Etc crypto blockchain realtime

It has a circulating supply of ,, ETC coins and a max. You can find others listed on our crypto exchanges page. Its main function is as a smart contract network, with the ability to host and support decentralized applications DApps. Its native token is ETC. Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.

Who Are the Founders of Ethereum Classic? Ethereum Classic is in fact the legacy chain of Ethereum, and its true creators are therefore the original Ethereum developers — Vitalik Buterin and Gavin Wood. A contentious hard fork on Ethereum occurred in July , when participants disagreed over whether to revert the blockchain to cancel out the effects of a major hack.

Ethereum Classic came into being as the network which did not revert the chain. As a voluntary organization, the developers of ETC do not aim to turn the network into a for-profit entity. Users pay transaction fees as with Ethereum, and miners collect them based on work done as per the proof-of-work PoW mining algorithm.

Unlike Ethereum, Ethereum Classic has no plans to convert to a proof-of-stake PoS mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions. ETC has a maximum circulating supply of ,, An Ethereum Classic wallet is the most secure place you can store the Ethereum Classic currency that you just bought or are thinking of buying.

There are three types of wallets: Hot wallets - these wallets are connected to the internet, making it easier for users to access their coins for purchase and trade. The major downside to hot wallets is that it is more susceptible to hacks and security attacks. Cold wallets - a cold wallet allows a user to store their cryptocurrencies offline.

It is generally considered to be more secure than a hot wallet. However, hardware cold wallets are not free and need to be checked for compatibility. If you share the same values and vision, then ETC might be the right coin for you. It has the same features as ETH without all of the hard forks that change the fundamental rules of the blockchain.

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