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ETC Price $7.41 Change (24H) -3.82% Volume (24H) $651M Market Cap $820M

Ethereum Classic (ETC) Price, Stats & News

Ethereum Classic Summary

The Ethereum Classic price is based on an expansion of the original Ethereum blockchain and an open-source, distributed computing platform. The ETC price includes a smart contract feature, incorporating a Turing-complete virtual machine that utilizes an international chain of public nodes to complete scripts. ETC uses Ether tokens, the same as Ethereum for transactions on behalf of performed computations. Ethereum Classic is a fully decentralized, immutable network, community, and cryptocurrency. Ethereum Classic uses highly-efficient value transfers that allow it to focus on the Internet of Things applications, and runs a mathematically-verified Ethereum Virtual Machine (EVM), allowing users to enjoy an ultra-efficient means of exchanging value.

Technical Stats

Supply 230 Million
Genesis Date July 30, 2015 (over 2 years)
Hashing Algoritm Ethash
Block Time 0.2 Minute
Hashrate N/A

Ethereum Classic News

Blockstream Releases First Enterprise-Grade Product on Liquid

Source: bitcoinmagazine  -  4 days ago

Security tokens are coming to Bitcoin, courtesy of Blockstream.The Bitcoin and blockchain technology company announced on May 15, 2019, the final day of the Consensus 2019 conference, that Liquid Securities, a platform for issuing and managing security tokens on its Liquid sidechain, is ready to go live. This platform will provide Liquid and its users with its first product to issue digital assets, a foundational milestone for bringing tokenization to the Bitcoin network.Launched in October 2018, the Liquid sidechain is an auxiliary network built on Bitcoin, primarily to enable low-fee, low-latency transfers between exchanges. Blockstream has always advertised the potential for digital asset issuance on the sidechain, a promise it has now fulfilled in collaboration with Liquid Securities’ inaugural partners TokenSoft, BnkToTheFuture, Zenus Bank and Pixelmatic.“This is big for Liquid, to move from something that is used by exchanges toward a more advanced financial network,” Allan Piscitello, director of product management at Blockstream, told Bitcoin Magazine.Piscitello went on to say that one of the benefits of Liquid Securities includes having an asset that is both verifiable and auditable but also private. When issuing a token on Liquid, a company can keep specific details (like supply, allocation, etc.) private while allowing a trusted third party to audit operations. This means that enterprises don’t have to trade off p...

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