Ethereum Classic ETC

At the moment, Ethereum Classic is trading at $12.59.

The current ETC’s ATH is $176.15. The ETC’s ATL is $0.4524.

Ethereum (ETH) and Ethereum Classic (ETC) split in 2016 due to the DAO hack incident, where a vulnerability in a smart contract allowed a hacker to steal funds. As a result, part of the community decided to roll back the transactions associated with the theft, creating a new blockchain, Ethereum, which continued to evolve. The other part of the community chose to preserve the original blockchain, leading to the creation of Ethereum Classic. This split resulted in two different approaches: Ethereum continued to implement new technologies and upgrades, including the transition to Proof-of-Stake (PoS), while Ethereum Classic remained on the original Proof-of-Work (PoW). In terms of technology, Ethereum significantly outpaces Ethereum Classic in scalability and adoption of new solutions such as sharding and network upgrades. Ethereum Classic, while committed to data immutability and decentralization, faces challenges in attracting new developers and users, which limits its growth potential. As a result, Ethereum has built a much larger ecosystem, whereas Ethereum Classic remains a niche project with fewer opportunities for development and integration of new technologies.

Ethereum Classic (ETC) is used for creating and executing smart contracts, as well as decentralized applications (dApps), similar to Ethereum. However, due to its limited scalability and lower adoption, Ethereum Classic is primarily utilized for projects that value data immutability and the principle of decentralization. This blockchain is particularly attractive to developers and users who prefer stability and avoid data alterations, which are common in newer blockchain versions. Additionally, Ethereum Classic continues to use the Proof-of-Work (PoW) consensus mechanism, making it part of the cryptocurrency ecosystem that supports mining.

Ethereum Classic can be viewed as a potential investment, but it comes with significant risks. As one of the oldest blockchains, it has maintained Ethereum’s original principles, including data immutability. While it remains compatible with the Ethereum ecosystem, it significantly lags behind in terms of adoption and development. Unlike Ethereum, which continuously implements upgrades and expands its ecosystem, ETC experiences slower growth and limited developer interest, which may hinder its long-term potential. From an investment perspective, Ethereum Classic remains a volatile asset, with price movements often influenced by broader market trends. Its sustainability depends on the demand for alternative blockchains and its ability to attract new projects and users. In the short term, ETC may appeal to speculators, but in the long run, it struggles to compete with more rapidly evolving blockchain networks. Investors should carefully weigh both its advantages and limitations before making a decision.

Ethereum Classic (ETC) can be purchased on major cryptocurrency exchanges that support this cryptocurrency. To do so, you need to create an account on the platform, complete the verification process, and fund your account. Then, you can buy ETC using fiat currencies (via bank transfer or card) or other cryptocurrencies. You can also use decentralized exchanges or P2P platforms, where users can directly exchange cryptocurrencies. However, it's important to be cautious with transaction security and fees when using these options.