What is ETC Ethereum Classic?What is the future trend of ETC coins?

Author: block Taiwan Source: mitrade

What is ETC virtual currency?

ETC, the full name “Ethereum Classic”, Chinese can be translated as “Ether Classic”. It is an open source blockchain platform that can.De -decentralized application of running and drivers (DappTo.

ETC currency is Etheric’s classic native cryptocurrency with a total of 2.1 billion pieces. The current circulation is 140 million, and the circulation rate is 67%.Similar to BTC, ETC currency is selfless, no pre -sale, no reservation, and is completely produced through mining.However, the mining mechanism and rewards of the two are not exactly the same, as follows:

Ethereum classic (ETC currency) quotation chart ▼

ETC currency Birth background: The DAO incident triggers a hard fork

In April 2016, the hottest project of Ethereum, the DAO (decentralized autonomous organization), was established, and ETH raised a total amount of about 14%in May.Unfortunately, in June 2017, the hacker launched an attack on the project and stole 1/3 of the fundraising amount.

Faced with the attack incident, the Ethereum community proposed two solutions: one is to make all ETH return to the original place to restore the loss by changing the Ethereum code by the shoulder; the other is to be stolen, but resolutely oppose the modificationBlockchain code.

In the end, more and more people support forks.One month later, Ethereum completed a hard split fork forming Ethereum and Ethereum Classic.Igor Artamonov’s team maintained the old chain and renamed Ethereum Classic; the official maintenance of the new fork chain, which is mainly Vitalik Buterin, used the previous name Ethereum.

It is important to emphasize that Ethereum Classic is the real mother chain, and the birth time is earlier; Ethereum is a sub -chain, which is formed by a hard fork.In addition, although there are differences, ETH holders still get the same number of ETC airdrops after the fork.

What are the differences between ETC and ETH?

Although ETC and ETH both have common ancestors, after the fork, they are different in all aspects. The specifics are as follows:

ETC coin future prospects and prediction analysis

As of August 31, 2023, there were a total of 59 applications/protocols in Ether Classic, covering games, NFT, Finance and other fields.Compared to Ethereum, ETC is far from ETC.

However, in the case of insufficient ecological development, the classic market value of the Taotong can still surpass public chain currency currency such as Atom, Fil, ARB, OP, etc. This is inseparable from its early consensus. It always adheres”” “.

At present, Ethereum has given up the letter, and indirectly achieved ETC.Therefore, ETC’s future development needs to continue to adhere to this principle, and the foundation develops ecology strongly, because the development of the public chain requires strong applications as support, otherwise it will be just an empty shell.

ETC currency historical price and future trend analysis

ETC historical price

In the early stage of launch, ETC’s performance was not very good, and it was always suppressed within $ 2.In July 2016, ETC reached the minimum of $ 0.45 in history, and then rose with the market.

In January 2018, ETC coins appeared amazing to $ 45.However, a month later, ETC fell sharply and there was a market.After that, ETC continued to fall.

From 2019 to 2020, ETC is in the bear market cycle, maintaining the bottom of the bottom, and there is no breakthrough range of 4-12 US dollars.It was not until 2021 that ETC walked out of the bear market and soared to $ 167, creating the highest historical value.

After reaching the peak, ETC continued to fall, and the high rebound high continued to decline, but the low of $ 12 was hit by the short $ 4 of a short period.At present, ETC is out of the tail of the triangle, which means that the transformation is as soon as possible.

ETC2023 Valent

In the second half of 2023, ETC will fluctuate for a while.However, the production reduction in 2024 is very close. It is more likely to drive ETC to break up upward by this expectation, so it can be properly built.