic blockchain.

How Does Ethereum Classic (ETC) Work?

Ethereum Classic (ETC) operates on a proof-of-work (PoW) consensus mechanism, similar to Bitcoin. This means:

  • Transactions are verified by miners solving complex mathematical puzzles
  • Successfully validated blocks are added to the blockchain
  • Miners receive ETC rewards for their computational efforts

The Ethereum Classic platform supports smart contracts—self-executing agreements with terms written directly into code. These contracts automatically execute when predefined conditions are met, enabling trustless transactions and agreements without intermediaries.

Mining and Staking Ethereum Classic (ETC)
ETC Mining

Ethereum Classic (ETC) is primarily a proof-of-work cryptocurrency that can be mined. Here's what you need to know about mining ETC:

  • ETC uses the Etchash mining algorithm (an evolution of Ethash)
  • Mining can be performed using GPUs (graphics processing units)
  • Miners compete to solve cryptographic puzzles, with successful miners receiving block rewards
  • The current block reward for ETC mining is 2.56 ETC per block
  • ETC has a maximum supply cap of 210.7 million coins, unlike Ethereum which has no cap
ETC Staking

Unlike Ethereum, which transitioned to proof-of-stake with the Merge, Ethereum Classic (ETC) remains committed to proof-of-work. Therefore, traditional staking is not natively available on the ETC network. However, some cryptocurrency exchanges and platforms may offer ETC staking services through their own programs, which typically involve:

  • Lending your ETC to the platform
  • Receiving interest payments in return
  • Different lock-up periods and interest rates depending on the service

It's important to note that these are not native staking options but rather third-party services built around the ETC ecosystem.

What is Ethereum Classic (ETC) Used For?

Ethereum Classic (ETC) serves several purposes in the cryptocurrency ecosystem:

  • Medium of Exchange: ETC can be used to transfer value within the Ethereum Classic network
  • Smart Contracts: ETC powers the execution of smart contracts and dApps on the Ethereum Classic blockchain
  • Gas Fees: Users pay transaction fees (gas) in ETC for operations on the network
  • Store of Value: Some investors hold ETC as a long-term investment, particularly those who value blockchain immutability
  • Automated Trading: ETC can be traded on various exchanges using automated trading solutions like Cryptohopper's trading bot
The Genesis of Ethereum Classic (ETC)

The distribution of Ethereum Classic (ETC) was unique in the cryptocurrency world as it wasn't launched through a typical ICO or mining process. Instead, ETC came into existence when the Ethereum blockchain split into two chains following the DAO hack in 2016:

  • All ETH holders at the time of the fork (block 1,920,000) received an equal amount of ETC
  • This distribution method ensured that everyone who owned Ethereum before the fork automatically became an Ethereum Classic holder as well
  • No pre-mine or additional token creation occurred specifically for ETC
Ethereum Classic (ETC) Today and Beyond

Despite being a fork that some viewed as the "losing" chain, Ethereum Classic (ETC) has maintained a dedicated community and development team. The project continues to evolve with protocol upgrades that enhance security and functionality while remaining true to its core principles.

Some notable aspects of ETC today include:

  • The Phoenix upgrade, which made ETC compatible with Ethereum's Istanbul fork
  • Increased hash rate and network security following Ethereum's move to proof-of-stake
  • A committed development community focused on maintaining and improving the network
  • Trading availability on most major cryptocurrency exchanges

Anyone interested in Ethereum Classic (ETC) can easily trade this cryptocurrency on any supported exchange using Cryptohopper's automated trading bot, which helps optimize trading strategies and potentially improve returns through algorithmic trading.

Latest ETC to USD price calculator

Below are the most popular denominations to convert to USD and back into ETC

ETC US Dollar
0.01ETC 0.16USD
0.1ETC 1.61USD
1ETC 16.10USD
2ETC 32.20USD
3ETC 48.30USD
5ETC 80.50USD
10ETC 161.00USD
25ETC 402.50USD
50ETC 805.00USD
100ETC 1,610.00USD
250ETC 4,025.00USD
500ETC 8,050.00USD
1000ETC 16,100.00USD
10000ETC 161,000.00USD
50000ETC 805,000.00USD
100000ETC 1,610,000.00USD
US Dollar ETC
0.01 USD 0.00062112ETC
0.1 USD 0.00621118ETC
1 USD 0.06211180ETC
2 USD 0.12422360ETC
3 USD 0.18633540ETC
5 USD 0.31055901ETC
10 USD 0.62111801ETC
25 USD 1.55279503ETC
50 USD 3.10559006ETC
100 USD 6.21118012ETC
250 USD 15.52795031ETC
500 USD 31.05590062ETC
1000 USD 62.11180124ETC
10000 USD 621.11801242ETC
50000 USD 3,105.59006211ETC
100000 USD 6,211.18012422ETC

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