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Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The market of Ethereum has been promising recently, and many friends who are forward-looking about investing want to invest in Ethereum Classic, so today I will analyze for you what is the current price of Ethereum Classic? With the continuous maturity and improvement of blockchain technology , digital currency is increasingly recognized by people, and more and more people understand and accept digital currency. Ethereum (ETH) and Ethereum Classic (ETC) are gradually coming into everyone’s field of vision, so what are they? What are their advantages? Let’s find out together!

Ethereum is an open source public blockchain platform with smart contract capabilities, providing a decentralized platform to process peer-to-peer contracts through its built-in native token Ethereum. Ethereum can be used to program, decentralize, secure and trade anything. Ethereum is the only built-in native token of Ethereum and is used to support the operation of smart contracts.

Ethereum is regarded as Bitcoin version 2.0. It uses Ethereum, a different blockchain technology from Bitcoin. Developers need to pay Ethereum (ETH) to support the operation of applications. Like other digital currencies, Ethereum can be bought and sold on trading platforms.

On July 20, 2016, Ethereum finally implemented a hard fork plan at the 1,920,000th block height and was divided into two chains, called ETH chain and ETH Classic.
chain, the tokens are called ETH and ETC respectively. Then came the Ethereum Classic blockchain version and its token ETC Ethereum Classic.

After the hard fork occurred, the monetary policies of ETH and ETC also reached a fork in the road. ETH currently has no upper limit and is in the stage of continuous issuance. Making Ethereum an inflation-resistant currency. Anti-inflation is a special case of inflation where the inflation rate decreases every year. ETC has returned to the tradition of the Austrian School of Economics and has planned production reductions in the same way as Bitcoin. The final total issuance will not exceed 230 million.

The core of the blockchain is the consensus mechanism. The ETC developer community has stated that it will not switch to POS like ETH. ETC uses the POW consensus algorithm to make any node connected to the dynamic network profitable. Regarding transaction speed, ETH – average 25 seconds. It will be shortened after the upgrade. ETC - average 14 seconds. Maintained at 10-14 seconds after upgrade (according to ECIP-1010
and ECIP-1036 protocol).

In terms of block capacity, ETH - as the daily transaction volume of ETH gradually reaches 5 million, the block capacity is becoming increasingly saturated. This situation is similar to the recent transaction fee problem of Bitcoin. This problem can be solved by expanding the block capacity. solve. ETC - There is still a lot of space in the current block capacity. As more and more people accept ETC, the block capacity will also increase, just like ETH.

Grayscale, the sponsor of the Ethereum Classic Investment Trust, published a 22-page paper in August this year titled "Into the Ether with Ethereum"
Classic》. The article outlines the potential applications of Ethereum Classic and why investors should pay attention to it.

The article reads: "We believe that Ethereum Classic will one day become the foundation for a global, highly secure, and decentralized Internet of Things (loT)." It also pointed out that if by 2025, ETC can obtain 10% of the Internet of Things device data traffic, then the price of each ETC will be close to US$150.

Talking about ETC’s investment opportunities, Beck wrote: “First, ETC has store-of-value properties similar to those of precious metals and Bitcoin, which makes it an inflation hedge suitable for long-term investments. Second, as a digital currency that runs Ethereum Classic smart contracts Token ETC, it is a scarce commodity that can power the global development of the Internet of Things." Ethereum Classic ETC currently has many exciting projects being launched. It is believed that Ethereum Classic will become a decentralized and tamper-proof public infrastructure in the future.