Ethereum Classic is largely an original crypto currency created by V. Buterin. The project, created by a Canadian of Russian origin, was truly in demand.
He was able to attract many developers and ordinary users. Do not stay aloof and investors who drew attention to the crypto currency.
On its platform, the DAO investment fund was created. He issued his own currency, The DAO, and had a decentralized management system.
After a while, one of the users found in the platform code a vulnerability that allows you to receive coins on your account in large quantities.
After the theft took a large scale, a scandal broke out and the course of The DAO, and with it Ethereum collapsed. The purse containing the stolen funds was frozen.
For a refund, it was decided to conduct a hard-core network - to create a copy of it, in which the vulnerabilities will be corrected.
This decision adversely affected the reputation of the Etherium. The network was seen as an example of a decentralized platform, where there is no interference with contracts and operations.
One part of the community was on the side of developers, the other on the contrary - believed that the money should be left to the hacker, because in fact he did not crack anything, but just found a bug in the code. His guilt in this situation is not, the creators who have made a big omission are to blame.
The final decision was to split the block. As a result, a new network appeared, with fixed bugs and the old network - Ethereum Classic, i.e., the Etherium in its original form.
The new token received a lot of support, both from the exchanges and from the traders. Speculators in a short time increased the capitalization of the new currency to $ 250 million.
According to the philosophy of ETC, the code is equated to the law. All processes within the network are performed without the possibility, change them backward or cancel. Forks on this platform can only be soft and carried out exclusively to improve the system.
Prospects and Forecast Ethereum classic
Efirium Classic predicted a difficult future. It was said that the stolen funds will return to the market and collapse its price. Nothing happened.
ETC grew with the new fork, certainly not so much, but still. In addition, ETC was able to use the ideas and innovations used in the ETH.
Events on the crypto-currency market are developing very quickly, and the question arises - what will happen to Ethereum Classic? The most obvious answer is growth.
Space for this is available, because it is the original ether. Many investors show interest in it, which means good prospects.
ETC has never been a lot of news and constant hype, like bitcoin, but when the price really goes up, the main thing will not miss the moment.
Schedule and price of ETC
Now ETC costs almost $ 38. Its market capitalization is $ 3.7 billion, with a daily trading volume of more than $ 700 million.
How to buy ETC?
Crypto currency has recently been added to the Russian-language site of Exmo. Here it can be purchased for dollars, rubles, euros.
After the transaction, a message of purchase will appear in the chat. Coins can be found on the Wallet tab. From here they can be taken out or stored right here.
It is convenient to store coins on the exchange, since you can make transactions at any time and you will not have to pay double commission when entering and withdrawing funds.
