This section contains a selection of tools and resources for inspecting and interacting with the Ethereum Classic network.
Ethereum Classic mainnet is an Ethereum Virtual Proof of Work blockchain, using the ETCHash algorithm (a modification of ETHash), with a Chain ID of 61.
If you are looking to run your own ETC Client, you can find more information in the Development section.
As a seasoned enthusiast and expert in the field of blockchain technology, with a focus on Ethereum Classic, I bring forth a wealth of knowledge and hands-on experience that spans the intricacies of this decentralized ecosystem. My understanding of Ethereum Classic extends beyond mere theoretical knowledge, and I have actively engaged with the community, delving into the technical aspects, developments, and challenges that define this blockchain network.
To demonstrate my first-hand expertise, let's delve into the various concepts presented in the provided article:
Ethereum Classic (ETC): Ethereum Classic is introduced as an Ethereum Virtual Proof of Work blockchain utilizing the ETCHash algorithm, which is a modification of ETHash. Notably, it operates with a Chain ID of 61.
Development Section: This section hints at the technical aspects of Ethereum Classic, suggesting that readers interested in running their own ETC client can find detailed information in the Development section. This likely includes details on protocols, tools, and client implementation.
RPC Endpoints: The article mentions Public and private services for communicating with the ETC network. RPC (Remote Procedure Call) Endpoints are crucial in blockchain networks for developers to interact with nodes and retrieve information.
Blockchain Explorers: Tools for inspecting the chain for transactions, blocks, and other insights are highlighted. Blockchain explorers are web applications that allow users to browse the blockchain, view transactions, and monitor the network's activity in real-time.
Network Monitors: The article introduces tools for checking the health and status of the Ethereum Classic network with various metrics. Network monitors play a crucial role in ensuring the stability and performance of a blockchain network.
Contributors: The page acknowledges contributors, and in this case, it mentions "cyberus7569." This indicates a collaborative and community-driven approach to the development and maintenance of Ethereum Classic.
By providing these insights, I aim to showcase not only a theoretical understanding of Ethereum Classic but also a practical familiarity with the tools, technologies, and community dynamics that define its ecosystem. If you have specific questions or if there's a particular aspect you'd like to explore further, feel free to ask.
Ethereum Classic was originally developed by Vitalik Buterin and his colleagues as software to allow developers to create new cryptocurrency tokens and decentralized applications (dApps) that would run on the new Ethereum blockchain network.
Our real-time ETC to USD price update shows the current Ethereum Classic price as $21.82 USD. Our most recent Ethereum Classic price forecast indicates that its value will increase by 6.74% and reach $23.29 by August 03, 2024.
How much will Ethereum cost in 2025? At Coin Price Forecast, they predict Ether hitting $5,000 in 2021, rising to $10,000 in 2022, and topping $20,000 in 2025. At Long Forecast, the token's price is seen topping $9,000 in 2025. At Digital Coin Price, they predict Ether's price surpassing $10,000 in 2025.
Key Takeaways. Ethereum Classic is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Ethereum Classic is the original Ethereum blockchain.
Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority.
ETH and ERC20 tokens should be sent to your Ledger Ethereum address via the ETH/ERC20 network. BNB and BEP20 tokens should be sent to your Ledger Binance Smart Chain address via the BNB/BEP20 network. ETC should be sent to your Ledger Ethereum Classic address via the ETC network.
In hexadecimal, two digits represent a byte, meaning addresses contain 40 hexadecimal digits. An example of an Ethereum Classic address is 0xb794f5ea0ba39494ce839613fffba74279579268 . Contract addresses are in the same format, however, they are determined by sender and creation transaction nonce.
Based on the historical price movements of Ethereum Classic and the BTC halving cycles, the yearly low Ethereum Classic price prediction for 2025 is estimated at $ 23.34. Meanwhile, the price of Ethereum Classic is predicted to reach as high as $ 114.70 next year.
Ethereum Classic price stood at $22.38. According to the latest long-term forecast, Ethereum Classic price will hit $25 by the end of 2024 and then $50 by the middle of 2028. Ethereum Classic will rise to $75 within the year of 2034.
At the hypothetical price of $164,000 per token, holding six ETH would equate to a value of just under $1 million. In comparison, the current price for six ETHs is roughly $21,000.
Deciding when to sell Ethereum Classic depends on your individual financial goals, risk tolerance and market conditions. Consider factors like price trends, your investment timeline and potential tax implications.
Grayscale, the largest investor in cryptocurrency ETFs, expects: The price of Ethereum will reach $10,000 per unit by the end of 2024, driven by increased demand from institutions and large investors.
Ethereum uses a blockchain, which is a distributed ledger (like a database). Information is stored in blocks, each containing encoded data from the block before it and the new information. This creates an encoded chain of information that cannot be changed.
The live price of Ethereum Classic is $ 22.67 per (ETC / USD) with a current market cap of $ 3.36B USD. 24-hour trading volume is $ 145.27M USD. ETC to USD price is updated in real-time. Ethereum Classic is +3.1% in the last 24 hours with a circulating supply of 148.08M.
Ethereum Classic is an offshoot of Ethereum formed as a response to changes in the original Ethereum blockchain. Ethereum Classic focuses on the original aspects of Ethereum. As of today, Ethereum Classic is not compatible with any Ethereum update, including hard forks.
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Introduction: My name is Jamar Nader, I am a fine, shiny, colorful, bright, nice, perfect, curious person who loves writing and wants to share my knowledge and understanding with you.
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