Cryptocurrency has now become a very popular topic, only the lazy one does not talk about it. But let’s take a closer look at what it is and why it was invented. Ethereum Classic or the abbreviated symbol ETC is a modern and promising cryptocurrency that first began its existence in 2016 when it entered the market. It was this digital coin that managed to break ahead among competitors, because, as the current forecast shows, it is growing and, as the statistics show in general, for example, etc price prediction 2030, it continues to grow. Yes, and experts are of the opinion that the coin will only strengthen. Moreover, the largest price jump was in 2021, and since then the position of the virtual cryptocurrency ETC has been improving.
What historical facts should you be aware of?
The history of the Ethereum blockchain is not as simple as it might seem at first glance. In 2016, by coincidence, there was some nasty hacking of the system. More specifically, the network was hacked in such a way that 3.6 million Ethereum Classic coins were stolen from it. When transferring cryptocurrency to ordinary dollars, the amount of theft was the exact figure of 55 million US dollars.
After that, the developers decided that it would be necessary to produce a blockchain failure to the point that was before this theft. But there were also partners who opposed such a decision, because it completely violates the already existing principles of the decentralized cryptocurrency of the world community. Although opinions differed, the developers nevertheless made an attempt to restore the project and put it on its feet.
Thus, today we have such a result that from the technical side of the issue, Ethereum Classic and Ethereum are different. The last blockchain was simply updated and changed its name with the addition of the numbers “2.0”. In addition, the official team of creators have done everything to update the source code and further control all aspects that relate to security.
Now ETC is a real trend of our time, which investors and users who want to make money have time to pay attention to. Well, in turn, Ethereum Classic coins also arouse great interest after their price jump increased sharply several times and showed excellent income from everyone who had previously purchased a digital coin.
Distinctive characteristics of a virtual coin
Ethereum Classic has many different features and characteristics that users should clearly be aware of:
- it is considered the oldest cryptocurrency network;
- it is a decentralized ecosystem;
- the system is based on blockchain technology;
- thanks to the network, smart contracts were launched.
The modern Ethereum Classic community, despite the entire history of events, today stands for the immutability of the ecosystem and interchangeability in principle.
ETC as a native token on the platform has the right to place DApps known to users. And the essence of the process lies in the fact that people can not easily store virtual coins, but also sell them for fiat money or using other cryptocurrency means. When it comes to exchangers, it is very important to trust exclusively proven ones. That’s why using LetsExchange.io each client can easily look at which ada price prediction 2030, but also look at other types of crypto-currencies and their prices, carry out exchange operations, etc. The main thing to understand is that the exchange of the Ethereum Classic crypt is possible for at least 260 more varieties of other digital coins and virtual tokens, so customers have a fairly wide choice and opportunities.