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|Change unlimited token emission to a fixed-cap [[monetary policy]] similar to [[bitcoin]] with a hard cap of around 210 Million.<ref name=":0" />
|Change unlimited token emission to a fixed-cap [[monetary policy]] similar to [[bitcoin]] with a hard cap of around 210 Million.<ref name=":0" />
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==Adoption==

===Market capitalization===

In June 2017, the market capitalization of Ethereum Classic (ETC) was more than $2 Billion USD<ref name="etccap">{{Cite web|url=https://coinmarketcap.com/currencies/ethereum-classic/|title=Ethereum Classic (ETC) price, charts, market cap, and other metrics {{!}} CryptoCurrency Market Capitalizations|website=coinmarketcap.com|access-date=2017-04-29}}</ref> and was the 6th largest digital currency by market capitalization.<ref name="auto"/>

The all-time high in price reached over $22 on June 20, 2017.<ref name="etccap"/>

=== Block Explorers ===
* Gas Tracker<ref>{{cite web|url=http://gastracker.io/|title=Ethereum Classic Block Explorer - GasTracker.io (Ethereum Classic Block Explorer)|publisher=}}</ref>
* ETC Chain<ref>{{cite web|url=https://etcchain.com/explorer|title=ETC Block Explorer - Ethereum Classic BlockChain Explorer|publisher=}}</ref>
* EtherHub<ref>https://etherhub.io//</ref>
* Tradeblock<ref>{{cite web|url=https://tradeblock.com/ethereum|title=TradeBlock|publisher=}}</ref>

=== Decentralized Applications (dApps) ===
* Stampery<ref>{{cite web|url=https://stampery.com/|title=Stampery: leaders in blockchain-based data certification|publisher=}}</ref> - Certify and Verify documents on the blockchain for Proof of Ownership, Proof of Existence, Proof of Integrity and Proof of Receipt. Easy to create accounts can be found at stamp.io.<ref>{{cite web|url=https://stamp.io|title=Stamp.io – Certify your digital documents using the Blockchain|publisher=}}</ref>
* DexNS (or Decentralized Naming Service)<ref>{{cite web|url=https://dexaran.github.io/nameservice/#help|title=DexNS|publisher=}}</ref> is an open source DApp with built-in wallet support allowing users to associate their addresses, contracts and contract ABI with 'Names' or access already existing contracts by 'Names' without ABI requirement.

=== Wallets ===
* My Ether Wallet<ref>{{cite web|url=https://www.myetherwallet.com/|title=MyEtherWallet.com|publisher=}}</ref> - Open Source Web Wallet.
* Classic Ether Wallet<ref>{{cite web|url=https://classicetherwallet.com/|title=ClassicEtherWallet: Client-Side Classic Ether Wallet|publisher=}}</ref> - Open Source Web Wallet (Forked off of MyEtherWallet)
* Classic Ether Wallet<ref>{{cite web|url=https://chrome.google.com/webstore/detail/classicetherwallet-cx/opggclcfcbfbchcienjdaohghcamjfhf?hl=en|title=ClassicEtherWallet CX|publisher=}}</ref> (Chrome Extension)
* Jaxx Wallet<ref>{{cite web|url=https://jaxx.io/|title=Jaxx IO|publisher=}}</ref> - Web, Android, IOS, Desktop, Linux, Firefox and Chrome.
* Ledger Nano S<ref>{{cite web|url=https://www.ledgerwallet.com/|title=Ledger Wallet - Hardware wallets - Smartcard security for your bitcoins|publisher=}}</ref> - Hardware Wallet
* Geth Classic<ref>{{cite web|url=https://github.com/ethereumproject/go-ethereum/releases|title=ethereumproject/go-ethereum|publisher=}}</ref> - Node/Wallet
* EthCore's Parity<ref>{{cite web|url=https://parity.io/|title=Parity Technologies|publisher=}}</ref> - Node/Wallet

=== Exchanges that Trade Ethereum Classic (ETC) ===
{{colbegin||20em}}
* Bitfinex<ref>{{cite web|url=https://www.bitfinex.com/|title=Bitfinex|publisher=}}</ref>
* Poloniex<ref>{{cite web|url=https://poloniex.com/|title=Poloniex - Bitcoin/Cryptocurrency Exchange|publisher=}}</ref>
* Kraken<ref>{{cite web|url=https://www.kraken.com/|title=Kraken - Buy, Sell and Margin Trade Bitcoin (BTC) and Ethereum (ETH) - Buy, Sell, & Trade Bitcoin|publisher=}}</ref>
* Shapeshift<ref>{{cite web|url=https://shapeshift.io/#/coins|title=ShapeShift - Cryptocurrency Exchange - Simple Coin Conversion|publisher=}}</ref>
* Changelly<ref>{{cite web|url=https://changelly.com/exchange/BTC/ETC/1|title=Changelly. Exchange cryptocurrencies at the best rate.|publisher=}}</ref>
* CHBTC<ref>https://trans.chbtc.com/etc</ref>
* Bitsquare<ref>{{cite web|url=https://bitsquare.io/|title=Bitsquare - The decentralized bitcoin exchange|publisher=}}</ref>
* Bittrex<ref>{{cite web|url=https://bittrex.com/|title=Bittrex.com - Bittrex, The Next Generation Digital Currency Exchange|publisher=}}</ref>
* Yunbi<ref>https://yunbi.com/</ref>
* BitMEX<ref>{{cite web|url=https://www.bitmex.com/app/trade/ETC7D|title=▼ 0.003882 (ETC7D) Trade - BitMEX|publisher=}}</ref>
* BTER<ref>{{cite web|url=https://bter.com/trade/etc_btc|title=ETC/BTC Ethereum Classic Exchange - Bter.com - Bitcoin and Crypto-currency Exchange Platform|publisher=}}</ref>
* Yobit<ref>{{cite web|url=https://yobit.net/en/trade/ETC/BTC|title=YoBit.Net - EthereumClassic (ETC) Exchange|publisher=}}</ref>
* CoinExchange<ref>{{cite web|url=https://www.coinexchange.io/market/ETC/BTC|title=0.00499998 ETC / BTC Market - EthereumClassic Exchange - CoinExchange.io|publisher=}}</ref>
* LiteBit<ref>{{cite web|url=https://www.litebit.eu/en/buy/ethereumclassic|title=Buy Ethereum Classic at LiteBit with Creditcard, GiroPay, SEPA or SEPA|first=|last=LiteBit.eu|publisher=}}</ref>
* Btc Markets<ref>{{cite web|url=https://www.btcmarkets.net/|title=BTC Markets - Buy Bitcoins - Bitcoin Exchange|publisher=}}</ref>
{{colend}}


==References==
==References==

Revision as of 04:08, 10 July 2017


Ethereum Classic
Initial release30 July 2015
Repository
Written inC++, Go, Rust
Operating systemClients available for Linux, Windows, macOS, POSIX, Raspbian
Platformx86, ARM
TypeDecentralized computing
LicenseMultiple open-source licenses
Websiteethereumclassic.github.io

Ethereum Classic (ETC) is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.[1][2] It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called "classic ether", which can be transferred between participants and is used to compensate participant nodes for computations performed. Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request.[3][4][5][6] It is the 5th largest cryptocurrency by market cap.[7][8]

Ethereum Classic came into existence as a result of the DAO hard-fork.[9][10] It consolidated members of the Ethereum community who rejected the DAO Hard Fork on philosophical grounds, for reasons stated in the Ethereum Classic Declaration of Independence.[11] People who held Ether from before the DAO hard fork have both a balance of Ethereum Classic (ETC) and an equal amount of Ethereum (ETH). Exchanges that held customer funds in Ethereum also held in their control a proportional quantity of ETC after the hard fork but may have lost significant amounts due to the lack of replay protection that was not programmed in the DAO Hard Fork code released by the Ethereum Foundation and exchanges lack of knowledge of how to separate ETC from ETH and secure it.[12] Users at most ETH exchanges have demanded their ETC be made available to them.[13] As of 1 July 2017, both Ethers are actively traded.[14]

Ethereum Classic underwent a technical hard fork to adjust the internal pricing for running various op codes on the Ethereum Virtual Machine (EVM) on 25 October 2016, similar to the hard fork the ETH chain did a week earlier. The goal was to more rationally price various compute-intensive and external reference commands to reduce the incentive for spammers who had conducted a month-long distributed denial-of-service attack on the ETC network.[15] A hard fork that occurred early 2017 successfully delayed the so-called "difficulty bomb", originally added to Ethereum's code in September 2015 in order to exponentially increase the difficulty of mining, or the competitive process by which new transaction blocks are added to the network.[16] Another hard fork is planned for late 2017 to change unlimited token emission to a fixed-cap monetary policy similar to bitcoin with a hard cap of around 210 Million.[17]

Milestones & Hard Forks

Release Date Code name Milestones & Hard Forks
July 30, 2015 Frontier The release of the Ethereum Genesis block.[18]
March 14, 2016 Homestead The 2nd major release of the Ethereum Classic platform, which introduced EIP-2, EIP-7, and EIP-8.[19]
October 25, 2016 GasReprice Repriced some operations to prevent DoS attacks affecting both Ethereum and Ethereum classic networks. Introduced ECIP-1050.[20]
January 14, 2017 Die Hard Delayed the difficulty bomb which was originally intended to force the network to move from proof of work to proof of stake and added replay protection to prevent transactions on the Ethereum network being accepted on the Ethereum classic chain. Introduced ECIP-1010 and EIP-155.[21]
December 12, 2017 (estimate) Monetary policy change Change unlimited token emission to a fixed-cap monetary policy similar to bitcoin with a hard cap of around 210 Million.[17]

Adoption

Market capitalization

In June 2017, the market capitalization of Ethereum Classic (ETC) was more than $2 Billion USD[22] and was the 6th largest digital currency by market capitalization.[7]

The all-time high in price reached over $22 on June 20, 2017.[22]

Block Explorers

Decentralized Applications (dApps)

  • Stampery[27] - Certify and Verify documents on the blockchain for Proof of Ownership, Proof of Existence, Proof of Integrity and Proof of Receipt. Easy to create accounts can be found at stamp.io.[28]
  • DexNS (or Decentralized Naming Service)[29] is an open source DApp with built-in wallet support allowing users to associate their addresses, contracts and contract ABI with 'Names' or access already existing contracts by 'Names' without ABI requirement.

Wallets

  • My Ether Wallet[30] - Open Source Web Wallet.
  • Classic Ether Wallet[31] - Open Source Web Wallet (Forked off of MyEtherWallet)
  • Classic Ether Wallet[32] (Chrome Extension)
  • Jaxx Wallet[33] - Web, Android, IOS, Desktop, Linux, Firefox and Chrome.
  • Ledger Nano S[34] - Hardware Wallet
  • Geth Classic[35] - Node/Wallet
  • EthCore's Parity[36] - Node/Wallet

Exchanges that Trade Ethereum Classic (ETC)

References

  1. ^ Ehsani, Farzam (22 December 2016). "Blockchain in Finance: From Buzzword to Watchword in 2016". CoinDesk (News). Retrieved 22 December 2016.
  2. ^ Vigna, Paul (28 October 2015). "BitBeat: Microsoft to Offer Ethereum-Based Services on Azure". The Wall Street Journal (Blog). News Corp. Retrieved 17 February 2016.
  3. ^ "Account Types, Gas, and Transactions — Ethereum Homestead 0.1 documentation". ethdocs.org. Retrieved 15 January 2017.
  4. ^ Ethereum. "Gas and transaction costs | Ethereum Frontier Guide". ethereum.gitbooks.io. Retrieved 15 January 2017.
  5. ^ "What is the "Gas" in Ethereum?". CryptoCompare. Retrieved 15 January 2017.
  6. ^ ConsenSys (23 June 2016). "Ethereum, Gas, Fuel, & Fees". ConsenSys Media. Retrieved 15 January 2017.
  7. ^ a b "U.S. investment firm launches $10 mln ethereum classic private fund". Reuters. 26 April 2017. Retrieved 27 April 2017.
  8. ^ "Ethereum Classic (ETC) price, charts, market cap, and other metrics - CryptoCurrency Market Capitalizations".
  9. ^ Adinolfi, Joseph. "Exclusive: Grayscale launches digital-currency fund backed by Silver Lake's co-founder Hutchins". MarketWatch. Retrieved 27 April 2017.
  10. ^ Wirdum, Aaron van. "Rejecting Today's Hard Fork, the Ethereum Classic Project Continues on the Original Chain: Here's Why". Bitcoin Magazine. Retrieved 27 April 2017.
  11. ^ https://ethereumclassic.github.io/assets/ETC_Declaration_of_Independence.pdf
  12. ^ Coppola, Frances. "Ethereum: The Battle Of The Chains". Forbes. Retrieved 27 April 2017.
  13. ^ Dabek, Daniel (29 July 2016). "Ethereum Classic Brings War To The Cryptocurrency Exchanges". CoinIdol. Retrieved 29 July 2016.
  14. ^ Vigna, Paul (1 August 2016). "The Great Digital-Currency Debate: 'New' Ethereum Vs. Ethereum 'Classic'". The Wall Street Journal: Moneybeat. Retrieved 4 August 2016.
  15. ^ "Ethereum Classic Hardforks Successfully - CryptoCoinsNews". 25 October 2016.
  16. ^ "Ethereum Classic Hard Forks; Diffuses 'Difficulty Bomb'". NASDAQ.com. 13 January 2017. Retrieved 27 April 2017.
  17. ^ a b "Ethereum Classic Forges New Path; Revamped Monetary Policy Could Be Next". NASDAQ.com. 13 December 2016. Retrieved 27 April 2017.
  18. ^ "Ethereum Launches". Ethereum Blog. 30 July 2015. Retrieved 10 May 2017.
  19. ^ "Homestead Release". Ethereum Blog. 29 February 2016. Retrieved 10 May 2017.
  20. ^ "Gas Reprice Hard Fork on ETC block 2500000 (October 25) | Ethereum Classic". ethereumclassic.github.io. Retrieved 10 May 2017.
  21. ^ "ETC Weekly Newsletter : Protocol Update Successful! | Ethereum Classic". ethereumclassic.github.io. Retrieved 10 May 2017.
  22. ^ a b "Ethereum Classic (ETC) price, charts, market cap, and other metrics | CryptoCurrency Market Capitalizations". coinmarketcap.com. Retrieved 29 April 2017.
  23. ^ "Ethereum Classic Block Explorer - GasTracker.io (Ethereum Classic Block Explorer)".
  24. ^ "ETC Block Explorer - Ethereum Classic BlockChain Explorer".
  25. ^ https://etherhub.io//
  26. ^ "TradeBlock".
  27. ^ "Stampery: leaders in blockchain-based data certification".
  28. ^ "Stamp.io – Certify your digital documents using the Blockchain".
  29. ^ "DexNS".
  30. ^ "MyEtherWallet.com".
  31. ^ "ClassicEtherWallet: Client-Side Classic Ether Wallet".
  32. ^ "ClassicEtherWallet CX".
  33. ^ "Jaxx IO".
  34. ^ "Ledger Wallet - Hardware wallets - Smartcard security for your bitcoins".
  35. ^ "ethereumproject/go-ethereum".
  36. ^ "Parity Technologies".
  37. ^ "Bitfinex".
  38. ^ "Poloniex - Bitcoin/Cryptocurrency Exchange".
  39. ^ "Kraken - Buy, Sell and Margin Trade Bitcoin (BTC) and Ethereum (ETH) - Buy, Sell, & Trade Bitcoin".
  40. ^ "ShapeShift - Cryptocurrency Exchange - Simple Coin Conversion".
  41. ^ "Changelly. Exchange cryptocurrencies at the best rate".
  42. ^ https://trans.chbtc.com/etc
  43. ^ "Bitsquare - The decentralized bitcoin exchange".
  44. ^ "Bittrex.com - Bittrex, The Next Generation Digital Currency Exchange".
  45. ^ https://yunbi.com/
  46. ^ "▼ 0.003882 (ETC7D) Trade - BitMEX".
  47. ^ "ETC/BTC Ethereum Classic Exchange - Bter.com - Bitcoin and Crypto-currency Exchange Platform".
  48. ^ "YoBit.Net - EthereumClassic (ETC) Exchange".
  49. ^ "0.00499998 ETC / BTC Market - EthereumClassic Exchange - CoinExchange.io".
  50. ^ LiteBit.eu. "Buy Ethereum Classic at LiteBit with Creditcard, GiroPay, SEPA or SEPA".
  51. ^ "BTC Markets - Buy Bitcoins - Bitcoin Exchange".


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