What is ETC Ether (ETC Ethereum Classic Market)?
What is ETC Ether? ETC Ether is a proof-of-work (PoW) based blockchain system a
What is ETC Ether? ETC Ether is a proof-of-work (PoW) based blockchain system aiming to address the current mainstream public chain’s issues by improving scalability, security, and decentralization. The ETC network was built by Ethereum Classic developers in January 2014 and launched its testnet in early 2019. According to official introductions, ETC is a forked project of Ethereum, with improvements to the EVM such as the adoption of “zero-knowledge proofs” technology and the use of a new consensus algorithm, ProofofStake, which is open-source and tamper-proof similar to Bitcoin. It supports various programming languages for smart contracts, provides a virtual machine for cross-client interaction, and features functionalities for games and other applications. ETC also provides a platform to manage the private keys of ETH. (Medium)
Ethereum Classic Market Conditions
According to Okex data, the current price of Ethereum Classic (ETC) is $20.28, with a 4% decrease in the last 24 hours. When the market fluctuates significantly, it is advisable for investors to maintain rational investment and ensure risk control.
Note: The original text comes from OKEx, compiled and translated by Odaily’s Qin Xiaofeng. The English version is copyrighted by the original author. For Chinese reposts, please contact the email report@odaily.com. The article also discusses and summarizes the latest progress and related technologies of ETH2.0. (The above opinions do not constitute buying or selling advice)
It is reported that the overall computing power of ETC has exceeded 400PiB, with a little over 6 days left before the upgrade. It is expected to complete the final preparations before the mainnet goes online by the end of July.
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