Ethereum Classic (ETC)
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About ETC
Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that runs smart contracts and enables decentralized applications (dApps). Formed from the original Ethereum blockchain, Ethereum Classic preserves the original code and vision, prioritizing immutability and censorship resistance. ETC operates with a Proof of Work (PoW) consensus mechanism and is widely used for secure, transparent transactions. The Ethereum Classic ecosystem is committed to a secure and decentralized approach to blockchain technology. Explore live ETC prices, historical data, and market insights on our Ethereum Classic Markets page to stay updated on this resilient platform.
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News
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A sweeping crypto tax overhaul promises to unlock everyday digital asset use by slashing compliance burdens, exempting small transactions, and aligning crypto with traditional finance rules. De Minimis Rule Aims to Eliminate Tax Headaches for Small Crypto Payments Tax policy…
SEC Issues Guidance on Crypto ETP Compliance Obligations Under Federal Law
The SEC delivered sweeping guidance for crypto ETP issuers, outlining strict disclosure standards that could fast-track compliant offerings and expand institutional access to digital assets. SEC Clarifies Rules for Crypto ETPs Under Securities Acts The U.S. Securities and Exchange Commission…
North Korean Hacking Groups Employ New Methods to Target Web3 Companies
North Korean hacking groups are developing new methods to target Web3 companies, including some aimed at infecting Apple systems. Additionally, the use of social engineering is becoming more prevalent in these attacks, highlighting the level of preparation involved in these…
Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures
The summer heat is taking a toll on U.S.-based Bitcoin mining operations, with multiple public miners reporting lower realized hashrates in June due to curtailments to avoid high power costs and grid penalties. This article is from Theminermag, a trade…
Why Bitcoin Isn't Soaring? Cryptoquant Analysts Points to 895K Demand Drop Outweighing Institutional Buys
Despite significant bitcoin accumulation by U.S. exchange-traded funds (ETFs) and companies like Strategy (MSTR), broader market demand for the leading crypto asset has contracted sharply, effectively offsetting potential price gains and preventing new all-time highs, according to a July 3,…
Frequently Asked Questions about Ethereum Classic
What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is the original Ethereum blockchain, designed to run smart contracts and support decentralized applications. It is a decentralized, immutable blockchain that operates independently of Ethereum (ETH).
How did Ethereum Classic originate?
Ethereum Classic originated from a split in the Ethereum blockchain following the DAO hack in 2016. Those who prioritized immutability continued to support the original chain, which became Ethereum Classic (ETC).
What are the primary uses of ETC?
ETC is used to pay for transactions and computational services on the Ethereum Classic network, supporting decentralized applications and smart contracts with a focus on immutability and security.
How can I store Ethereum Classic securely?
ETC can be stored in hardware wallets like Ledger, as well as in secure software wallets such as Exodus and Trust Wallet, which provide reliable options for managing Ethereum Classic.
What makes Ethereum Classic unique?
Ethereum Classic is unique for its dedication to immutability and its commitment to preserving the original Ethereum code and vision. It maintains a Proof of Work consensus, prioritizing security and censorship resistance.
Is Ethereum Classic a good investment?
Ethereum Classic appeals to those interested in a secure, immutable blockchain. Investment in ETC, like all cryptocurrencies, should be based on personal research and risk assessment.
Can Ethereum Classic be used for smart contracts and dApps?
Yes, Ethereum Classic supports smart contracts and decentralized applications, allowing developers to build and deploy projects on its secure, decentralized blockchain.