About Ethereum Classic
Ethereum Classic is a branch cryptocurrency of Ethereum and was published on Nov 1st, 2015. ETC was studied by the Ethereum Classic team. The function of ETC is very similar to the Ethereum. Its core algorithm is Ethash. ETC aims to keep core nature of original Ethereum blockchain. Its currency volume is 230 million. Currently, the total ETC mined out is 0.95 billion. For every 5 million blocks, the speed is slowed down 20%. The first reducing time is in December 2017. Ethereum Classic is a decentralized platform, which runs an intelligent contract. The application running on ETC will not be stopped, checked, cheated and through the third party intervene.
1.Use POW consensus mechanism
ETC uses POW consensus mechanism to favor accessing node of any dynamic network.
Anonymity is very important to encrypt digital currency user. ETC user will enjoy transaction recording anonymous service.
Programs stored on the blockchain will be run by every node. Individuals who need the running program will pay fees to node miner or right holder.
ETC blockchain recording and contract cannot be changed.
Ethereum Classic price
ETC price to USD achieved the highest-level 45.51 USD on Jan 14th, 2018. From the beginning to Dec 26th, 2017, the price fluctuated smoothly. After Dec 26th, the rising and falling of price were very large.