Ethereum Classic current price is $18.800.

Ethereum Classic current price is $18.800.


Ethereum Classic current price is $18.800 with a marketcap of $2.62 B. Its price is -6.19% down in last 24 hours.


Buy / Sell Ethereum Classic
  • ethereum-classic
    Ethereum Classic (ETC)
  • Live Price
    $18.800
  • 24h %
    -6.19%
  • Market Cap
    $2.62 B
  • Volume
    $176.99 M
  • Available Supply
    138.20 M ETC
  • Rank
    25

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Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions.Transaction FinalityEthereum Classic believes the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality;Code is Law. This does not necessarily mean that code replaces existing laws, or that only code is law (there are many geographical jurisdictions), but it gives users the opportunity to enter into a new blockchain-based jurisdiction where agreements are governed by code.By entering into contracts on Ethereum Classic, you can be certain that the network remains neutral. The outcome of transactions will be dictated by code you voluntarily interact with. Unless explicitly defined by the contract code, there are no reversals, no undos, no opt-outs.Transactions are final; applications are unstoppable.Decentralized GovernanceThere are many problems that fester due to centralization and opaqueness; corruption, unaccountability, nepotism, inefficiency and stagnation. Ultimately, centralization leads to fragility; only decentralized systems can stand the test of time.These problems can be only solved by adhering to governance systems that do not rely on a central point of failure. Just like distributed networks and the consensus protocol itself, we believe that only truly decentralized projects can survive in the long run.Ethereum Classic manifests these values by relinquishing control by a formalized central foundation. The only hierarchy is that of transparent meritocracy and mutual reputation. No backroom deals or behind-closed-doors unilateral decision making; just free and open discourse.

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By sticking with Proof of Work, $ETC has become the primary smart contract platform that preserves the fundamental innovation of the blockchain industry: Nakamoto Consensus.

#EthereumClassic #ETC #BTC #ETCtweets

"Proof of work enables consensus by merit, free choice, and adoption, not by voting."

Read this article to understand why proof of work permissionlessness is diametrically opposite to imposition by majority vote.

🔗:https://ethereumclassic.org/blog/2022-11-18-proof-of-work-is-not-voting-en

The Ethereum Classic Community Call is being held Tuesday, 15 November 2022!

Join us on Discord or watch live on YouTube at 15:00 UTC

https://github.com/ethereumclassic/community-calls/blob/main/20221101_031.md

The goal for $ETC is multi-decade stability.

That kind of stability is key for businesses to build on top of that chain, because they know that things aren’t going to change underneath them and break their use-cases.

#EthereumClassic

POS systems are nothing new. All existing systems are POS in some form. POW is the revolution and something you just cannot replace.

- @BobSummerwill

The best way for a protocol to avoid control by a particular group of people is to change as little as possible.

🧵 1/4

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