Ethereum Classic (ETC) is a hard fork of Ethereum, launched in 2016 after the DAO hack. Unlike Ethereum, which transitioned to Proof-of-Stake (PoS), Ethereum Classic continues to use Proof-of-Work (PoW), preserving the original concept of decentralization.
1. Key features of Ethereum Classic
- Smart contracts — support for decentralized applications (DApps).
- Proof-of-Work (PoW) — mining remains a key security mechanism.
- Limited supply — only 210.7 million coins.
- Independence from Ethereum — development is proceeding on a separate path.
2. Current price and market indicators
- Price of ETC: $18.66 (as of May 27, 2025).
- Market capitalization: $2.8 billion.
- Trading volume: $87 million in the last 24 hours.
3. History and development
Ethereum Classic emerged after disagreements in the Ethereum community regarding the rollback of the blockchain following the DAO hack. Supporters of ETC believe that the blockchain should be immutable, even in the event of a hack.
4. The future of Ethereum Classic
ETC continues to develop despite competition with Ethereum. Possible in the future:
- Improving scalability through Layer 2 solutions.
- Growing institutional interest in PoW assets.
- Integration with new DeFi projects.
Ethereum Classic remains an important player in the world of cryptocurrencies, offering an alternative to Ethereum while preserving the original principles of the blockchain. If you want to know more, let me know! 🚀💡