Ethereum Classic (ETC) is a decentralized, open-source blockchain-based platform that originated from a hard fork of the Ethereum (ETH) network. It was created in response to a hack that affected the Ethereum network in 2016, which led to the loss of millions of dollars worth of Ether (ETH). The Ethereum Classic network runs on a proof-of-work consensus mechanism and uses smart contracts to facilitate the creation of decentralized applications (DApps) and the execution of programmable transactions. While it shares many similarities with Ethereum, Ethereum Classic distinguishes itself by maintaining a strong commitment to immutability, meaning that transactions on the blockchain cannot be reversed or modified once they have been recorded.
Ethereum Classic is committed to maintaining a Proof-of-Work (PoW) consensus algorithm, which rewards miners for validating transactions and adding new blocks to the chain. This is in contrast to Ethereum, which has planned to transition to a Proof-of-Stake (PoS) consensus algorithm, where validators are chosen based on the amount of cryptocurrency they hold. Ethereum Classic's commitment to PoW is seen as a way to maintain the decentralization and security of the network.
Where to buy ETC Token
You can find ETC Token here at CoinTR Exchange! We are listing ETC/USDT, ETC/TRY on Spot Market and support up to 50X ETCUSDT Perpetual Futures!
What is the Price of ETC
The price of the ETC token is $19.37 per unit. It has a market cap of $2,726,474,035 and a fully diluted market cap of $4,081,186,441. It also has a 24-hour trading volume of $76,737,461. You can check the live price of their token right here!
How to buy ETC
Looking for a way to buy ETC. You can purchase ETC on CoinTR following the steps:
1. Log in your CoinTR account and click [Markets]. Click on [Spot].
2. Search “ETC” using the search bar to see the available trading pairs. Take ETC/USDT as an example,click [Trade].
3.Go to the [Spot] box. Enter the amount of ETC you want to buy. You can choose from opening a Limit order or a Market order. Take Market order as an example. Click [Buy ETC] to confirm your order. You will find the purchased ETC in your Spot Wallet.
Disclaimer: The views, thoughts, and opinions expressed in the article shall not be considered as investment advice and do not reflect the position of CoinTR, please use it at your own risk.