Ethereum Classic (ETC) Crypto Exchange
Instantly exchange Ethereum Classic at the best ETC exchange rate on ChangeNOW. Free of limits, accounts, and worries. Spend your time and energy on what matters — we’ll handle the rest.
What is ETC?
Ethereum Classic (ETC) is a cryptocurrency positioning itself as the main competitor and the main antagonist of Ethereum. It originated in 2016 when several major events within the Ethereum network took place. During that time a series of hacks occurred, which led to several shortcomings in the security system of the network. The result of the said shortcoming was a theft of a part of DAO’s investment. After further events, some supporters decided that the path the project was going down did not correlate with its original message.
As a result of the incident with the DAO, 3.6 million ETH were stolen, which corresponds to $50 million at the rate at that time. Vitalik Buterin suggested a full rollback of the system and its restart, which would help to return the stolen funds. However, part of the community did not support his idea and decided to separate. On July 20, 2016, an Ethereum hard fork occurred, as a result of which a separate branch separated from the blockchain, which was called Ethereum Classic.
In fact, ETC is the authentic Ethereum version. Initially, the ETC crypto produced a huge boom on the market. Now it remains quite popular. Ether Classic mining is provided on the same principles as Ethereum, with minor differences.