Ethereum Classic Crypto Price Prediction, Value and Chart (ETC)

Ethereum Classic (ETC) Frequently Asked Questions

What is Ethereum Classic?

Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction. The Ethereum Classic mission statement is: "We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone." Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/ In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic. (Description provided by CryptoCompare)

How do I buy Ethereum Classic?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Ethereum Classic.

What do investment analysts think about Ethereum Classic?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Ethereum Classic an overall rating of "C-", a technology and adoption rating of "C", and a market performance rating of "D".

Where can I get Ethereum Classic wallet?

Ethereum Classic produces its own wallet software that is available for download on its website, which allows you to store Ethereum Classic on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Ethereum Classic?

One Ethereum Classic (ETC) is currently worth $23.80 on major cryptocurrency exchanges. You can also exchange one Ethereum Classic for 0.00066654 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Ethereum Classic in U.S. dollars is $3.15 billion.

What hashing algorithm does Ethereum Classic use?

Ethereum Classic is a proof of work (PoW) coin that uses the Ethash algorithm.

How do I mine Ethereum Classic?

Ethereum Classic can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Ethereum Classic and access to a mining pool that pools your effort with other miners and a wallet to store the Ethereum Classic that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

What coins are similar to Ethereum Classic?

The following coins use Ethereum Classic's Ethash algorithm and proof of work (PoW) proof-type: Ethereum, Super Zero Protocol, Callisto Network, Etho Protocol, Ether Zero, Akroma, Ellaism, Bitcoiin, Elementrem, Money Plant Token, MeetPle, Mars Panda World, Game X Change, Exchange Payment Coin and Entherfound.

What is the Reddit page for Ethereum Classic?

The official Reddit community (subreddit) for Ethereum Classic is r/EthereumClassic.