ETC is the symbol of the Ethereum Classic. Ethereum Classic emerged after being hacked in 2016. Ethereum foundation decided to make changes with the foundations and created a hard fork. Ethereum known as ETH is the new version after the hard fork. ETC is the Ethereum Classic which still works as it used to do before the hard fork. 50 Million USD worth of digital assets were stolen in hacking in 2016.
With a total market cap of over $2.9 billion, Ethereum Classic is the No. 24 cryptocurrency by market size. The currency symbol for Ethereum Classic is ETC, it was launched in July 2015 and it originated in Switzerland. Ethereum Classic uses the Ethash hashing algorithm. There will only ever be 210 million Ethereum Classic tokens issued. So far 140 million tokens (66.5% of the total supply) have been issued.
We found savings accounts offering up to 5.57% APY on Ethereum Classic deposits. Check out our Ethereum Classic staking yields table for further details.
The technical price analysis for Ethereum Classic below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Ethereum Classic.
AYes Ethereum Classic is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Ethereum Classic use?
AEthereum Classic uses a proof of work ethash concensus algorithm.
QIs it possible to stake Ethereum Classic to generate passive income?
AYes, staking is available for Ethereum Classic on a number of platforms. For a full list of Ethereum Classic staking yields see our list of Ethereum Classic staking yields.
QHow much can I earn staking Ethereum Classic?
AYou can earn up to 5.57% APY by staking your Ethereum Classic tokens. Check out our Ethereum Classic staking yields table for further details.
QWhere is the best place to stake Ethereum Classic?
ARight now the best staking rates are on MDEX with an income rate of up to 5.57% APY.
QIs it a good time to buy Ethereum Classic?
AYou can check the technical indicators for Ethereum Classic on the Ethereum Classic Price Trend tab. These indicators are based on the analysis of multiple trading signals for Ethereum Classic.
QWhere is the best place to buy Ethereum Classic?
AYou can find the cheapest exchange on which to buy Ethereum Classic on the Ethereum Classic Buy tab.
QCan you get a Ethereum Classic loan without collateral?
AAlmost all Ethereum Classic loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Ethereum Classic flash loans which allow you to borrow uncollateralised Ethereum Classic for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Ethereum Classic loans on the Ethereum Classic Loans tab.
QWhich venture capital firms have invested in Ethereum Classic?
AThe following venture capital firms have invested in Ethereum Classic: DCG.
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