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What is ETC coin? Introduction to the issue price, total amount and white paper of ETC coins
Ethereum Classic (ETC) is a decentralized blockchain platform that emerged from a hard fork of the Ethereum blockchain in 2016, emphasizing decentralized governance and adherence to the original Ethereum ruleset.
Oct 09, 2024 at 10:06 am
Overview of ETC Coin
1. What is ETC Coin?
Ethereum Classic (ETC) is a cryptocurrency and blockchain platform that originated from a hard fork of the Ethereum blockchain in 2016. It is a decentralized platform that enables the execution of smart contracts — programs that run on the network.
2. Issue Price and Total Amount
- Issue Price: N/A (ETC was not pre-mined or funded through an initial coin offering)
- Total Amount: 230 million ETC
3. White Paper
The Ethereum Classic white paper outlines the platform's technical specifications, use cases, and roadmap. It was released in July 2016 and is available on the Ethereum Classic website. Key points include:
- Adherence to the original Ethereum blockchain ruleset
- Focus on decentralized governance and community control
- Support for Ethereum-based smart contracts and decentralized applications (dApps)
- Proof-of-Work consensus mechanism for securing the network
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