Everyone remembers the parent fork of the Ethereum platform? Don’t you? So we do!
Ethereums Classic has been added to the pool which contains more than 120 traiding pairs, it opens the ability to exchange it for another crypt, banks in Ukraine, Russia and all means of payment systems.
Ethereum Classic (ETC) is a blockchain-based cryptoplatform for developing decentralized applications based on open source smart contracts.
The Ethereum Classic provides the currency “Ether” (Classic Ether, ETC), which can be transferred from one network member to another and used to pay for calculations performed by public network nodes, and the ability to create your own digital assets (tokens) on the Ethereum Classic blockchain as well. The Ether paid for the calculations made is called “Gas”. Gas is not only served to pay for the calculations performed, but also prevents DDOS attacks on the network.
Elaboration
There are three development teams working with Ethereums Classic clients. At the time of April 27, 2017, 68% of the network nodes were running on the Parity client and 32% of Geth Classic. The highest hashrate of the network was recorded on December 2, 2017 and totaled 12,415 TH/s.
Market capitalization
In April 2017, the market capitalization of Ethereum Classic (ETC) was $456 million.and in May 2017, it has topped $1.5 billion. At the moment it is 50 349 966 119 RUB or 25 626 BTC.The Tradeblock service provides the ECX index-the equivalent of the ETC value in USD in real time.
A value of one unit of the Ethereum Classic (ETC) today, has totaled $ 5.87
What makes Ethereum Classic unique?
The main goal of Ethereum Classic is to preserve the Ethereum blockchain in which it was originally based, without artificially countering DAO hacking.
It has been attracted primarly those who disagree with the Ethereum’s answer, but since then the legacy network has gained a wider users base, which contains major investors such as Barry Silbert,CEO of the investment firm Grayscale.
As a voluntary organization, ETC developers do not pursue to turn the network into a commercial organization. Users pay a transaction fee, just like in case of Ethereum, and miners collect it based on their work, done in accordance with the PoW mining algorithm.
Unlike Ethereum, Ethereum Classic does not plan to turn into a PoS mining algorithm while several developers continue to work on future improvements such as solutions for scaling.
Now you can buy ETS for rubles, hryvnia, other crypts and e-wallets in the Coins.Black exchange for the shortest period of time and at the best price.
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