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Ether Classic’s Latest Price
What is Ethereum Classic?
Ethereum Classic is based on open-source public blockchain technology with a focus on smart contract systems. The token is an early fork in the Ethereum system. It was founded in 2015 and was a response to the Ethical quandary Ethereum’s fork found itself. Adherents of the original blockchain persevered and Ether Classic is the truest form of Ethereum as a result of this noble endeavour.
Why the big fuss?
It is a classic pre-DAO blockchain with principles. The key advantages are:
- The original Ethereum blockchain had a shortened supply and by continuing this Ether Classic has a finite supply. This means it has the ability to increase exponentially in the future.
- Big institutional investors are backing ETC because of its rarity and because of the price difference between ETC and ETH.
- The development team is focusing on proof of work – some believe this makes Ether Classic unique as Ethereum continues to focus on proof of stake smart contracts.
What can I buy with Ethereum Classic?
Ether Classic hasn’t really had the backing of major online retailers. It has become more of an asset class among crypto investors rather than a medium of exchange in a purposeful way. This means you really can’t buy much with it. You can exchange it for BTC/ETH and then spend it but otherwise, it is a means of storing value.
Where can I buy, sell or trade Ethereum Classic?
We recommend you buy, sell or trade Ethereum Classic at a trusted broker. Our favourite is at the top of this page. You can read our reviews of the top brokers here.