What is ETC coin? List of ETC coin issuance and listed trading platforms

Ethereum Classic (ETC) is a cryptocurrency formed after the fork of the Ethereum (ETH) blockchain in 2016, with a maximum supply of 230 million coins. Its main differences from ETH are the use of the Ethereum Classic blockchain, the Ethash mining algorithm, and lower hashing power, resulting in slower transaction speeds and higher transaction fees. ETC coins have been listed on trading platforms such as Binance, Coinbase and Kraken.

Introduction to ETC Coin

Ethereum Classic (ETC) is a cryptocurrency that originated as a 2016 fork of the Ethereum (ETH) blockchain. The fork occurred after Ethereum suffered a DAO hack, causing the Ethereum blockchain to split into two chains: one that continued to use the original protocol, and the other that rolled back transactions to repair the damage caused by the hack.

ETC coin issuance

The maximum supply of ETC coins is 230 million, of which:

• 140 million were pre-mined when Ethereum forked
• 90 million were generated through mining

List of listed trading platforms

ETC currency has been listed on many trading platforms, including:

• Binance
• Coinbase
• Kraken
• Huobi
• OKEx

The difference between ETC currency and ETH currency

ETC and ETH are both cryptocurrencies based on the Ethereum Virtual Machine (EVM), but there are some key differences between them:

• Blockchain: ETC coins use the Ethereum Classic blockchain, while ETH coins use Ethereum 2.0 Blockchain.
• Mining Algorithm: ETC coin uses the Ethash mining algorithm, while ETH coin has switched from Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism.
• Hash Power: The hash power of ETC coins is much lower than that of ETH coins, making it easier to mine.
• Transaction speed and fees: The transaction speed of ETC coins is slower and the fees are higher than ETH coins.
• Smart contracts: ETC coins do not support all Ethereum smart contracts, while ETH coins do.

Ethereum Classic Latest Price and Trends

As of now, the price of Ethereum Classic (ETC) is $21.93 with a 24-hour trading volume of $1.193 billion.

Recent Changes

The price of ETC fell by 1.81% in the past 24 hours. This was largely due to a pullback in the broader cryptocurrency market, with major cryptocurrency Bitcoin (BTC) also falling.

Influencing Factors

Factors affecting ETC price fluctuations include:

• General sentiment across the cryptocurrency market
• Specific technical and fundamental news
• Changes in the regulatory environment
• Activity of speculators and traders

Future Outlook

In the short term, ETC prices are likely to continue to be affected by the volatility of the cryptocurrency market. However, in the long term, it may benefit from the potential application and adoption of blockchain technology.

It is recommended

• to conduct your own research before investing in any cryptocurrency.
• Manage risk carefully and only invest money you are willing to lose.
• Consider holding ETC for long-term appreciation rather than short-term trading.

Short-term outlook

ETC prices are expected to remain volatile in the short term, but may rebound as market sentiment improves.

Indicators

• Current price: 21.93 USD
• 24-hour trading volume: 1.193 billion USD
• Circulating market capitalization: 3.249 billion USD
• Circulating supply: 148.14 million
• Maximum supply: 210.7 million
• Total Supply: 148.14 million

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