Ethereum Classic (ETC)
A scalable blockchain designed to support fast transactions and decentralized applications.
About Ethereum Classic
Ethereum Classic(ETC) was created in 2016 as a fork of Ethereum following the DAO Hack. After the attack, part of the community decided not to modify the blockchain, keeping the transaction history unchanged according to the principle “code is law”, meaning that the blockchain should remain immutable even after major incidents. Ethereum Classic still uses Proof of Work, making it one of the main smart contract networks that can still be mined.
Key Characteristics
- Algorithm: Etchash
- Block Time: 13 seconds
- Max Supply: 210,700,000 ETC
- Block Reward (First Block): 5 ETC
- Block Reward (Current): 1.64 ETC
- Halving Schedule: Inexistent(The reward decreases by 20% every 5M blocks.)
- Difficulty Adjustment: Every 1 blocks
- Preferred Mining Hardware: ASICs
- Preferred Mining Software: Visit Mining Softwares page for details
- Pool Explorer: MiningPoolStats
Useful Links
Important Documents
None
Quick Facts
Created: 2016
Creator: Ethereum Community
Max Supply: 210.7M
Block Time: 13s