Ethereum Classic (ETC) Price – Current Live Value

Ethereum Classic (ETC)

Ethereum Classic (ETC) is actually the original cryptocurrency for the Ethereum network, while the more popular and better known Ethereum (ETH) coin is the result of a hard fork to the underlying blockchain that occurred in 2016. While ETH is considered the primary digital currency stretching back to the origin of the network, ETC is the token that still operates on the original Ethereum protocols. The value of Ethereum Classic underwent an elevated period leading into the 2018 crypto boom, and eventually fell alongside the rest of the market. It now trades at around its price level at launch. It remains a top 20 crypto coin by total market cap.

The Ethereum Classic split occurred as the result of a security weakness in the underlying protocol. Those who remained with the original blockchain network essentially believed that there should be no changes to the underlying blockchain on the grounds that its integrity rested on its immutability.

Otherwise Ethereum Classic operates similarly to the original blockchain, focusing on providing a platform for Smart Contracts and the development of decentralized applications. It has since made adjustments similar to ETH to provide a better system of incentives for its network allocation. ETC is used as a coin for transactions on this network and can also be traded on most major digital currency exchanges.