Ethereum Classic (ETC) Reaches Market Cap of $5.57 Billion

Ethereum Classic (CURRENCY:ETC) traded 3.6% higher against the U.S. dollar during the twenty-four hour period ending at 15:00 PM Eastern on July 22nd. During the last week, Ethereum Classic has traded 0.1% higher against the U.S. dollar. One Ethereum Classic coin can now be bought for about $43.32 or 0.00134180 BTC on popular exchanges. Ethereum Classic has a market cap of $5.57 billion and $1.83 billion worth of Ethereum Classic was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

  • Ethereum (ETH) traded 3.9% higher against the dollar and now trades at $2,022.85 or 0.06265896 BTC.
  • Super Zero Protocol (SERO) traded 6.2% higher against the dollar and now trades at $0.19 or 0.00000584 BTC.
  • Callisto Network (CLO) traded 8.7% higher against the dollar and now trades at $0.0055 or 0.00000017 BTC.
  • Etho Protocol (ETHO) traded down 4.8% against the dollar and now trades at $0.0630 or 0.00000195 BTC.
  • Ether Zero (ETZ) traded 6% higher against the dollar and now trades at $0.0015 or 0.00000005 BTC.
  • Ellaism (ELLA) traded 1.7% higher against the dollar and now trades at $0.0016 or 0.00000005 BTC.
  • Bitcoiin (B2G) traded 1.8% higher against the dollar and now trades at $0.0006 or 0.00000002 BTC.
  • Elementrem (ELE) traded 1.4% higher against the dollar and now trades at $0.0010 or 0.00000006 BTC.
  • Akroma (AKA) traded up 1.7% against the dollar and now trades at $0.0003 or 0.00000001 BTC.
  • Money Plant Token (MPT) traded 2.8% higher against the dollar and now trades at $0.0003 or 0.00000001 BTC.

Ethereum Classic Coin Profile

ETC is a proof-of-work (PoW) coin that uses the Ethash hashing algorithm. It was first traded on July 30th, 2015. Ethereum Classic’s total supply is 210,700,000 coins and its circulating supply is 128,691,928 coins. Ethereum Classic’s official website is ethereumclassic.org. Ethereum Classic’s official message board is forum.ethereumclassic.org. The Reddit community for Ethereum Classic is /r/EthereumClassic and the currency’s Github account can be viewed here. Ethereum Classic’s official Twitter account is @eth_classic and its Facebook page is accessible here.

According to CryptoCompare, “Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction. The Ethereum Classic mission statement is: “We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted – by anyone.” Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/ In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic. “

Buying and Selling Ethereum Classic

It is usually not presently possible to buy alternative cryptocurrencies such as Ethereum Classic directly using U.S. dollars. Investors seeking to trade Ethereum Classic should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ethereum Classic using one of the aforementioned exchanges.

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