{"id":22175,"date":"2024-02-19T09:54:44","date_gmt":"2024-02-19T09:54:44","guid":{"rendered":"https:\/\/zebpay.com\/au\/?p=22175"},"modified":"2024-02-19T09:54:45","modified_gmt":"2024-02-19T09:54:45","slug":"what-is-ethereum-classic-token","status":"publish","type":"post","link":"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token","title":{"rendered":"What is Ethereum Classic (ETC)?: A Complete Guide"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#Introduction\" title=\"Introduction\">Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#What_is_Ethereum_Classic_ETC\" title=\"What is Ethereum Classic (ETC)?\">What is Ethereum Classic (ETC)?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#KEY_TAKEAWAYS\" title=\"KEY TAKEAWAYS\">KEY TAKEAWAYS<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#How_Does_Ethereum_Classic_ETC_Work\" title=\"How Does Ethereum Classic (ETC) Work?\">How Does Ethereum Classic (ETC) Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#Market_Analysis_of_Ethereum_Classic_ETC\" title=\"Market Analysis of Ethereum Classic (ETC)\">Market Analysis of Ethereum Classic (ETC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#Ethereum_Classic_ETC_Use_Cases\" title=\"Ethereum Classic (ETC) Use Cases\">Ethereum Classic (ETC) Use Cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#What_is_The_Future_of_Ethereum_Classic_ETC\" title=\"What is The Future of Ethereum Classic (ETC)?\">What is The Future of Ethereum Classic (ETC)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#Real-world_Applications_of_Ethereum_Classic\" title=\"Real-world Applications of Ethereum Classic\">Real-world Applications of Ethereum Classic<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/zebpay.com\/au\/blog\/what-is-ethereum-classic-token\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ethereum Classic (ETC) is a decentralised, blockchain-based computing platform and crypto token, which enables developers to create and deploy smart contracts. Originating from a split within the Ethereum community in 2016, Ethereum Classic remains committed to the principle that &#8220;Code is Law&#8221; and preserves the original Ethereum Blockchain.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Ethereum_Classic_ETC\"><\/span>What is Ethereum Classic (ETC)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ethereum Classic (ETC) operates as an open-source, decentralised platform facilitating <a href=\"https:\/\/zebpay.com\/au\/blog\/smart-contracts-an-overview-of-the-future-of-transactions\" target=\"_blank\" rel=\"noreferrer noopener\">smart contracts<\/a> and crypto transactions. It emerged in 2016 because of the DAO attack, which prompted a philosophical divide within the Ethereum community. While the majority opted for a hard fork to rectify the hack, a segment of the community remained steadfast in preserving the original Ethereum blockchain, leading to the creation of Ethereum Classic.<br><br>The native crypto token of Ethereum Classic is called Ether as well, which can lead to a great deal of confusion. The difference lies in their ticker symbols. The new Ether is listed as ETH, while Ethereum Classic\u2019s Token is denoted as ETC.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"KEY_TAKEAWAYS\"><\/span>KEY TAKEAWAYS<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ethereum Classic (ETC) is an open-source, decentralised, blockchain-based distributed crypto asset platform that runs smart contracts.<\/li>\n\n\n\n<li>Ethereum Classic was originally known as Ethereum. It was created by Vitalik Buterin and the Ethereum Foundation and launched in 2015.<\/li>\n\n\n\n<li>Ethereum Classic originated after The DAO hack in 2016.<\/li>\n\n\n\n<li>The dispute caused a split in the Ethereum community, with the majority choosing to rectify the hack. Ethereum Classic is the name of the original blockchain.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Does_Ethereum_Classic_ETC_Work\"><\/span>How Does Ethereum Classic (ETC) Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Similar to Ethereum, Ethereum Classic allows for the execution of smart contracts as well. Smart contracts are self-executing code blocks that enable automated transactions based on predefined conditions and contracts between two parties. The ETC network permits anyone with a compatible crypto wallet to participate in transactions and operates on a permissionless basis. Ethereum Classic distinguishes itself by preserving the original Ethereum blockchain code.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/au\/blog\/ethereum-vs-ethereum-classic\" target=\"_blank\" rel=\"noreferrer noopener\">Ethereum Vs Ethereum Classic<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Analysis_of_Ethereum_Classic_ETC\"><\/span>Market Analysis of Ethereum Classic (ETC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Market Cap &#8211;<\/strong> $3,838,586,545<\/li>\n\n\n\n<li><strong>Volume (24h) &#8211;<\/strong> $151,393,858<\/li>\n\n\n\n<li><strong>Circulating Supply &#8211;<\/strong> 145,623,393 ETC<\/li>\n\n\n\n<li><strong>Total Supply &#8211;<\/strong> 210,700,000 ETC<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ethereum_Classic_ETC_Use_Cases\"><\/span>Ethereum Classic (ETC) Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following are some of the Ethereum Classic&#8217;s primary use cases-&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Facilitates <a href=\"https:\/\/zebpay.com\/au\/blog\/everything-you-need-to-know-about-dapps\" target=\"_blank\" rel=\"noreferrer noopener\">decentralised applications (dApps)<\/a> and smart contracts<\/li>\n\n\n\n<li>Its applications span various industries, including finance, supply chain management, gaming, and more<\/li>\n\n\n\n<li>Trading with ETC tokens&nbsp;<\/li>\n\n\n\n<li>Immutable record-keeping<\/li>\n<\/ul>\n\n\n\n<p>Additionally, Ethereum Classic serves as a historical record of the original Ethereum blockchain, maintaining its integrity and providing a platform for ideological adherence to blockchain principles.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_The_Future_of_Ethereum_Classic_ETC\"><\/span>What is The Future of Ethereum Classic (ETC)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The future of Ethereum Classic remains influenced by factors such as its ideological foundation, technological advancements, and regulatory landscape. While Ethereum Classic faces challenges in scalability and security concerns, its development efforts continue to focus on becoming a global payment network with decentralised governance. However, Ethereum Classic&#8217;s market position may face competition from Ethereum and other blockchain networks with broader acceptance and adoption.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Real-world_Applications_of_Ethereum_Classic\"><\/span>Real-world Applications of Ethereum Classic<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Real-world applications of Ethereum Classic extend to various sectors, including finance, where it facilitates decentralised financial services and transactions. It also finds utility in supply chain management, enabling transparent and immutable record-keeping. Furthermore, Ethereum Classic supports decentralised gaming platforms, digital identity verification, and more, showcasing its versatility across multiple industries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, Ethereum Classic (ETC) embodies the ethos of decentralisation and blockchain immutability. With its genesis from a philosophical division within the Ethereum community, Ethereum Classic remains committed to preserving the original Ethereum blockchain and upholding the principle that &#8220;Code is Law.&#8221; As it navigates through challenges and explores new opportunities, Ethereum Classic serves as a foundational platform for decentralised applications and smart contracts, contributing to the evolution of blockchain technology and its real-world applications.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/au\/blog\/what-is-blockchain-layer-0-1-2-and-3\" target=\"_blank\" rel=\"noreferrer noopener\">What are Blockchain Layers<\/a><\/p>\n\n\n\n<p>If you found this blog to be useful, do share it with other like-minded crypto enthusiasts. Click on the button below to begin your crypto trading journey using ZebPay.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-link-color wp-element-button\" href=\"https:\/\/connect.zebpay.com\/account\/login?returnUrl=%2Fconnect%2Fauthorize%2Fcallback%3Fclient_id%3Deee7baaa-9d6c-43f1-9eb6-8174f62cd244%26redirect_uri%3Dhttps%253A%252F%252Fzebpay.com%252Fapp%26response_type%3Did_token%2520token%26scope%3Dopenid%2520profile%2520wallet%253Atransactions%253Aread%2520trade%253Aread%2520trade%253Acreate%2520wallet%253Aaddress%253Acreate%2520wallet%253Aaddress%253Aread%2520wallet%253Atransactions%253Asend%26state%3Da4a47b6bfec7426e94f4155fe359b316%26nonce%3D5ab414418a0f4f20aa59f3aa55252029\" target=\"_blank\" rel=\"noreferrer noopener\">Trade now<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction Ethereum Classic (ETC) is a decentralised, blockchain-based computing platform and crypto token, which enables developers to create and deploy smart contracts. Originating from a split within the Ethereum community in 2016, Ethereum Classic remains committed to the principle that &#8220;Code is Law&#8221; and preserves the original Ethereum Blockchain. What is Ethereum Classic (ETC)? Ethereum [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":22176,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[16],"class_list":["post-22175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/22175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/comments?post=22175"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/22175\/revisions"}],"predecessor-version":[{"id":22178,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/22175\/revisions\/22178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media\/22176"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media?parent=22175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/categories?post=22175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/tags?post=22175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}