Market Performance and Overview
Ethereum Classic (ETC) emerged as a result of Ethereum's hard fork at block 1,920,000. It retains the original Ethereum blockchain's principles, emphasizing decentralization and immutable consensus. Unlike its counterpart ETH, ETC adheres to the philosophy that blockchain operations should remain free from centralized control, governed solely by network participants and computational power.
Key Differentiators:
- ETC vs. ETH: Post-fork, Ethereum (ETH) continued as the new chain, while the original was rebranded as Ethereum Classic (ETC).
- Philosophy: ETC prioritizes code immutability and resistance to censorship.
Price Analysis and Metrics (Recent Data)
Below are critical market metrics for ETC. Note: Data is informational only—not investment advice.
| Metric | Value |
|---|---|
| 24H Price Range | $16.461 – $17.366 |
| 24H Volume | 981.721M ETC |
| 24H Volume (USD) | $166.4M |
| Circulating Supply | 1.52B ETC |
| Max Supply | 2.11B ETC |
| All-Time High | $179.99 |
👉 Track real-time ETC price movements
Historical Milestones
ETC has undergone significant upgrades and faced challenges since its inception:
Major Events Timeline
- 2016: ETC launched after Ethereum's DAO hard fork; published its Declaration of Independence.
- 2019: Survived 51% attacks; enhanced security protocols.
- 2020: Phoenix Hard Fork activated, improving compatibility with ETH.
- 2023: Focus on scalability via hybrid consensus and sharding.
Development Team
ETC's decentralized ethos extends to its team structure:
| Name | Role |
|---|---|
| Igor Artamonov | Founder & CTO |
| Constantine Kryvomaz | Rust/Go Developer |
| Darcy Reno | Project Manager |
Technology and Future Roadmap
- Proof-of-Work (PoW): Maintains energy-efficient mining.
- Upcoming Upgrades: IoT integration, cross-chain interoperability, and EVM enhancements.
- Security: Post-51% attack measures include checkpointing and modified finality.
Investment Insights
- ROI Potential: Early investors saw 2,339% gains during peak cycles.
- Risks: Volatility and competition from ETH's PoS transition.
👉 Learn how to stake ETC securely
FAQs About Ethereum Classic
1. Is ETC a good investment in 2024?
While ETC offers long-term value due to its foundational role, assess market trends and diversify portfolios.
2. How does ETC differ technically from ETH?
ETC retains original Ethereum code, whereas ETH shifted to Proof-of-Stake and scalability solutions like Rollups.
3. What’s ETC’s response to security threats?
Enhanced protocols like MESS (Modified Exponential Subjective Scoring) deter reorganization attacks.
For the latest updates, always refer to official ETC channels and trusted exchanges.
### SEO Notes:
- **Keywords Integrated**: Ethereum Classic, ETC vs ETH, PoW blockchain, ETC price, decentralization.
- **Structure**: Hierarchical headings (H2–H4), bullet points, and a Markdown table for data clarity.