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TürkçeEthereum Classic Information
Ethereum Classic is a decentralized blockchain platform that maintains the original Ethereum code after the split with Ethereum post-DAO hack. Known for its emphasis on immutability, Ethereum Classic preserves the principle that code should remain unchanged once deployed. Its community values security and a commitment to the original vision of blockchain, making it a unique player in the cryptocurrency landscape.
Ethereum Classic: A Journey Through Time
Ethereum Classic (ETC) stands as an intriguing chapter in the broader cryptocurrency narrative. Born from a major schism within the Ethereum community, Ethereum Classic has charted its own course, marked by resilience and dedication to its core principles. Understanding this coin requires delving into its history, evaluating its strengths and weaknesses, and envisioning its potential future trajectory.
The Origins and Evolution of Ethereum Classic
In 2016, a contentious hard fork in the Ethereum blockchain gave birth to Ethereum Classic. This split was driven by differing philosophies regarding the immutability of the blockchain following the infamous DAO hack, which saw a significant loss of funds. While Ethereum opted for a hard fork to restore lost funds, Ethereum Classic (ETC) remained on the original blockchain, upholding the principle of immutable ledgers. This steadfast commitment to unalterable blockchain history has been both its defining characteristic and cornerstone of its identity.
Strengths of Ethereum Classic
Ethereum Classic's greatest strength lies in its ideological commitment to decentralization and immutability. This commitment appeals to purists within the crypto community who value the unchangeable nature of blockchain technology. Furthermore, ETC has shown remarkable resilience, surviving amidst a competitive and fast-evolving crypto landscape, while maintaining a significant market capitalization and active community support.
Another advantage is its fixed supply limit of 210,700,000 ETC, making it deflationary in nature, similar to Bitcoin, which increases its appeal as a store of value.
Challenges and Risks
Despite its philosophical appeal, Ethereum Classic faces several challenges. The network has been susceptible to 51% attacks, raising concerns about its security. These vulnerabilities highlight the need for enhanced network security to maintain stakeholder confidence and attract new users.
Furthermore, Ethereum Classic's adherence to its original protocol means that it lacks some of the technological advancements seen in its sibling, Ethereum, such as the shift to proof-of-stake and other scaling solutions. This has placed ETC at a technological disadvantage in an ecosystem that is rapidly evolving.
Ethereum Classic's Market Performance
Historically, Ethereum Classic has seen significant price fluctuations. From its all-time low of $0.615 in July 2016 to an all-time high of $167.09 in May 2021, ETC has experienced remarkable growth, albeit with substantial volatility. Currently valued at $18.69, ETC's price reflects a dramatic fall from its peak, but also emphasizes its growth from inception.
This volatility is typical of cryptocurrencies and indicates both the potential for significant gains and the risk of sharp declines.
The Road Ahead for Ethereum Classic
The future of Ethereum Classic hinges on its ability to navigate the challenges posed by security vulnerabilities and the fast-paced innovation in blockchain technology. Work is ongoing to strengthen its security and improve network participation. Success in these areas could make ETC an attractive option for those who value its commitment to decentralization and immutable records.
Moreover, Ethereum Classic can carve out a sustainable niche by distinguishing itself through unique use-cases or by fostering partnerships that leverage its immutable ledger. As the market evolves, its steadfast philosophy might continue to find favor among certain segments of the investor community.
Conclusion: A Principled Persistence
In the bustling world of cryptocurrencies, Ethereum Classic remains a testament to unwavering principles. While it faces challenges in terms of technology and security, its core value of immutability continues to attract a dedicated following. Whether it will evolve to meet new technological demands or remain a bastion of blockchain purism will significantly impact its future relevance in the crypto market.
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from price
$27
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General Information |
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Title
Ethereum Classic
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Symbol
etc
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Whitepaper
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Website
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Community
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Last Updated
2025-01-21 23:53
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Price Data |
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Current Price $
27.14
$
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High 24h
27.75
$
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Low 24h
25.07
$
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Price Change 24h
1.44
$
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Price Change % 24h
5.58389
%
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Market Data |
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Market Cap
4079689639
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Total Volume
205589629
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Market Cap Change 24h
208288378
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Market Cap Change % 24h
5.38018
%
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Return on Investment (ROI)
5931.1113701197
%
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Supply and Availability |
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Circulating Supply
150438350.54483
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Total Supply
150439448.08083
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Max Supply
210700000
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Historical Data |
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All Time High (ATH)
167.09
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ATH Change %
-83.79801
%
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ATH Date
2021-05-06 18:34
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All Time Low (ATL)
0.615038
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ATL Change %
4301.54041
%
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ATL Date
2016-07-25 00:00
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