What does ETC coin mean?

ETC, a cryptocurrency derived from the ETH split, has the following characteristics: an immutable blockchain that records all transactions; scarcity, with a maximum supply of 210 million coins; decentralization, with transactions on a decentralized network Conduct; supports smart contracts, automatically executes agreements and runs applications. ETC can be used to store value, payments, smart contracts, and investments.

ETC: Ethereum Classic Currency

Ethereum Classic (ETC) is a cryptocurrency, related to Ethereum (ETH) Close contact.

The relationship between ETC and ETH

ETC was originally part of the ETH blockchain, but due to the DAO hack in 2016, the blockchain split into two Chain: ETH chain and ETC chain. The ETC chain retained the blocks of the stolen funds, while the ETH chain underwent a hard fork to undo the stolen transactions.

Features of ETC

• Immutable blockchain: ETC blockchain is like a public ledger that records everything Transactions cannot be changed.
• Scarcity: The maximum supply of ETC is 210 million. Unlike ETH, it will not be issued indefinitely.
• Decentralization: ETC is not controlled by any central authority, and transactions are conducted on a decentralized network.
• Smart Contracts: ETC supports smart contracts, allowing automatic execution of agreements and running applications on the blockchain.
• Mining: Similar to Bitcoin, ETC can be obtained through mining, using powerful computers to solve complex mathematical problems.

Uses of ETC

ETC can be used for a variety of purposes, including:

• Store of value:ETC is considered digital gold, with scarcity and value storage functions similar to gold.
• Payment: ETC can be used for online and offline payments, and the number of merchants accepting ETC as a payment method is increasing.
• Smart Contracts: ETC’s smart contract functionality enables the creation of decentralized applications such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
• Investment: ETC is a speculative asset whose value will fluctuate with market trends.

Conclusion

ETC is a cryptocurrency derived from the split of the ETH blockchain, with an immutable blockchain, scarcity, and Centralization and smart contract functionality. It can be used for value storage, payments, smart contracts, and investments.

Ethereum Classic (ETC) Market Overview

Current Price: $19.003

24 Hour Trading Volume: $1.1724 billion

Market Cap: $2.829 billion

Recent Changes

In the past 24 hours, the price of ETC fell by 0.27%.

Price change factors

• Overall fluctuations in the cryptocurrency market
• Miners’ interest in ETC mining
• ETC Technology and development progress

Future Outlook

The price of ETC may continue to fluctuate in the short term. But in the long term, continued demand for the cryptocurrency and the growth of the ETC ecosystem will likely drive its price higher.

Investor Recommendation

Investors should carefully consider investing in ETC as the cryptocurrency market is highly volatile. Studying price history, fundamentals, and overall market sentiment is critical to making informed investment decisions.

Short-term forecast

In the short term, ETC may continue to fluctuate in the range of $17 to $21.

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