One of the two crypto assets that appeared in 2016 after a hard fork of the Ethereum network is Ethereum Classic. There were strong disputes within the Ethereum community before the fork about how to respond to the notorious DAO attack, in which a hacker exploited a loophole in the smart contract framework of the DAO, resulting in over $50 million ETH being inaccessible. One part of the Ethereum group proposed a hard fork in which the DAO hacker's harm would be essentially rolled back and removed from the background of the blockchain. This portion of the Ethereum group, with ETH as its native asset, endorsed the Ethereum chain as we know it today. The other portion of the Ethereum group maintained that immutability, while it could often lead to undesirable effects, was a key feature of blockchains. The idea of a hard fork being used to radically change the past of what happened on the Ethereum blockchain was opposed by this camp. The side of the hard fork that is now known as Ethereum Classic embraced this part of the Ethereum community, with ETC as its native asset. On the Ethereum Classic blockchain, the effects of the DAO hack are still present.
Ethereum Classic (ETC) coin's current price is 100.3683USD. The last 24-hour trading volume of Ethereum Classic is $2.06B. ETC price has decreased by -3.20% in the last 24 hours. It has a circulating supply of 116.31M coins, and the total market cap of Ethereum Classic is $11.67B. Users can use Binance, Bitfinex, or other cryptocurrency exchanges to purchase Ethereum Classic with USD utilizing their bank account and credit cards. Use the Aurox Terminal to purchase Ethereum Classic across multiple exchanges, track and view Ethereum Classic price charts, as well as utilize our proprietary signals and indicators to help you predict the market.
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