Ethereum Classic (ETC) :
Ethereum Classic, an alternative cryptocurrency to Ethereum, was forked off the original Ethereum chain, which is now called Ethereum. The fork occurred due to a disagreement in the Ethereum community about how the digital currency should be developed.
The disagreement stemmed from an exploit found in June 2016 that allowed hackers to create more tokens than anticipated. This exploit became known as the DAO and was eventually addressed with an update called a hard fork. However, this update wasn’t without its own set of problems - it resulted in two competing currencies: Ethereum (ETH) and Ethereum Classic (ETC).
Uses of Ethereum Classic (ETC) :
Ethereum Classic is a decentralized blockchain platform that runs smart contracts and allows people to set up their own companies on the network.
A good use case for Ethereum Classic was when it was used by NewYorkCoin (NYC) to solve the problem of double-spending. NewYorkCoin’s blockchain ledger system had kept track of all transactions until someone attempted to spend their digital assets twice. The Ethereum Classic Network, which is based on the same decentralized principles as NYC, was able to reject this transaction.
Interesting facts about Ethereum Classic :
Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
The Ethereum Classic project was launched with a philosophical difference from the Ethereum Foundation's original vision of "a world computer" with an emphasis on scalability and decentralization.
Ethereum Classic is a decentralized public blockchain with robust smart contract functionality largely identical to Ethereum's. The difference from Ethereum is that it has a negligible quantity of pre-mined coins, no inbuilt programming language; and the DPoS consensus algorithm.
It was rebranded from Ethereum to distinguish itself from the increasingly popular mother network.
Token Name: Ethereum Classic
Short Name: ETC
Total Supply : 210,700,000
Circulating Supply: 135,350,679.02
How to buy Ethereum Classic (ETC) ?
Follow the below steps to buy Ethereum Classic,
1. Create a crypto trading account with Koinbazar global cryptocurrency exchange platform
2. Complete your KYC Verification Process
3. Add your Bank Account
4. Start to buy Ethereum Classic with Bitcoin (BTC), Ethereum (ETH), Indian Rupee (INR) and Tether (USDT)
ETC/BTC -> https://koinbazar.com/trade/ETC_BTC
ETC/ETH -> https://koinbazar.com/trade/ETC_ETH
ETC/INR -> https://koinbazar.com/trade/ETC_INR
ETC/USDT -> https://koinbazar.com/trade/ETC_USDT
To Make your Ethereum Classic trade anywhere, anytime with the great trading experience with Koinbazar Android and iOS app.