WHAT IS Ethereum Classic (ETC)?
Ethereum Classic is a fully decentralized open-source, public, blockchain-based distributed computing platform featuring smart contract functionality providing a decentralized Turing-complete virtual machine, Ethereum Virtual Machine (EVM), which can execute scripts.Ethereum Classic also provides a value token, “classic ether,” which can be transferred between participants, stored in a cryptocurrency wallet. Gas, an internal transaction pricing mechanism, prevent spam on the network and allocate resources proportionally to the incentive offered by request.Ethereum Classic features every unique feature of Ethereum, including Smart Contracts and Ethereum Virtual Machine (EVM).
Ethereum Classic (ETC): HISTORY
In October 2016, Ethereum Classic passed a technical hard fork to adjust the internal prices for running various opcodes of the EVM behalf of 3.6 million Ether went stolen using a security flaw in Ethereum. Some Ethereum users rejected this idea and continued to use the classic Ether.Technically, Ethereum Classic is the ‘original’ Ethereum. Another hard fork in 2017 delayed the “difficulty bomb” setting which was in-built in Ethereum code.Ethereum Classic confessed that their website had been compromised in June 2017.
HOW Ethereum Classic (ETC) WORK?
Ethereum Classic and Ethereum are similar regarding working procedure. It functions without any central authority. Any transaction between two users transfers peer to peer with the miners keeping a record of the transaction and approving transactions.
Like Ethereum, the nodes in the network keep a recent stage of the network including the users’ balance, smart contracts, and storage of ether in Classic Ethereum.ETC works like a bank account, and the Ethers are always in the account which can be transferred to another user, unlike bitcoin.
HOW TO BUY Ethereum Classic (ETC)
In countries like USA, Europe, Canada, UK, and Singapore, buying bitcoins on Coinbase is the easiest and smartest way to buy Ethereum Classic with a credit card. The fee will amount to 3.75%, and you can buy instantly. Coinbase only sells Ether and not Ethereum Classic. Then transfer the bitcoins to Poloniex to exchange them for Ethereum Classic.The means to purchase Ethereum Classic is similar to buying Ether on the main Ethereum chain. You can buy Ethereum Classic at any of the exchanges; those wishing to trade Ethereum Classic without having to worry about the security and storage of ETC can do so by trading at eToro.
Ethereum Classic (ETC) PRICE PREDICTION 2018
ETC can be a profitable investment option. Ethereum Classic price equal to 34.315 USD at 2018-02-15. If you buy Ethereum Classic for 100 dollars today, you will get a total of 2.914 ETC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-09 is 158.493 US Dollars. With a 5-year investment, the revenue is expected to be around +361.88%. Your current $100 investment may be up to $461.88 in 2022.Ethereum Classic(ETC) price today is $34.27 and have the current supply of 99,867,447 ETC. The market cap value is $3,422,567,263 and the volume is marked as $876,538,000.Ethereum Classic price prediction, Ethereum Classic price forecast, Ethereum Classic price and news, ETC price forecast, ETC price prediction 2018, What is the price of Ethereum Classic 2018.