Ethereum Classic current price is $6.830.

ethereum-classic Ethereum Classic (ETC)

$6.830
4.51% (24H)
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Market CapVolumeAvailable Supply
$797.67 M$1.02 B116.32 M ETC

Ethereum Classic current price is $6.830 with a marketcap of $797.67 M. Its price is 4.51% up in last 24 hours.

Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Transaction Finality Ethereum Classic believes the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law. This does not necessarily mean that code replaces existing laws, or that only code is law (there are many geographical jurisdictions), but it gives users the opportunity to enter into a new blockchain-based jurisdiction where agreements are governed by code. By entering into contracts on Ethereum Classic, you can be certain that the network remains neutral. The outcome of transactions will be dictated by code you voluntarily interact with. Unless explicitly defined by the contract code, there are no reversals, no undos, no opt-outs. Transactions are final; applications are unstoppable. Decentralized Governance There are many problems that fester due to centralization and opaqueness; corruption, unaccountability, nepotism, inefficiency and stagnation. Ultimately, centralization leads to fragility; only decentralized systems can stand the test of time. These problems can be only solved by adhering to governance systems that do not rely on a central point of failure. Just like distributed networks and the consensus protocol itself, we believe that only truly decentralized projects can survive in the long run. Ethereum Classic manifests these values by relinquishing control by a formalized central foundation. The only hierarchy is that of transparent meritocracy and mutual reputation. No backroom deals or behind-closed-doors unilateral decision making; just free and open discourse.

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By switching the PoW algorithm, $ETC can become a majority chain in its respective algorithm and reclaim the security assumptions of #PoW consensus.

Why Change #EthereumClassic's Proof of Work Algorithm to Keccak-256 (SHA3) https://link.medium.com/z5QqgSmNVbb

Why Change the Ethereum Classic Proof of Work algorithm to Keccak-256 (Sha-3)? What does it mean for the miners and other networks participants?

Read below as Director of DevRel @stevanlohja explains the essential details surrounding such a change.

https://etccooperative.org/posts/2020-12-03-why-keccak

Join us next Wednesday 9 December at 18.30 UTC, when we'll introduce the updated #ETC Mantis client & an all-new @eth_classic #Mantis wallet via a special Crowdcast event

Register today ➡️ https://bit.ly/2KSqbtx 1/2

Now with ECIP-1099 aka "Thanos" successfully activated on the @eth_classic network what does it mean for miners?

Watch this educational video regarding the aftermath of Thanos by @RedPandaNetwork

Ethereum Classic Thanos Aftermath https://youtu.be/FzkuwY9OE_U

#EthereumClassic has undergone a hard fork that ushers in a new upgrade which aims to increase miner participation and security. Meanwhile, the world still doesn't care.
#ETC

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