Ethereum Classic current price is $5.450.

  • ethereum-classic
    Ethereum Classic (ETC)
  • Live Price
    $5.450
  • 24h %
    4.95%
  • Market Cap
    $634.47 M
  • Volume
    $385.83 M
  • Available Supply
    116.32 M ETC
  • Rank
    34

Ethereum Classic current price is $5.450 with a marketcap of $634.47 M. Its price is 4.95% up in last 24 hours.
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Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Transaction Finality Ethereum Classic believes the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law. This does not necessarily mean that code replaces existing laws, or that only code is law (there are many geographical jurisdictions), but it gives users the opportunity to enter into a new blockchain-based jurisdiction where agreements are governed by code. By entering into contracts on Ethereum Classic, you can be certain that the network remains neutral. The outcome of transactions will be dictated by code you voluntarily interact with. Unless explicitly defined by the contract code, there are no reversals, no undos, no opt-outs. Transactions are final; applications are unstoppable. Decentralized Governance There are many problems that fester due to centralization and opaqueness; corruption, unaccountability, nepotism, inefficiency and stagnation. Ultimately, centralization leads to fragility; only decentralized systems can stand the test of time. These problems can be only solved by adhering to governance systems that do not rely on a central point of failure. Just like distributed networks and the consensus protocol itself, we believe that only truly decentralized projects can survive in the long run. Ethereum Classic manifests these values by relinquishing control by a formalized central foundation. The only hierarchy is that of transparent meritocracy and mutual reputation. No backroom deals or behind-closed-doors unilateral decision making; just free and open discourse.


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Ethereum Classic Twitter News Feed

The "MESS" solution being implemented to safeguard against 51% attacks on the Ethereum Classic blockchain may not be as secure as other alternatives, according to a new analysis.

Via @sebsinclair1989 https://trib.al/sqMPoe2

The two firms analyzed the 51% attack vulnerability and found that the Checkpointing and Timestamping solutions would provide “proven” security against such attacks.

ETC Cooperative, and IOHK Publish Analysis on Preventing 51% Attacks https://eng.ambcrypto.com/etc-cooperative-iohk-publish-analysis-on-preventing-51-attacks/

The ETC Co-op and IOHK recently came together to create an extensive report on proposed 51%-attack solutions.

Ensuring ETC Network Security — a comparison of 51% attack resistance proposals for #EthereumClassic https://link.medium.com/B71sspZaKab via @ETCCooperative @InputOutputHK

At @ETCCooperative, we've been working with @InputOutputHK on comparison of 51% attack resistance alternatives, with @gtklocker taking the lead:
https://static.iohk.io/docs/etc/ecip-comparison-for-51-attack-resistance.pdf

TL;DR - Checkpointing is provably secure in a way which MESS is not.

Medium article:
https://medium.com/etccooperative/ensuring-etc-network-security-a-comparison-of-51-attack-resistance-proposals-for-ethereum-e4a2cb0ca283

🔥 .@InputOutputHK collaborates with @ETCCooperative to publish a report on securing the #EthereumClassic $ETC blockchain https://u.today/etc-cooperative-joins-forces-with-iohk-to-present-six-solutions-for-preventing-51-percent-attacks

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