It was bad day for Ethereum Classic (ETC), as it declined by $-0.0339999999999998 or -0.54%, touching $6.205. International Cryptocoin Experts believe that Ethereum Classic (ETC) is looking for the $6.8255 goal. According to 5 analysts could reach $13.5809335241262. The highest price was $6.38 and lowest of $6.121 for September 12-13. The open was $6.239. It last traded at Coinbase exchange. Aproximately 254,968 ETC worth $1.60 million was traded.
For a month, Ethereum Classic (ETC) tokens went up 11.02% from $5.589 for coin. For 100 days ETC is down -24.05% from $8.17. It traded at $4.37 200 days ago. Ethereum Classic (ETC) has 113.43 million coins mined with the market cap $703.83 million. It has 210.00 million coins in circulation. It was founded on 23/07/2016. The Crypto ETC has PoW proof type and operates under Ethash algorithm.
Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.
The Ethereum Classic mission statement is:
“We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can’t shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted – by anyone.“
Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/
In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.
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